MSN Money - "Tough times for porn, booze"
 

Didn't see this posted earlier...

Tough times for porn, booze

Even sin isn't secure anymore. Gambling, sex, cigarettes and alcohol are among the supposedly recession-proof businesses hit hard by the economic downturn.

By Michael Brush
MSN Money


In this economy, even the wages of sin aren't what they used to be.

Market lore says people keep spending on sex, booze, butts and slots in hard times, no matter what. Sin is supposedly recession-proof.

But the widespread weakness among so-called sin stocks suggests the downturn has converted a lot of sinners into saints.

Playboy Enterprises (PLA, news, msgs) stock is down about 80% in the past year, twice the 40% decline of the S&P 500 Index ($INX). Casino operator Las Vegas Sands (LVS, news, msgs) is down more than 90%. And alcohol stocks such as Diageo (DEO, news, msgs) and Constellation Brands (STZ, news, msgs) have done little better than the market.

Full article

Interesting.. never woulda imagined people would be drinking less these days

i can see slots and casinos down. not because people dont have the money to blow there, but because of the price to get there.

my friends parents take a yearly trip to vegas in April and said they are not doing it this year because the added cost in flying, parking and food, as well as they don't want to take time off from work in fear that when it comes time to make cuts, they want as much kiss ass time as possible.

ironically enough, i saw that Netflix is UP 40% this year. i guess people want to save money from driving to blockbuster or going to the movies and just sit at home with bottom self booze and watch dvd's these days

I can understand why too, people make less money and spend less money.

i dont buy it...no offense but those stocks they are looking at to gather evidence from...please

Yea but the part about the porn industry is bullshit... the troubles aren't because of the recession, it's about this whole damn industry and it started years ago.

I tend to think its a combination of factors - the economy, free tubes, the way the industry conducts and presents itself.

Its a mistake to point to any one single cause.

good thing drugs are still a hit

exactly....

meanwhile heroin, xtc & cocaine sales are at an all-time high :1orglaugh