Parks Amer Stock Price, News & Analysis

Parks! America, Inc., historically trading under the symbol PRKAD on the OTCQX market, is described in its public disclosures as a company that, through its wholly owned subsidiaries, owns and operates three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets in the United States. The company manages its operations on an individual park location basis and reports financial information for each of its Georgia, Missouri and Texas park locations as separate reportable segments.

According to its news releases, Parks! America, Inc. presents segment data that includes total revenues, segment income and key operating expense categories for each safari park. These categories include costs related to animal food, merchandise and food, other revenue-driven costs, personnel costs, advertising and marketing, and other segment expenses. The company also discloses unallocated corporate expenses, depreciation and amortization, and other operating items at the consolidated level, providing investors with a view of how park-level performance reconciles to income or loss before income taxes.

The company’s segment reporting highlights its focus on regional safari park operations as the core of its business. Each park location contributes to consolidated results, and the company tracks capital expenditures, total assets, and cash and short-term investments by park and at the corporate level. This structure allows Parks! America, Inc. to present investors with information on how individual locations perform and how resources are allocated across its portfolio of entertainment assets.

Parks! America, Inc. has disclosed that it is engaged in the business of acquiring, developing and operating local and regional entertainment assets in the United States. This description indicates that, in addition to operating its existing safari parks, the company’s business model includes the potential acquisition and development of other entertainment properties that fit within its focus on local and regional attractions.

In its financial disclosures, the company provides details on capital expenditures at each park location, as well as consolidated totals. It also reports depreciation and amortization by park and corporate category, and presents data on total assets and total cash and short-term investments for each park and at the corporate level. These disclosures give investors insight into the company’s investment in its safari parks and the asset base that supports its operations.

The company’s news releases also reference contested proxy and related matters, tornado expenses and write-offs, legal settlements, other operating expenses, other income, and interest expense, which are included in reconciliations from consolidated segment income to income or loss before income taxes. This level of detail illustrates how park-level operating results are affected by corporate-level and non-recurring items.

In addition, Parks! America, Inc. has announced that its Board of Directors authorized a share repurchase program for its common stock. The program allows the company to repurchase up to a specified number of shares or a specified dollar amount of its common stock, with purchases funded using cash on hand. The company has stated that the share repurchase program does not obligate it to acquire any particular amount of common stock and may be suspended or discontinued at its discretion.

Public communications from the company also reference the availability of its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q through investor information sections of its websites. These reports provide additional detail on the company’s operations, financial condition and results, and are cited in the company’s news releases as the primary sources for a complete view of Parks! America, Inc. and its performance.

Business segments and operations

Parks! America, Inc. reports its operations by individual park location, identifying separate reportable segments for its Georgia, Missouri and Texas safari parks. For each of these segments, the company discloses total revenue, segment income or loss, and significant expense categories. The company also reports consolidated segment income and reconciles this measure to income or loss before income taxes by including corporate expenses, depreciation and amortization, and other items.

Additional segment data disclosed by the company includes depreciation and amortization by park and corporate category, capital expenditures at each park and in total, and total assets and cash and short-term investments by park and corporate category. The company also presents total assets less cash and short-term investments, providing another view of the asset base associated with each park and at the corporate level.

Stock and corporate actions

In its news releases, Parks! America, Inc. has described a share repurchase program authorized by its Board of Directors for its common stock. The program is structured to allow repurchases up to the lesser of a stated share amount or a stated dollar amount, funded from the company’s cash on hand. The company has emphasized that the program is discretionary and may be suspended or discontinued at any time.

Investor communications

The company regularly announces its quarterly and annual financial results through press releases that include segment-level tables and reconciliations to consolidated income or loss before income taxes. These releases often note that summary information should not be used as the sole basis for investment decisions and encourage shareholders to review the full Form 10-K or Form 10-Q for a more complete understanding of the company and its results.

Parks! America, Inc. also hosts conference calls to review its financial results for specific quarters and the full fiscal year. The company indicates that these calls are webcast and that transcripts are made available. Investors are invited to submit questions by email prior to the calls, and participants on the calls have the opportunity to ask questions directly.