There are several reasons to consider an investment in Dover Motorsports, Inc. The first reason is that the speedway is the only track in the entire NASCAR Sprint Cup Series that is still independently held, meaning not owned by the following public companies: TRK and/or ISC.A. This makes DVD ripe for a takeover at any time. NASCAR has recently demonstrated that they're willing to purchase a track, evidenced by last summer's takeover of Iowa Speedway. Second, DVD is closely held and controlled by a family trust. In essence, this aligns the family's interest with stockholders' interest. Third, the market cap of the company is 90 million dollars, small enough for a cash or stock offer. Additionally, its valuable assets are presented on a historical cost basis - the land alone could reasonably be valued higher. Fourth, the company pays a dividend of a nickel per share. Many small caps don't even pay a dividend. So you are being compensated to wait. Finally, the management of DVD has closed their unprofitable ventures to focus exclusively on Dover Motorsports' core business. NASCAR has negotiated a long-running television and cable package that benefits the member tracks immensely.
Disclosure: I am long DVD.