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$15.10 0.01 (0.07%)
10/10/2008 4:04 PM

Speedway Motorsports, Inc. (TRK)

CAPS Rating:
**

A promoter, marketer and sponsor of motor sports activities. Provides event food, beverage and souvenir merchandising services. Also manufactures and distributes smaller-scale modified racing cars and parts.

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Avatar meachamizer (< 20) Submitted: 6/17/08 3:47 PM : Outperform Start Price: $24.18 TRK Score: -2.80

This Speedway Motorsports stock is rebounding from a three month high in May 2008 and a drop from $40 in June of 2007. It's now at one of its lowest points in a year, and is on a nice upswing -- ideally back to May or earlier levels. Indeed, motorsports tend to do well in areas like the Midwest and what is predicted to be a growing amount of blue collar areas within the U.S. as manufacturing once again returns from overseas to rural America. Speedway competes with other stocks like carnival stocks, another area that does well in rural America as people pinching their purse strings take a "staycation" this year rather then heading to Six Flags.

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