Letters by company
Rci Hospitality Holdings, INC.
3 letters discussing RICK. Everything written about it on this site is on its ticker page.
- Greenhaven Road Capital Q1 2021 Greenhaven Road added to PAR Technology after its Punchh acquisition, retained conviction in Elastic’s customer monetization and KKR’s permanent-capital model, and saw RCI Hospitality become a top holding. The fund sold Twitter after rapid appreciation and is building SPAC capabilities through warrants, a specialist-manager seed investment and a Special Opportunities Fund. first quarter +14.0% APPS $1.3BESTC $8.9BKKR $96BPAR $804M
- Bireme Capital December 2023 Investor Letter Fundamental Value sold Netflix, cut Meta Platforms and added Apple, Clorox, Tootsie Roll, ARM Holdings and C3.ai shorts as mega-cap and staples valuations rose. It remained long Old Republic and RCI Hospitality, arguing their earnings power is underappreciated, and initiated British American Tobacco for its low valuation and reduced-risk nicotine franchise. The portfolio expects persistent inflation and fiscal deficits to constrain the soft-landing narrative. December 2023 +21.3% BTI $123BAAPL $4.5TAI $1.6BARM $268B
- Bireme Capital 3Q22 FV Quarterly Report Bireme Capital argues that persistent inflation and a Fed unwilling to support markets have replaced the buy-the-dip regime with a sell-the-rally one. It backed RCI Hospitality and Netflix on operating momentum and valuation, exited Tencent Music over weakening Social Entertainment and pricing pressure, and built Twitter into its largest position ahead of Musk's acquisition. 3Q22 +2.5% NFLX $511BRICK $240MTME $14BTWTR delisted
