Focus on Entertainment Stocks
Spotlight on Dick Clark Productions Inc.: “We’re very methodical and conservative when deciding on the company’s future projects--in fact, our investments are almost riskless,” said Chairman Dick Clark. “We’re going to continue to develop our core television business, because that’s our foundation block. We’ll do two or three telepictures a year, because that’s only an adjunct to our core business.” This has translated to the bottom line: Revenue is up 18.7% compared to last year and profit is up 4%.
Major Properties
* TV specials: American Music Awards, Academy of Country Music Awards, Golden Globe Awards
* Corporate productions: Sales meetings, event marketing, stadium shows
* Restaurants: American Bandstand Grill in Kansas City, Kan.
Financial Data
* Market capitalization: $47.5 million
* Cash: $27.6 million
* Long-term debt: None
* 1993 revenue: $43.4 million
* 1993 profit: $3.2 million
* Earnings per share: $0.39
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