Dover Downs Gaming & Entertainment (DDE-N)

(BNN has dates shown as April 1/14. April Fools’ joke? I’m taking their word for it because I can’t match anything!!! Bill.)

(A Top Pick April 1/14. Down 32.43%.) Got out of this one at $1.46 last August. When he bought it, the company had a dividend, which they eliminated.

Just sold it. It was a fast tax-loss sale. He was afraid it would get delisted. Management has done a superb job, and they managed to keep the company profitable or only just losing money. There is a chance they could get taken over.

Sold his holdings recently. This is in the gaming industry, with nearby beaches. Has a long history of doing well. Decreased the debt load, but there are a lot of difficulties. Have been losing money and they stopped paying a dividend. Because the stock price has gone down so much, it could get kicked off of the NYSE. If this happens, there will be a lot of selling as it could go down another 30%-50%.

Now down to about where he had bought it at. A lot more competition in the states. On their own in Delaware but have competition next door in Pennsylvania. Have pared their debt back from about $88 million to about $58 million. Eliminated the dividend to deal with increased competition. Has a target price of over $7.74.