Playboy To Benefit From Hugh Hefner's Death: Analyst

It's always refreshing when an analyst shows some chutzpah when analyzing a company. David Miller of SMH Capital sees a boost to playboy when the company's iconic founder (who is 81) passes away:

Given the material expense required for maintenance and taxes on the Playboy Mansion in Los Angeles, and given that Mr. Hefner pays “rent” back to Playboy corporate (recorded as a contra expense) for the privilege of living there, we believe Mr. Hefner’s death could result in a material stock price uptick on the notion that the Mansion could eventually be sold, which would leave the company net debt free.

Via MediaFile

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