Michael Goode submits:The old adage that sex sells may be true, but if an investor wanted to invest in publicly traded peddlers of sex (in all its legal incarnations), that investor would have only a few poor choices. While those choices may soon expand (when Penthouse goes public, as it is expected to do soon), the anti-prude investor should steer clear of this field.
The largest publicly-traded sex-related company, Playboy (PLA) [$8.69 0.00%, market cap: $289.1M], is the quintessential poor investment. Over the last two decades Playboy stock is only up 42%, while the Dow Jones Industrial Average is up 520%. Even as Hugh Heffner continues to cavort with silicone-enhanced playmates one-third his age, the company’s centerpiece magazine continues to lose subscribers.
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