Million Dollar Saloon OTC BB : MLDS
Address:
6848 Greenville Avenue
Dallas, TX 75231
Phone: (214) 691-6757
Fax: (214) 691-6788
Employees: 70
Officers: Nina J. Furrh, Chmn./Pres./CEO Dewanna Ross, VP/COO/Secy./Treas. Ronald W. Johnston, VP-Fin./CFO Sharon Furrh, VP.
Business Summary
Million Dollar Saloon owns and operates an adult cabaret in Dallas Texas under the name Million Dollar Saloon which opened in 1982 to establish a sophisticated entertainment
club to professional clientele. Most of the revenues and earnings of The Million Dollar Saloon comes from the bar and restuarant sales. MLDS also owns and manages income producing commercial real estate in the Dallas - Ft. Worth Metroplex. For the nine months ended 9/30/98, total revenues remained flat at $2.9 million. Net income fell 47% to $248 thousand. Revenues reflect lower restaurant patronage, offset by increased rental income. Earnings suffered from increased consulting costs and higher legal and professional fees.
Statistics at a Glance -- MLDS Last Updated: Feb 8, 1999
Price and Volume (updated Feb 8, 1999) Per-Share Data Management Effectiveness
Book Value (mrq) $0.53 Return on Assets (ttm) 5.42%
Earnings (ttm) $0.03 Return on Equity (ttm) 6.69%
52-Week Low $0.281 Sales (ttm) $0.62 Financial Strength
Recent Price $0.531 Cash (mrq) $0.12 Current Ratio (mrq) 3.05
52-Week High $1.00
Valuation Ratios
Long-Term Debt/Equity (mrq) 0.08
Price/Book (mrq) 1.01
Total Cash (mrq) $730.0K
Price/Earnings (ttm) 16.59
Share-Related Items
Price/Sales (ttm) 0.86
Market Capitalization $3.06M
Shares Outstanding 6.144M
Float 2.00M
Sales (ttm) $3.56M
Profit Margin (ttm) 5.6%
Investment Thoughts:
Income: MLDS has paid 12 consecutive dividends in less than 3 years. Dividends have ranged from .01 to .04 per share.
MLDS is actively pursuing consolidation and acquisition opportunities.
Insider Ownership: 35%
One of many print advertisements which the company runs on billboards and magazines:
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When you get your stock certificates issued to you this is what they will look like:
Warning: These certificates should be considered " for adults only"
1,000 share stock certificate
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100 share stock certificate
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1 share stock certificate
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The Million Dollar Saloon has been in national publications:
Forbes
Investor's Business Daily
The Washington Post
International Herald Tribune
Texas Journal
Does MLDS file with the SEC: YES
Investor Relations:
David Evanson
Financial Communications Associates
27 West Athens Avenue
Ardmore, PA 19003 |
