Dover Downs Gaming & Entertainment

DDE-N

NYSE:DDE

2.64
0.00 (0.00%)
Dover Downs is a hotel, casino, and racetrack complex in Dover, Delaware. It has a .625-mile harness horse racing track, which is surrounded by Dover International Speedway, a 1-mile concrete track used for NASCAR motor racing events.
More at Wikipedia

Analysis and Opinions about DDE-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 1, 2014

(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.

(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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.450
Owned
No
SPECULATIVE BUY
SPECULATIVE BUY
November 11, 2013

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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.450
Owned
No
COMMENT
COMMENT
September 26, 2013

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%.

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%.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.370
Owned
No
TOP PICK
TOP PICK
April 17, 2013

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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.020
Owned
Yes
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