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VCGH-at 2.40-huge earnings out-has not moved yet-52 week high 15.00-low 12 mil. float 1 mil. shorts!!
Posts: 3056 | Registered: Feb 2005
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low,low float-big shorts-VCG Holding Corp. Announces 2008 Third Quarter Financial Results Monday November 10, 8:00 am ET
Q3 2008 Compared to Q3 2007 * Total Revenues increased 40% to $15.2 million * Income from Operations of $3.8 million * Net Income of $1.8 million, or $0.10 per fully diluted share * EBITDA up 2% at $4.4 million * Q3 2008 same store sales increased 9%
First Nine Months 2008 Compared to First Nine Months 2007 * Total Revenues increased 61% to $43.2 million * Income from Operations of $10.2 million * Net Income of $4.6 million, or $0.25 per fully diluted share * EBITDA up 31% to $11.4 million * Year to date same store sales increased 10%
ADVERTISEMENT
DENVER, Nov. 10, 2008 (GLOBE NEWSWIRE) -- VCG Holding Corp. (NasdaqGM:VCGH - News), a growing and leading consolidator and operator of adult nightclubs, today announced financial results for the third quarter and nine months ended September 30, 2008 (see attached tables).
Troy Lowrie, Chairman and Chief Executive Officer, stated, ``We are pleased with our results for the third quarter and first nine months of 2008. We experienced the third consecutive quarter of same store sales growth, and revenues for both the third quarter of 2008 and year to date were up 40% and 61%, respectively. We also saw increased operating cash flow for the first nine months of 2008, which attributes to our success with integrating high quality clubs we acquired since the third quarter of last year. Operating cash flow improved to $9.4 million for the nine months ended September 30, 2008, up $467,000 from the same period in 2007. Year to date free cash flow at September 30, 2008 was $5.7 million. Free cash flow for the quarter ended September 30, 2008 was $2.4 million
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50k order is sitting at 2.33 bid someone wants in-or a little of the 1 million shorts wants to cover
Posts: 3056 | Registered: Feb 2005
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great earnings today--and this to continue-from sept. press--Press Release Source: VCG Holding Corp.
VCG Holding Corp. Board Authorizes $1 Million Stock Buyback and Reiterates $.40 EPS Expectation Tuesday September 30, 3:26 pm ET
DENVER, Sept. 30, 2008 (GLOBE NEWSWIRE) -- VCG Holding Corp. (NasdaqGM:VCGH - News), a growing and leading consolidator and operator of adult nightclubs, announced today that the Company's Board of Directors has authorized the buyback of up to $1 million of the company's common stock. The Company may acquire the common stock through dealers or agents in transactions on the Nasdaq Stock Market or in privately negotiated transactions. ADVERTISEMENT
Troy Lowrie, Chairman and CEO of VCG Holding, stated that, ``The Board agreed that our stock is currently significantly undervalued. If the Company's stock price continues to decline, strictly because of general market conditions, it becomes accretive to buy our own stock at these values. In addition, we continue to look for opportunities to grow our business through acquisitions. The Company is continuing to be on track to earn $.40 per share for 2008.''
Mr. Lowrie continued to say that the Company's revenues and metrics remain strong for the last quarter, and that the Company's stock value has been affected because of the general unrest in the U.S. stock market. He stated that the Company will announce quarterly revenue in October and is anticipating this to be one of the strongest quarters in the Company's history.
About VCG Holding Corp.
VCG Holding Corp. is an owner, operator, and consolidator of adult nightclubs throughout the United States. The Company currently owns 20 adult nightclubs and one upscale dance lounge. The night clubs are located in Anaheim, Indianapolis, St. Louis, Denver, Colorado Springs, Ft. Worth, Dallas, Raleigh, Minneapolis, Louisville, Miami, and Portland, ME.
Certain statements in this release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors identified from time to time in the Company's reports with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year ended December 31, 2007. All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements, except as may be required by law.
Contact: VCG Holding Corp. Troy H. Lowrie, CEO tlowrie*vcgh.com Courtney Cowgill, CFO ccowgill*vcgh.com 303.934.2424 Fax: 303.922.0746 390 Union Blvd, Suite 540 Lakewood, Colorado 80228
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VCGH near 52 week low-2.40pps.-great Q yesterday--low 12 million float and over 1 million shorts--when a little short covering starts it should move fast--52 week high 15.00 also stock buyback pr. in September-g/l- http://stockcharts.com/h-sc/ui?s=VCGH&p=D&b=5&g=0&id=p79749513591Posts: 3056 | Registered: Feb 2005
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Looks good on paper, but like all stocks, it needs a following and momentum. I see none.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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yes, needs the volume--when the 1 mil. shorts start to cover it will move fast--12 mil. float and over 1 mil. shorts
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