A Recession-proof Investment?

[handyandy]

If you've lost money on high-tech stocks, maybe this is something to consider.

 

Investor Rush Brings Forward Brothel Listing

 

SYDNEY (Reuters) - Australian bordello the Daily Planet, touting its recession-proof services, said Thursday its plans to

float <=go public> had met with so much interest it would bring forward its stock exchange listing to early 2003.

 

Selling itself as a "very busy five-star hotel," the Melbourne-based Daily Planet said it aims to raise $5 million to pay debts and grow by offering 40.4 percent of its property arm to the public.

 

The group said in July it hoped to become the world's first listed brothel within one to two years.

 

"Since then we have received over 3,000 telephone and e-mail inquiries from investors all over the world, including nine million hits on our Web site," Daily Planet Managing Director Andrew Harris said in a statement.

 

"With such anticipation, we resolved to expedite the listing process," Harris said.

 

Prostitution is legal in some parts of Australia, but with certain curbs on it.

 

The Daily Planet's gaudy Horne Street property in the Melbourne suburb of Elsternwick, has 18 themed rooms with names such as Venus and Xanadu. Some have spas large enough for several guests at a time.

 

 

12/12/02 10:25