Canterbury Park Holding Corporation is the holding company for and parent company of two subsidiaries, Canterbury Park Entertainment LLC (Canterbury Entertainment) and Canterbury Development (Canterbury Development) and Canterbury Park Concessions, Inc. Co. has four segments: horse racing, Casino, food and beverage, and real estate development. The horse racing segment represents its pari-mutuel wagering operations on simulcast and live horse races. The Casino segment represents its unbanked card operations. The food and beverage segment includes concessions, catering and events and services provided at the Racetrack. We show 50 historical shares outstanding datapoints in our CPHC shares outstanding history coverage, used to compute CPHC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CPHC market cap history over the course of time is important for investors
interested in comparing CPHC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CPHC versus a peer is one thing; comparing
CPHC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CPHC can fluctuate over the course of history.
With this page we aim to empower investors researching CPHC by allowing them to research the CPHC market cap history. |
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Video: The Importance of Market Cap
