2006-09-07 04:48:43 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
No insider bought the stock in the open market this year, institutionals dumped 2 million shares over the last quarter, so it doesn't look too promising (see first link).
If you were Hefner, or PLA's CFO, and you knew that your results will be much better than Wall Street anticipates, wouldn't you be buying?
If you're looking for stocks to invest in, from someone with a good audited track record, click on the second link.
Let's make money!
Good luck
Marc
2006-09-07 05:34:26 · answer #1 · answered by Marc H. Mayor 2 · 0⤊ 0⤋
Someone mentioned that he wouldn't buy the stock because Hugh Hefner won't live forever. But the fact is that the expenses for the upkeep of the Playboy mansion are a huge drain on earnings. His death might be the best thing to happen to the company since they bought the rights to Marylin Monroe's early nude pictures.
An interesting fact though is that Playboy is one of a handful of stocks where people buy one share (or a small number of shares) and actually take possession -- framing the certificates. Playboy's certificates have an engraving of a bunny (a woman, not the animal) on them. Other stocks with this property include sports teams that have gone public.
2006-09-07 14:03:57 · answer #2 · answered by Ranto 7 · 0⤊ 0⤋
I don't know about their stock, but I would be on their cover if I had the body to. Then I would buy their stock because everybody would want to get with me. Hahaha!
2006-09-07 11:55:27 · answer #3 · answered by ht_butterfly27 4 · 0⤊ 0⤋
I might just for the party invites! :-)
And heck, might as well get some money back for all the money going out the door, eh? ;-)
2006-09-07 23:50:20 · answer #4 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
I wouldn't because Hugh Hefner isn't going to live forever and when he dies it might just go to hell.
2006-09-07 11:54:52 · answer #5 · answered by fungirl 3 · 0⤊ 0⤋