Playboy (NYSE: PLA) was in the news late last week after founder Hugh Hefner made an offer (along with private equity backing) to take the company private. FriendFinder Networks, owner of Playboy rival Penthouse, came in with an even higher offer later in the week, creating an unexpected bidding war.

In this Fool TV video, Motley Fool Income Investor advisor James Early talks about Playboy's strengths -- and why one of its strengths is a weakness when evaluating the stock. With this activity, is Playboy worth the risk? Watch James' analysis here: