IRVINE, Calif., Aug. 19, 2010 (GLOBE NEWSWIRE) -- The recent flurry of share buyback announcements by a variety of American companies may be an indicator of an increasingly optimistic sentiment. Quarter after quarter of economic turmoil is now giving way to a decidedly more positive outlook as companies seek ways of deploying cash from buxom balance sheets.
Stock buybacks reward current shareholders with improved value of existing stock through a reduction in the total number of shares outstanding. This is the thinking behind a recent announcement by Dale Jarrett Racing Adventure, Inc. (OTCBB:DJRT), indicating that it had now purchased over 670,000 shares in a company buyback of its shares.
No investor knows a company as well as the company itself. So it's a particularly bullish sign when a company believes that its own shares are the best investment for its precious resources. Over the last year DJRT has continued to show its confidence through purchases of its own stock and it plans to continue doing so; a bullish sign indeed.
And the momentum at Dale Jarrett Racing Adventure is growing with its first fiscal quarter showing record revenues and gross profits - DJRT is marching toward profitability. SmallCapVoice.com recently interviewed Tim Shannon, president of DJRT. Hear the interview at http://smallcapvoice.com/blog/8-13-10-audio-interview-with-dale-jarrett-racing-adventure-inc-otcbb-djrt/
View a profile on DJRT here: http://www.stockupticks.com
The Dale Jarrett Racing Adventure offers racing fans the opportunity to race an authentic race car on a major racetrack. DJRT's racing "adventurers" enjoy a life-defining experience. They receive vital training from top racing instructors, wear real racing suits and safety gear, and pilot a race car that was once driven by one of the racing greats. Hand signals from the instructor teach you to race like the pros. DJRT surpasses "follow-the-leader" approaches and teaches guests to race like NASCAR drivers, find the line, draft, and pass for optimum fun. Its 100% safety record and numerous celebrity endorsements testify to the excitement and unforgettable thrill of our racing adventure. Company website: http://www.RacingAdventure.com
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SectorWatch.biz is property of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project any outcome. This report is neither a solicitation to buy nor offer to sell securities but is for information purposes only and shouldn't be used as a basis for any investment decision. MP isn't an investment advisor, analyst or licensed broker/dealer and this report isn't investment advice. MP has been paid twelve thousand dollars by Dale Jarrett Racing Adventure, Inc. for preparation and distribution of this report and other advertising services. This constitutes a conflict of interest as to MP's ability to remain objective in communication regarding subject companies.