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ISCA - Dover Motorsports: The Deep Value Case Gets A Bit More Intriguing
International Speedway Corporation
For years now, there's been the outline of a deep value case for Dover Motorsports (DVD). The company's namesake NASCAR track in Delaware has some value, particularly with a lucrative media deal in place until 2025. Dover also owns over 1,000 acres of land near Nashville, the site of a track which closed after the 2011 season.
It's a case I've kept an eye on going back to 2014, when Dover first reached an agreement to sell the Nashville property. But as I wrote last year, there have been just enough concerns to