Speedway Motorsports, Inc. (NYSE:TRK)
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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Motor sports?
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could be some value here
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After seeing CNBC's fine NASCAR plug, I'm not at all worried that this pathetic fad is dying in the midst of a depression. '...souvenir merchandising..." If you want a souvenir, get a copy of an old Wall Street Journal reporting US economic growth of >3% after accounting for inflation and government expansion. That's an event you won't see again. If you must, draw a big red "8" on it and say "Vroom, vroom" while eating barbecue.
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I've TRK for quite a while and when it hits, boy, does it hit. I bought in at $11.08 and rode it to $20.10 last week. It follows the market a little but it outperforms it as well. And we are in the middle of NASCAR season so, why not?
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Timing Everyday
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Priced themselves up to the real world. No longer imune to the economic problems.
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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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nascar season starts
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Yep, Awesome
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Too specialized a product?
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