Timothy Horne - Dover Downs Director
Director
Mr. Timothy R. Horne is Chief Financial Officer, Senior Vice President Finance, Treasurer of the Company. He is also Senior Vice PresidentFinance and Chief Financial Officer and Director, Dover Motorsports, Inc. since 2015.
Age | 49 |
Tenure | 9 years |
Phone | 302-674-4600 |
Web | http://www.doverdowns.com |
Dover Downs Management Efficiency
The company has Return on Asset of 0.9 % which means that on every $100 spent on assets, it made $0.9 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.03 %, implying that it generated $0.03 on every 100 dollars invested. Dover Downs' management efficiency ratios could be used to measure how well Dover Downs manages its routine affairs as well as how well it operates its assets and liabilities.The company has 15 M in debt with debt to equity (D/E) ratio of 13.1, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Dover Downs Gaming has a current ratio of 0.69, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Dover Downs until it has trouble settling it off, either with new capital or with free cash flow. So, Dover Downs' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Dover Downs Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Dover to invest in growth at high rates of return. When we think about Dover Downs' use of debt, we should always consider it together with cash and equity.
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Management Performance
Dover Downs Gaming Leadership Team
Elected by the shareholders, the Dover Downs' board of directors comprises two types of representatives: Dover Downs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dover. The board's role is to monitor Dover Downs' management team and ensure that shareholders' interests are well served. Dover Downs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dover Downs' outside directors are responsible for providing unbiased perspectives on the board's policies.
Edward Sutor, COO, Executive VP, CEO of Dover Downs, Inc and President of Dover Downs, Inc | ||
Denis McGlynn, CEO and President Director and Member of Executive Committee | ||
Randall Rollins, Independent Director | ||
Timothy Horne, CFO, Principal Accounting Officer, Sr. VP of Fin., Treasurer and Director | ||
Richard Struthers, Independent Director | ||
Klaus Belohoubek, Sr. VP, General Counsel and Secretary | ||
Jeffrey Rollins, Independent Director | ||
Patrick Bagley, Director | ||
Henry Tippie, Non-Executive Independent Chairman of the Board |
Dover Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Dover Downs a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity | 0.03 | |||
Return On Asset | 0.9 | |||
Profit Margin | 0.02 % | |||
Operating Margin | 1.29 % | |||
Current Valuation | 89.7 M | |||
Shares Outstanding | 18.41 M | |||
Shares Owned By Insiders | 11.66 % | |||
Shares Owned By Institutions | 59.32 % | |||
Number Of Shares Shorted | 3.07 M | |||
Price To Book | 0.75 X |
Pair Trading with Dover Downs
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dover Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dover Downs will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Dover Downs Gaming information on this page should be used as a complementary analysis to other Dover Downs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in Dover Stock
If you are still planning to invest in Dover Downs Gaming check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Dover Downs' history and understand the potential risks before investing.
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