Mon, Jul 14, 2014, 6:41 AM EDT - U.S. Markets open in 2 hrs 49 mins

Recent

% | $
Quotes you view appear here for quick access.

International Speedway Corp. Message Board

  • adspatz adspatz Oct 3, 2013 11:03 AM Flag

    International Speedway sustains $13.1M loss

    Search for "SEC Live Filings Digest" to find out more.
    International Speedway Corp. (ISCA) announced its third quarter financial results for the fiscal year 2013, reporting a $13.1M operating loss. The company owns and operates 13 major motorsports entertainment facilities including Daytona, Talladega, Richmond, and several other notable speedways. Revenue for the quarter was up slightly from $115.9M to $117.0M, while its operating loss grew from $0.7M a year ago to $13.1M. During the quarter the company recognized some charges and accelerated depreciation, which led to a greater operating loss. If these charges were excluded, International Speedway would have reported net income of $2.3M, or $0.05 earnings per share. CEO Lesa Kennedy commented that results were within expectations, attendance was down less than one percent, and the charges and transactions this quarter are helping to better position the company for the long term.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • They still can generate cash, so no real danger. Problem is, they are still a small company. They do not even have a billion in revenue. Their stock is closely held. There are still problems with attendance and fan interest. TV revenue and the casino are the bright spots. Balance sheet is solid really. I still think its a 12-15 dollar stock. The yield is way too low. PE way too high.

 
ISCA
32.95-0.08(-0.24%)Jul 11 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.