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Playboy (NYSE: PLA) published its Q1 results today. Any longtime follower of the company will note that things haven't changed. We're still talking about revenue declines and losses. When will the Bunny finally hop back into reliable profitability? No one really knows when (if) that will happen.

On a reported basis, Playboy said it lost $0.41 per share. If you strip out charges, you get a loss of $0.15 per share. This number was a few cents better than the expectations of analysts according to this source. Be that as it may, they certainly don't meet my expectations. The adjusted loss is essentially the same as last year's number. I suppose we have to give the interim CEO Jerome Kern a chance. As you'll recall, Christie Hefner finally gave up her throne earlier in the year (thankfully).

Continue reading Playboy's Q1 needs to be airbrushed

Playboy's Q1 needs to be airbrushed originally appeared on BloggingStocks on Mon, 11 May 2009 15:10:00 EST. Please see our terms for use of feeds.

Read | Read | Read | Permalink | Email this | Comments]]>Christie HefnerChristieHefnerhugh hefnerHughHefnerinthenewsjerome kernJeromeKernmagazinesPLAPlayboypublishingMon, 11 May 2009 15:10:00 EST<![CDATA[Playboy says it would consider a sale]]>http://www.bloggingstocks.com/2009/02/18/playboy-says-it-would-consider-a-sale/http://www.bloggingstocks.com/2009/02/18/playboy-says-it-would-consider-a-sale/http://www.bloggingstocks.com/2009/02/18/playboy-says-it-would-consider-a-sale/#commentsFiled under:

Playboy Enterprises (NYSE: PLA) reported a loss of $145.7 million for the fourth quarter of 2008 -- $4.37 per share on a stock that trades right around $1.50. Revenues declined precipitously, but the real reasons for the loss were impairment, restructuring and other charges totaling $157.2 million.

The stock is trading up slightly today, perhaps in part because chairman Jerome Kern (not that Jerome Kern) told investors on a conference call that the company is "willing to listen" to listen to sale or merger possibilities, something that the company hadn't done under former CEO Christie Hefner's reign of terror.

Continue reading Playboy says it would consider a sale

Playboy says it would consider a sale originally appeared on BloggingStocks on Wed, 18 Feb 2009 16:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>hugh hefnerHughHefnerjerome kernJeromeKernPLAPlayboyWed, 18 Feb 2009 16:20:00 EST