I realize it hit a high Jan 2014. But here we are 2$-ish less than that in FEB at the beginning of the race season. Then as I am thinking this... the pps pulls a double bottom and takes off .50... LOL.
Anyway, I am just not convinced this is where I would want to get in at... I truly believe at some point the nasty cycle of business will catch up to the stock price and it will drop < $30 at some point and hold at those levels for a while. Yes, most of ISCA revenues come from sponsorship dollars, but if there revenue earnings every weekend keeps dropping as it still does from race to race, again because NASCAR can't fill the stands anymore, I have a hard time believing it won't/can't affect the pps sometime in the future. You can't be losing an average of 30000-40000 seats per race and keep reporting your making money at each venue which they own/operate... in the same manner as you were...say 2008 and prior. It truly doesn't make sense to me. I am sure they have adjusted projections and expectations on the balance sheet, but the operating costs for the tracks isn't coming down...its continuing to increase... the current attendance levels are doing nothing to help defer that expense. So I am just not sure...that's all I am saying. Not a basher/pumper... just learning from my mistakes and sitting here watching what happens for a bit longer.
It definitely won't tank < 20$ p/share... but I don't see it holding > 30$ either over the next 18 months. If I am wrong I am wrong and will happy to see a jump that is positive for those already in. Anyway, JMO... not trying to be arguementative.
GLTA
