Forget JNJ and P&G, Rick's Cabaret is neuvo-defensive .
From Briefing.com (please don't sue):
Merriman notes that over the past month, RICK shares have declined by about 25% as they believe investors have feared the potentially negative consequences of a weak economy on the co's strip club operations. However, after completing some channel checks in recent days, they do not believe the co's strip club business trends have suffered during the current qtr. In fact, given the co's market position in many of its regions, they actually believe RICK could benefit from this economic environment. The firm also notes that according to the SEC website, RICK shares have been on the "fail-to-deliver" list indicating potential "naked short-selling" abuse. If this has been contributing to the drop in RICK shares recently, the firm would believe the situation should correct itself as the co continues to report solid qtrly results. Firm says that one other concern impacting public valuations recently is whether or not a co needs capital to sustain its operations. They say that the short answer for RICK is no.