CDWN - Colonial Downs (1st Horse Track in VA since 1800s) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: freelyhovering who wrote (72)	8/29/1997 8:31:00 AM
From: H.J. Schellenberg	of 158

Obewon, et al. "Everything worth having involves risk" Risk and reward are tied by the hip in the stock market. . OJ Peterson is a financial wizard responsible for the turnaround of Maryland Jockey Club. Everything you have said is true to a point: TRUE: Tracks are money-losers. BUT: The CD track was built small to be a break even operation, the serious earnings are in the OTBs. TRUE: The two OTBs were late opening. BUT, they are both very successful operations; the average bet is over $200, compared to the nationwide average of $60. TRUE: The stock is a long-shot. BUT: If CDWN wins, it is a 20-bagger in 3 years. TRUE: Laurel and Pimlico have had their troubles, casino gambling is often cited as a way to make them work. BUT: Adding casino gambling to CDWN stock would make it even more profitable. TRUE: Richmond is smaller than other areas having trouble keeping racing afloat. BUT: Virginia is horse country, Richmond is old money. CDWN has a 5-year monopoly. The bottom line is, as always: "You place your bet, you take your chances".

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next