Delaware Downs for sale

Question

Cascino with harness racing stock has slipped to penny level for around 25 million controlling interest can be secured
currently trading at .97 cents a share, with revenues estimated at 140 million costing investors a penny a share to keep the doors open,
with such a small percentage it seems it can generate money with a day to day operational manager specialists. maybe a window to make a dollar if large corporations decide to move on this est. 200 million dollar property
dimes to dollars approach. to things.

nature1970 · Answer

Cascino with harness racing stock has slipped to penny level for around 25 million controlling interest can be secured
currently trading at .97 cents a share, with revenues estimated at 140 million costing investors a penny a share to keep the doors open,
with such a small percentage it seems it can generate money with a day to day operational manager specialists. maybe a window to make a dollar if large corporations decide to move on this est. 200 million dollar property
dimes to dollars approach. to things.

wallstreetcappers · Answer

PPS is not an indicator of what the price is to own the company.

nature1970 · Answer

Seriously? IF one buys 51% of the shares this isnt classified as a hostile take over,someone is buying the shares but cleverly not moving all at once but around 9:30 am and again 3:30 pm aquiring significant amount enough for volume spikes then flat lined till the next day if it all be the same hedge fund i estimate that 3.4 million shares have been leveraged leaving the market cap at 30 million vs 32.4 million just yesterday.I watched in 1982 when Diamond international was bought the same way and the pattern fits. owning  controlling interests and then destroy the company selling it off piece by piece at huge profit. american ski corporation likewise in the 2000&#x27;sI am great at pattern generation. this pattern leaves no doubt this cascino is moving at a 75% CHANCE OF TAKE OVER.

nature1970 · Answer

but if its you great i really like going to this cascino It is like a glass slipper in the world of tennis shoes dde vs golden nuggets dde is a beautiful facility. like to see it open.

wallstreetcappers · Answer

Their margins are garbage...The stock is selling at about 4 times cash flow, that to me isnt super cheap.They also have 3 times debt to cash and their sales are on a death march. Sales have gone down from 225M in 2012 to looks like 175M this year...that is a 50M drop in 3 years..Cost of sales has gone from 81% in 2012 to 81.6% in 2014, even with a decline in sales..means they are losing more when sales are slowing from a net income basis.Looks like break even is 195M in sales, so anything under that and they are running cash flow negative and that will keep pressure on cash and thus the PPS.With sales declining, costs increasing...they are slowing circling the drain.

nature1970 · Answer

under current regime it is crystal clear this firm will go bankrupt be sold into junk bond debt liquidation and sold off harness racing interantional speedway hotel and cascino to settle debt.However with a shake up with management and a serious cost cutting day to day operations specilist. it is possible to salvage a firm making 175 million in revenue. by spending 125 million. of a possible cash cow.

nature1970 · Answer

as long term 2006 the price per share was 20.00 it has steadly receeded about 12.5 % loss year after year targeting a price of 52 cents a share by september.
It offers football gambling and tends to better in the seasonal betting pools but then starts headed back the other direction.
I think of this as when robert Kraft took control of the Patriots. It wasnt a dynasty in the making team but with right positional changes in management operations, head coach, general manager and the aquisition of Brady a 6th round nobody to back up drew bedsoes . This team is now a cash cow. I hope something like this can be done there. ,
My interests here are clear I like the place , its a clean facility beautiful state of the art. and casual atmosphere the place wins that area hands down but without some way to cut expenses i am realist and the current firm is doomed to bankruptcy.

mainmanmainman2 · Answer

97centz

nature1970 · Answer

1.11 and climbing.

nature1970 · Answer

1.12 dde

nature1970 · Answer

1.11 dde

nature1970 · Answer

1.05

BIGfnPOO · Answer

wait for the 5-1 reverse split. that will be fun..ala EMPIRE    the upstate ny thiefs

nature1970 · Answer

Moving in the right direction again back to 1.10 and climbing.

Delaware Downs for sale

Hot Forum Topics