We're watching these profitable and highly rated companies closely
Every quarter, we publish the latest version of The Bowser Database. We update companies already in the document and add new companies. The October 2015 Database published earlier this week with 10 new companies. Of those 10, two are profitable and highly rated. Check out our initial analysis below:
1. Dover Motorsports (DVD)
Dover Motorsports is a motorsports entertainment company based in Dover, Delaware. The company owns Dover International speedway, a 770 acre property in Dover, and Nashville Superspeedway, a 1,400 acre property in Wilson County and Rutherford County, Tennessee. DVD's business is very seasonal, with the most recent first and fourth quarters turning in a combined $170,000 in sales and a $2.8 million loss. The other quarters have combined for $46.4 million in sales and $8.1 million in net income.
Over the past 12 months, Dover Motorsports has done $46.6 million in sales, which includes a 4.6% increase in the most recent quarter. From fiscal 2011 to fiscal 2014, sales decreased 12%. However, over the past six months, revenues appear to have turned around, up 4% during that period.
Despite the downward trend in sales, Dover's net income has stayed positive over the past three fiscal years. In fact, earnings increased in fiscal 2014 and are up 6% so far in fiscal 2015. And, earnings increased 13% in the most recent quarter.
Dover Motorsports received positive marks for minimal long-term debt ($2.8 million) and a current assets-to-liabilities ratio of 2.4-to-1, indicating financial strength. The company's book value of $1.39 is below its current share price. However, companies in the hotels, restaurants and leisure industry trade for 8.3 times book value, but DVD only trades for 1.6 times its book.
Dover Motorsports has 18.2 million shares outstanding. Insiders hold 14.25% of the total shares, while institutions hold 57.4%. The company has a float of 15.6 million shares. Over the past twelve months, DVD has paid $0.05 per share in dividends, the last of which was paid on December 10, 2014. This was an annual dividend.
BOWSER RATING: 10
Hampton Roads Bankshares (HMPR)
Hampton Roads Bankshares is the bank holding company for Bank of Hampton Roads and Shore Bank. These banks provide community banking solutions to individuals and small to medium-sized businesses in the Mid-Atlantic region. HMPR is based in Virginia Beach, Virginia and has almost $2 billion in assets.
Over the past twelve months, HMPR has generated $86.1 million in revenues. Since the end of fiscal 2012, Hampton Roads Bankshares' revenues have hit a high of $102.4 million (fiscal 2013), but receded annually since then. However, for the most recent quarter, HMPR posted a 15.6% increase in revenues. Sales are also up considerably for the first six months of fiscal 2015.
HMPR's has trailing twelve month earnings of $7.1 million, which are up considerably from fiscal 2012, when the company posted a $25.1 million loss. Earnings are down for the first six months of fiscal 2015, having decreased 21%. However, they increased 16% in the most recent quarter.
As mentioned above, HMPR has $2 billion in assets, compared to $1.8 billion in liabilities. The company has no long-term debt. With a book value of $1.19, the company is trading above its book. And, compared to the industry average of 0.9 times book, HMPR's shares are overvalued, trading at 1.6 times book.
Hampton Roads Bankshares has a huge amount of shares outstanding (170.7 million), but insiders hold 55.1% of the shares and institutions hold another 10.4%. Despite almost 171 million shares out, HMPR has a float of just 34.2 million.
BOWSER RATING: 8
Adding companies to our Database is one of many ways that we discover and track quality, low-priced companies. To see what other companies we added to The Bowser Database please check out the latest issue. To find out which companies we think are the best of the best, please subscribe to our services, which include a monthly stock pick, monthly/weekly/daily updates and more!
Keep in mind that this is our preliminary analysis above. These are not recommendations. Always conduct your own due diligence before making an investment decision.
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