November 10th, 2008, 5:26 pm
Playboy Shares Tumble on Q3 losses - Chicago Tribune Nov 6"Shares of Playboy Enterprises Inc. were down 27 percent in early-afternoon trading Thursday, after the Chicago publishing and entertainment concern reported a third-quarter loss and warned investors that advertising will show a sharp downturn in the fourth quarter.In New York Stock Exchange trading, Playboy's already battered shares were off 65 cents at $1.75, a price that gives the company a market capitalization of just $59 million. The stock was trading at about $11 twelve months ago.In the latest quarter, Playboy reported a net loss of $5.2 million, or 15 cents a diluted share, compared to net income in the year-ago quarter of $2.6 million, or 8 cents a share.Revenues declined to $70.4 million from $82.8 million."I believe that Larry Flint's organization is privately held.
Last edited by
Trickster on November 9th, 2008, 11:00 pm, edited 1 time in total.