Playboy Clarifies Views On Sale: 'Listening, But Not Looking'; Investors Remain Hopeful Anyway

When Playboy Enterprises (NYSE: PLA) Interim CEO Jerry Kern told investors during the company’s Q4 earnings call this week that it would be open to offers for a buyout, many of the company’s shareholders were thrilled. But as a Playboy rep told the NYT, Kern’s statement reflected the company’s policy of always being open to acquisition offers, but that the adult media property was not actively looking to be sold. Still analysts who were on the earnings call, like Jonathan Boyar, a principle with Playboy investor Boyar Asset Management, hope that the company’s ears are a bit more open than they used to be.

As Boyar told paidContent, Playboy’s stated openness to a deal came as “a welcome change and a step in the right direction. Playboy is a company that’s been under-valued and under-managed for some time. It is still one of the world