NEW YORK (CNN/Money) - As it celebrates its 50th anniversary this year, it looks like Playboy has staying power.

Playboy is one of the most recognized brands in the world, with its rabbit head logo emblazoned on everything from clothing and accessories to video games.

And, oh yeah, a certain magazine that features pictures of nude women.

But the company's stock price has been anything but sexy lately. Shares are down 29 percent in 2004 even though the company is having arguably its best year since undergoing a major corporate restructuring in 1998.

So is Wall Street overlooking an attractive media stock bargain? Or will the continued debate about indecency and obscenity scare away investors? Click here to find out what we think »»

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