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0 -0.00424628450106148 -0.0063694267515923 -0.00424628450106148 -0.00583864118895963 0.00106157112526548 0.00106157112526548 0
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International Speedway: Q4 Is Better, But Not Good Enough [Seeking Alpha]

INTL SPEEDWAY (ISCA)  More Company Research Source: Seeking Alpha
Last intl speedway earnings: 4/3 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.internationalspeedwaycorporation.com
PDF International Speedway: Q4 Is Better, But Not Good EnoughSummaryI've been fighting the tide on ISCA - and losing, with the stock jumping after Q4 results on Thursday.A lower tax rate helps, but the core issue of declining NASCAR interest remains.Q4 numbers were good, with attendance appearing to rise for the first time in several years.But what growth ISC is driving still is being bought, and there's no reason for any growth to be baked into multiples here.The structural problems with shorting may be too much to overcome, particularly in this market - but the stock still looks significantly overvalued. [Read more]

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