GeoBargain Ricks Cabaret reported financial results after the close today.
Temporary expenses associated with acquisition activities and aggressive marketing costs resulted in the company missing analyst estimates by $0.05. However RICK has maintained its guidance of $0.95 to $1.05. The company also announced that it has entered into an acquisition agreement with VCG Holding Corp. We are not sure how investors will react to this news in this trepid market. Taking some shares off the table may not be a bad idea given that the stock has increased nicely from when we coded it as a GeoBargain on August 12, 2009 at $8.53.
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