Richard Struthers - Dover Motorsports Independent Director
Director
Mr. Richard K. Struthers is no longer Independent Director of Dover Motorsports Inc., effective April 25, 2018. Mr. Struthers brings to the Dover Board a experience from his tenure with Bank of America and MBNA America Bank. Mr. Struthers is past President of Bank of America Global Card Services and was a member of the Banks Executive Management Team. He retired in April of 2010. Mr. Struthers joined Bank of America in January 2006 after serving as Executive ViceChairman of MBNA America Bank. Mr. Struthers was a founding member of the management team that established MBNA in 1982 and has more than 31 years of management experience in consumer lending since 2011.
Age | 59 |
Tenure | 13 years |
Phone | 302 883 6500 |
Web | https://www.dovermotorsports.com |
Dover Motorsports Management Efficiency
The company has Return on Asset of 4.67 % which means that on every $100 spent on assets, it made $4.67 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 16.41 %, implying that it generated $16.41 on every 100 dollars invested. Dover Motorsports' management efficiency ratios could be used to measure how well Dover Motorsports manages its routine affairs as well as how well it operates its assets and liabilities.The company has 164 K in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. Dover Motorsports has a current ratio of 4.77, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Dover Motorsports until it has trouble settling it off, either with new capital or with free cash flow. So, Dover Motorsports' 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 Motorsports 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 Motorsports' use of debt, we should always consider it together with cash and equity.
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Management Performance
Return On Equity | 16.41 | |||
Return On Asset | 4.67 |
Dover Motorsports Leadership Team
Elected by the shareholders, the Dover Motorsports' board of directors comprises two types of representatives: Dover Motorsports 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 Motorsports' management team and ensure that shareholders' interests are well served. Dover Motorsports' 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 Motorsports' outside directors are responsible for providing unbiased perspectives on the board's policies.
Anastasia Nardangeli, Director | ||
Denis McGlynn, CEO and President Executive Director and Member of Executive Committee | ||
Timothy Horne, Chief Financial Officer, Senior Vice President - Finance, Director | ||
Klaus Belohoubek, Senior Vice President, General Counsel, Secretary | ||
Jeffrey Rollins, Independent Director | ||
Richard Struthers, Independent Director | ||
Thomas Wintermantel, Vice President, Treasurer, Secretary | ||
Patrick Bagley, Independent Director | ||
Henry Tippie, Independent Chairman of the Board | ||
Radcliffe Hastings, Director | ||
Michael Tatoian, Chief Operating Officer, Executive Vice President, Director | ||
R Hastings, Independent Director |
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 Motorsports 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 | 16.41 | |||
Return On Asset | 4.67 | |||
Profit Margin | 24.86 % | |||
Operating Margin | 14.01 % | |||
Current Valuation | 127.2 M | |||
Shares Outstanding | 17.91 M | |||
Shares Owned By Insiders | 14.82 % | |||
Shares Owned By Institutions | 31.17 % | |||
Number Of Shares Shorted | 31.11 K | |||
Price To Earning | 10.31 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dover Motorsports in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dover Motorsports' short interest history, or implied volatility extrapolated from Dover Motorsports options trading.
Pair Trading with Dover Motorsports
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 Motorsports 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 Motorsports 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 real. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Dover Stock
If you are still planning to invest in Dover Motorsports 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 Motorsports' history and understand the potential risks before investing.
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