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Dover Downs Gaming & Entertainment Inc. Message Board

  • bigfry_52 bigfry_52 Jul 12, 2006 2:03 AM Flag

    DDE's Mkt Cap is up $400 mm in 6 months

    DDE now has a $684 million enterprise value In the past 12 months DDE has generated Sales of $ 224 million & Operating Income (EBITDA) of $ 49.4 Million.

    Ask Yourself:

    Would you buy a business for nearly $700 million, if that business generated only $240 million in annual sales and generated annual profits of just $50 million ?

    That's 3.05 X Sales & 13.85 X EBITDA

    DDE's Recent Earnings Report Not Overwhelming:

    On Thursday April 27 DDE reported earnings

    In DDE's First Quarter - March 31, 2006 ---

    DDE's revenues in 2006 1st quarter increased 13.8% to $59,272,000 compared with $52,091,000 for the first quarter of 2005.

    DDE's Total 1st quarter sales increased = +$7.1mm

    DDE's 1st quarter net earnings improved 24.2% to $6,185,000 compared with $4,979,000 for the first quarter of 2005.....

    DDE's Total 1st quarter net earnings increased --> +$1.21 million

    DDE made a 52-Week Trading Low on December 7, 2005 @ $ 7.97 a share

    Today July 11, 2006 - DDE is now trading @ $20.13 a share

    So as of today...

    DDE's stock price is now up 153% in the first 6 months of 2006

    With that triple digit gain in share value.... DDE's market capitalization has just increased $395 million dollars in just the past 6 months

    In the past 200-Days DDE shares have gone up an additional 57% (DDE's 200 day moving average price is now $12.87)

    So the value of DDE's equity has increased roughly $235 million in just the last 200 days alone.....

    WHY has DDE gone up $400 million in market cap since December?

    Total 1st quarter sales increased =

    +$7.1 million

    Total 1st quarter net earnings increased =

    +$1.21 million

    Ask yourself this:

    Would you pay up $400 million for a company that grew their sales --> $7 million ?

    Would you pay up $400 million for a company that grew their net earnings --> $1.2 mm ?

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