SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : CDWN - Colonial Downs (1st Horse Track in VA since 1800s)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dave luken who wrote (16)8/1/1997 10:28:00 AM
From: H.J. Schellenberg   of 158
 
DAVE - I looked at PENN at your request. It is the only company I have looked at that is similar to Colonial Downs and can serve as a model for CDWN stock. Here's what I found out:

1. PENN is a high growth stock trading at $15-$20/share with a P/E of 37. However, PENN has twice the capitalization of CDWN (15 million shares vs. 7.4) and PENN only earned 30 plus cents in the last FY (their 4th as a public company).

The consensus estimate for CDWN this FY is 30 plus cents, same as PENN last year. I found this VERY EXCITING! Since both stocks are in the same industry, this leads me to believe that CDWN should be trading at $15-20.00/share now ! However, I feel CDWN is a better company and should command a P/E that is higher.

If we take the implied earnings of CDWN in FY 98 (.90 plus cents) and multiply that by a P/E of 37, we see the estimated value of CDWN stock is about $33.00 a share one year from now.

All together, this is great news for CDWN shareholders. Thanks for bringing this to my attention.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News