Silverleaf Resorts Inc., with headquarter in Dallas, Texas, engages in developing, acquiring and marketing timeshare resorts. The business operations started in 1989 with the opening of properties in Texas and Missouri.
Presently company has grown to own and operate 13 locations in 6 different states. Locations are separated in two distinctive marketing segments. Under the first one are “gateway resorts” targeted toward short-stay vacationers and located close to major cities like Chicago, Houston, Dallas and St. Louis. The second group includes “destination resorts” that are strategically positioned near internationally recognized tourist destinations in Florida, Texas, Missouri, and Massachusetts.
Since 1997, the company has become public, and consequently started to report its financial results with the respect to the SEC regulation. That helped company to obtain sufficient capital for building its timeshare properties through stock and debt placements.
Currently it trades on NASDQ under the SVLF ticker symbol. With the last reporting, company’s 1st quarter of 2009 revenue stood at $63 million of which $4.5 million was declared as net profit.
Its 3,000+ member work force work under the management’s principles of concentrating on four distinguishing principles of giving value, variety, convenience and flexibility to all customers. Those factors help company build a base of over 100,000 clients.
In the most recent news, the company stated in the March of 2009 that it closed a deal to refinance some of its old debt with Grace Brothers, Ltd., the Chicago based company which also owns 18.6% of the Silverleaf outstanding stock. Outstanding debt is still calculated to be $392.98 million.
It is widely believed within financial circles that companies with vacations depended revenues might experience further turbulence if present economical crisis becomes prolonged. However, existing company’s earnings and current cash reserves of over $7 million might offer a necessary cushion to outlast presently damaging economical recession.
The Better Business Bureau rating for Silverleaf Resorts: A-
Silverleaf Resorts are publicly traded on the NASDAQ associated with the ticker symbol: SVLF
For more information please visit Silverleaf Resort’s website: http://www.silverleafresorts.com/
Apex Professionals, LLC is not affiliated with Silverleaf Resorts in any way.
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