Speedway Motorsports, Inc. (TRK)

OldEnglish (27.62) Submitted: 8/12/2009 10:18:08 PM : Start Price: $13.46 TRK Score: +8.64

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.

NiteRanger0 (62.79) Submitted: 5/12/2009 11:58:32 AM : Start Price: $16.71 TRK Score: -25.22

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?

OmiKell (59.06) Submitted: 5/5/2009 11:28:47 AM : Start Price: $15.09 TRK Score: +14.89

Timing Everyday

mtinvest (30.76) Submitted: 5/1/2009 3:35:18 PM : Start Price: $14.65 TRK Score: -15.57

Speedway Motorsports owns and manages race tracks on the NASCAR Sprint Cup Series (the top racing series of the NASCAR).

B2C business model of a luxury product. That it is a luxury product might explain the CAPS rating of only 1 star.

Turbolover (79.06) Submitted: 4/17/2009 10:54:20 AM : Start Price: $11.53 TRK Score: -6.42

I try not to get emotional about investing, but the 17% run-up on TRK over the past week makes me want to get out the idiot flag and start waving it on Wall Street. The most recent news:

"International Speedway Corp. slashed its full-year adjusted profit and revenue forecasts Tuesday on softening economic conditions.

The motor sports company now expects adjusted earnings of $1.80 to $2 per share on revenue of $700 million to $720 million. It previously predicted an adjusted profit of $2.35 to $2.45 per share on revenue of $745 million to $765 million."

I understand that good companies can face downtimes, and a well executed move can help. However, "The company also said it is "more comfortable" at the low end of its updated forecasts."

TRK missed expected earnings, slashed the outlook, and said it expects to come in at the low end of the new lower expectations. How does the street react? A 17% runup! I really don't understand this one.

Stickerstev (87.22) Submitted: 1/22/2009 7:27:07 PM : Start Price: $14.17 TRK Score: +23.34

Priced themselves up to the real world. No longer imune to the economic problems.

meachamizer (< 20) Submitted: 6/17/2008 3:47:17 PM : Start Price: $23.07 TRK Score: -13.43

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.

betabata (< 20) Submitted: 3/12/2008 3:37:06 PM : Start Price: $24.48 TRK Score: -20.60

nascar season starts

AwesomeIndex (76.38) Submitted: 8/20/2007 10:38:44 PM : Start Price: $35.37 TRK Score: -34.29

Yep, Awesome