Angelo
Nitro Member
I must have had you confused with a different Alan that announces for the NHRA. Sorry, my mistake, please keep those jokes coming Alan. You know we love them!!!!
Well someone doesn't like the HD deal (1 Viewer)
- Thread starter john
- Start date
I must have had you confused with a different Alan that announces for the NHRA. Sorry, my mistake, please keep those jokes coming Alan. You know we love them!!!!
Buddy
Nitro Member
David, someone already explained on that thread that the names on that list do not mean they invest in the company... It was just a list of people that were involved in the conference call (speakers and subjects)... Otherwise there is a man named Reilly Thundervalley :-D!!! Jealeous that Reilly gets thunder in his name and I get "singer"... lol
CJ Curtsinger
I'm not concerned about the agents rumors, after all, just look at the source... It's coming from the National Enquirer of drag racing and the agent never lets the truth get in the way of a good story.
Quite funny Angelo...
Thrill
Nitro Member
talking to some 'informed' people in the corporate world the fact that this sale went down for not much more than the approximate property value acquired raises questions. i know this issue has been raised before, but they didn't put much value at all on the NHRA Pro Series.
this man of the corporate world who occasionally drag races also said don't be surprised if the 'deal' changes several times before it's final. while he wasn't looking at the deal itself, he stated more than likely what's being reported on as the 'deal' is the 'intent to buy' and that details could change when the final deal went through..
i'm not slamming this deal, i'm just scratching my head looking for what i may be missing.
if they buy nhra for a little bit of nothing, then start selling it at it's 'real' value...maybe a ploy to get stocks to go up?
maybe our tracks and our series wasn't worth that much???
if that's the case, who's gonna buy that stock?
this man of the corporate world who occasionally drag races also said don't be surprised if the 'deal' changes several times before it's final. while he wasn't looking at the deal itself, he stated more than likely what's being reported on as the 'deal' is the 'intent to buy' and that details could change when the final deal went through..
i'm not slamming this deal, i'm just scratching my head looking for what i may be missing.
if they buy nhra for a little bit of nothing, then start selling it at it's 'real' value...maybe a ploy to get stocks to go up?
maybe our tracks and our series wasn't worth that much???
if that's the case, who's gonna buy that stock?
With the same people running the show I don't see where the change will happen. If they are buying it to grow it then some change is needed, new ideas and such will not come from the same group (not a knock on them but any group in this situation)
I want to be optimistic of the deal but so much doesn't seem right.
I want to be optimistic of the deal but so much doesn't seem right.
Cymon Sez
Nitro Member
They way I look at this is.
You have a AMC Pacer (current NHRA staff) its looking its age and ratty, has an exhaust leak, ripped/faded interior, bald tires (no pun intended), leaks oil and barely runs.
You take it to the mechanic, body shop and interior specialist to get repaired.
All looks well and works fine but you still have a PACER in the end.
We need a bigger change than this.
You have a AMC Pacer (current NHRA staff) its looking its age and ratty, has an exhaust leak, ripped/faded interior, bald tires (no pun intended), leaks oil and barely runs.
You take it to the mechanic, body shop and interior specialist to get repaired.
All looks well and works fine but you still have a PACER in the end.
We need a bigger change than this.
Also, if I'm not mistaken, this whole deal will take most of the rest of this year to finalize. Personally, I think there's way more going on here then we know about. I don't trust the bean-counters at NHRA as far as one could throw them. There is virtually no one in command who has any idea of the history and glory of drag racing. They have no regard for anyone or anything except their wallet and making it fatter. This new group won't be any better, IMHO. It's all politics & BS....gee, sounds like our government, huh.
I questioned the valuation given to this deal from the start. I also would be afraid to have the future of the sport in the hands of people who are only using it as a means to enhance shareholder value (aka stock price). I've posted elsewhere that in a heartbeat these guys could decide they want to off the proprties (tracks) to generate revenue, and in an instant a couple of legendary tracks are gone. I like Jay's post. I think leadership here is the key. The sport just needs someone who has a vision and a passion to market the sport better than is being done. I don't see this deal as the answer to everyone's prayers.
mick
Nitro Member
I am not an expert on
investment groups, but I do know a lot of business in this world
is financed by them and financed for future capital growth/profit.
If a company, group, or individual is looking to expand their business
and needs capital to do it; usually you find investment groups
taking a look at not only the business model, but those who run it; and often
the investment group is not concerned so much with the day to day
profits, but the capital growth of the company over a set period of years.
(we bought it at $100, we can sell it for $500....only talk in millions of $'s)
When the investment group wants to recoup their initial investment + profit,
often they will take 'company x' public. the public buys the stock as the company has a track record of profitability, the original company still exists and is improved due to this influx of capital over a set period, and the investors walk away with a healthy return on their investment.
is this what's happening with NHRA - don't know; wouldn't think
it would be a bad thing if it was.
investment groups, but I do know a lot of business in this world
is financed by them and financed for future capital growth/profit.
If a company, group, or individual is looking to expand their business
and needs capital to do it; usually you find investment groups
taking a look at not only the business model, but those who run it; and often
the investment group is not concerned so much with the day to day
profits, but the capital growth of the company over a set period of years.
(we bought it at $100, we can sell it for $500....only talk in millions of $'s)
When the investment group wants to recoup their initial investment + profit,
often they will take 'company x' public. the public buys the stock as the company has a track record of profitability, the original company still exists and is improved due to this influx of capital over a set period, and the investors walk away with a healthy return on their investment.
is this what's happening with NHRA - don't know; wouldn't think
it would be a bad thing if it was.
