January 12, 2002
New Economy Recovery Update

Formerly bankrupt dot-com Internet Advisory Corp is in talks to buy notorious New York nudie bar Scores and take it public. "We are charting a new course for the company,'' Internet Advisory's Chairman and Chief Executive Richard Goldring said. ''We intend to become the industry leader in adult nightclub entertainment.''

Well, good luck. I know that the "sin" industry is supposed to be recession-proof and all that, but that doesn't mean it'll be any better a stock than Pets.com was, though at least their business plan makes more sense. Still, I wouldn't quit the day job and bet it all on Scores' IPO. Rick's Cabaret stock closed Friday at $2.89, not exactly 1999-level Amazon numbers, y'know?

Posted by Charles Kuffner on January 12, 2002 to Bidness | TrackBack