On the message board at DVD they believe they are getting screwed and think that they will get a sweetened offer from DDE or that someone else will come in with a better offer. Their stock is up like 10% today. The articles by Mariusz Skonieczny (a stockholder) is whining about the deal and try to convince everyone that the RE DVD owns is more valuable than it is list as.
That may be true but if the deal goes through the $2 a share people are pay won't be worth what they get 0.501 X the price of DDE.
With or without the deal I feel the stock price will rise as the earnings come in for DDE. The net take looks good from the past 3 months.
As a DVD shareholder, I will tell you this: the Dover track alone is worth $200-$300 million, so they'll never get a "yes" vote from me at $1.75. Don't be so clueless, DVD shareholders are dedicated to killing this deal, be it lawsuits, a higher bid, or whatever legal means necessary. That's why 94% of us voted against tippie in a board election. Even though we don't have voting shares, this time is different and we have a chance to kill this deal.
Don't get your hopes up, Cibelli, Mariusz, me and others will vote "no" to these crooks offer. You don't turn down $5.85 from isca and then offer $1.75 to rob no one but the owners.
Agreed - this stock warrants a pop soon. I think 3Q revenues/profit will be higher then the 7/8c estimates.
After the merger, you have to take into consideration that many of the Dover Motorsports shareholders will want to sell there shares for cash. It will take a couple weeks for the unwanted shares to shake out but a pop is coming soon.