HISTORY (The Family Business) Short Version -- Founded by Dale and Ned Jarrett who are still actively involved as well as Green bay Packers Brett Favre and NASCAR driver Joe Nemecheck who are original investors & current big shareholders along with the founder CEO, formally an executive from IBM.
--full year 2006 announced recently that it will be profitable. 3rd quarter in a row of profitability but for 2006 to be profitable, the 4th Q report must be a monster, with an absolute minimum of +.01 EPS in order to achieve this. EPS might be reported as .02-.03+ for the quarter (which is insane for a .33 stock) since sales for one weekend in Oct. was equal to 50% of the entire quarter last year --SG&A costs have been shrinking shrinking even while sales climb --gross margins healthy and have benefited from cheaper fuel prices --2007 events already starting to sell out --mega expansion plans of the proven profitable concept --dilution has been minimal since it began trading 7 years ago
Another hint about 4th quarter... 9/30/05 -- "Deferred revenue 436,807" 9/30/06 -- "Deferred revenue 694,020" <~~~ 59% increase
Their Talladega Superspeedway racetrack, the best one they have, was closed most of 2006 until the 4th quarter. The 4th quarter 2006 and the fully year 2007 are shaping up for some incredible sales and earnings. I wouldn't be surprised if they earn .10 to .15 EPS in 2007. PE of 20 = $2.00 to $3.00 http://www.talladegasuperspeedway.com/news/track_news/522290.html
From Website: The Dale Jarrett Racing Adventure is unique because we start with the real thing. Authentic stock cars. Other racing schools and simulated "experiences" use Nextel style cars and race replicas. The Dale Jarrett Racing Adventure lets you drive real life Nextel/Busch series stock cars used at actual NASCAR tracks throughout the United States. This is your chance to get behind the wheel of the same cars driven by racing champions Dale Jarrett, Michael Waltrip, Bobby Labonte and more. Since these are real race cars, and we encourage real racing. Maneuvers like passing, drafting, and dropping the hammer are all part of the adventure.
1-888-GO-RACE-1 Dale Jarrett Racing Adventure 120A North Main Avenue Newton, NC 28658 828.466.8837 local
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