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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Equity Bottom-Up

RCI Hospitality Holdings / Equity Bottom-Up

<ul><li>We recently traveled to Colorado to see RCI’s new properties.</li><li>As background, following the purchase of five clubs in the Denver market in late 2021, RCI is planning on investing between $50 million and $80 million in the next two years in Denver and the surrounding areas of Colorado.</li><li>As a result, Colorado is expected to be RCI’s third-largest market, behind Texas and Florida.</li></ul>

We recently traveled to Colorado to see RCI’s new properties.As background, following the purchase of five clubs in the Denver market in late 2021, RCI is planning on investing between $50 million and $80 million in the next two years in Denver and the surrounding areas of Colorado.As a result, Colorado is expected to be RCI’s third-largest market, behind Texas and Florida.

Rci Hospitality Holdings, Inc. -Tour of Colorado Shows a Promising Growth Opportunity