I think you are right there. If you listen to the CEO when is interviewed he is completely oblvious to the facts.
He says the company is "Doing just fine" and it isn't fair to compare us to the "Megoliths" like TRK and ISCA.
Sure it is fair..they are mismanaging this company because they don't have to care about the shareholders. With the Class A stock the public holders are a nuisance to be ignored.
Well I hope this recession is so deep that those midwest tracks with their crappy race schedules plunge into the red so deep that they have to do something.
It will be interesting to see if they grant the officers stock options at prices this ridiculously low. If the company is doing so great and it is the "Crazy market" then the strike price of any new options should be a minimum of $5.
The bottom line is these guya feel like THEY built this company and they own it- don't bother them with public holders - they are worthless. It sure is cheap though - if they would ever do the right thing.
If that is true then you are saying that Dover is worth less than New Hampshire speedway when Dover is a superior property. If it sold for the equivalent amount that NH did you are looking at more like 10-12. 1/7 of TRK is $2.40- you are way low.