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Matthew Horowitz is a CPA based in the Mid-Atlantic area, working with businesses and individuals. Service oriented, with an emphasis on client planning services, quickbooks services, and all things tax. Away from the office, spends time on the tennis court. Has a nice rock music collection... More
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  • DVD: Racing To The Green

    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.

    Jan 10 9:59 PM | Link | Comment!
  • T. Rowe Price - A Charm City Investment

    As I write this post, shares of T. Rowe Price (Trow) are up 21% year-to-date. This follows 2012's stellar 18.48% return. A well managed firm led by a senior management team, TROW is a hold til forever stock in our opinion. Here are five reasons to own the stock:

    1). TROW currently pays a 1.94% dividend. The company has paid dividends every year since 1978.

    2). TROW's Return on Equity (ROE) is a stellar 24%.

    3). TROW has no significant debt on its balance sheet. All liabilities are short term.

    4). TROW is led by Brian Rogers and James Kennedy. These individuals have been in place for decades. Mr. Rogers track record managing mutual funds has been phenomenal.

    5). Assets under management have risen to a current 617 billion, up from 577 billion at December 31, 2012. TROW's profit has risen 22% since the previous quarter.

    Disclosure: I am long TROW.

    Tags: TROW, Financial
    May 18 7:15 PM | Link | Comment!
  • Unitil's Electrifying Prospects

    We like the shares of Unitil at it's current price for the following reasons: The Northeastern U.S. has been a hotbed of utility merger activity with the likes of Central Vermont Public and CH Energy being acquired recently. We like Unitil's 5.03% yield which compares favorably with the higher-yielding utilities, but without the added risk. Third, while virtually all of Unitil's business is regulated, we have been favoring highly regulated utilities since before the fall of Enron. Unitil also has no nuclear facilities, which is another of our investment criterion. Recently Unitil's rate increase requests were granted, as expected. When doing your own due diligence, please note that the sharp decrease in UTL price was due to a secondary issue coming to market during mid-May. In summary, the company, while only posting flat revenues and a higher than average P.E. is poised to look stronger after the rate increases take effect -- also the mild spring weather during 2012 surely will not be repeated anytime soon. In summary, this is an accumulate-until-acquisition investment.

    Disclosure: I am long UTL.

    Tags: UTL, Utilities
    Sep 27 6:33 PM | Link | Comment!
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