Friday, May 04, 2007

Lone Wolves aren't thriving in NASCAR Nextel Cup Racing

No, I am not referring to the single car teams (this is true for them as well); but tracks like Pocono, New Hampshire and Dover.
Here's a link to a letter sent to Dover's Board of Directors:
The gentleman reminds us of a principle that is used to value companies: Is the organization worth more in liquidation (selling all or part of its assets) or in operation?