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Dover Motorsports Inc. Message Board

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  • slim_niceguy slim_niceguy Feb 4, 2009 11:42 PM Flag

    Lackadasical AND Arrogant

    Well they have a much nicer dividend over at DDE which they also control with super voting shares. They also own huge stakes in Rollins, Inc. and RPC that throw off dividends. The stock price is immaterial to them. They look it as a legacy asset that they nurtured through the early unprofitable years. Current shareholders can't possibly have made any contribution to that in their mind. In fact current shareholders are transients- people to be scorned. To them this is their property, don't bother them with the definition of ownership.

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    • Thanks. Sounds like you know these guys pretty well. I don't know if you listened to the call, but it sounds like they think Nashville is worth $51 million, and St. Louis $10 million. Do you have any thoughts on those figures? It sounds like they did another valuation analysis in the fourth quarter so hopefully those numbers are close to reality today, in which case they could pay off the bank debt and have a nice pot left over if they decide to sell them too. Maybe Carl Edwards will see this deal with the Dale Earnhardt jr company and think he could sell out St. Louis a few times. What do you think?

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