BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Hitting the apex: International Speedway meets estimates]]>http://www.bloggingstocks.com/2009/07/07/hitting-the-apex-international-speedway-isca-meets-estimates/http://www.bloggingstocks.com/2009/07/07/hitting-the-apex-international-speedway-isca-meets-estimates/http://www.bloggingstocks.com/2009/07/07/hitting-the-apex-international-speedway-isca-meets-estimates/#commentsFiled under:

International Speedway (ISCA) stockIn auto racing, drivers try to hit their apexes, meaning they try to drive their cars with such precision that they can hit the exact spot -- within inches -- on the racetrack each lap.

By consistently hitting their apexes, drivers are able to achieve their fastest possible lap times, and being able to turn the fastest lap times puts the driver in the best position to win.

Today, the premier racing company in the country, International Speedway Corp. (NASDAQ: ISCA), hit its Q2 earnings apex.

On the surface, the news didn't look good. The company posted a $31.7 million loss for the second quarter. But it was not just falling revenue that affected International Speedway, which is to be expected from an entertainment company in a soft economy.

Continue reading Hitting the apex: International Speedway meets estimates

Hitting the apex: International Speedway meets estimates originally appeared on BloggingStocks on Tue, 07 Jul 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>entertainment stocksEntertainmentStocksInternational SpeedwayInternationalSpeedwayISCAjim woodsJimWoodsTue, 07 Jul 2009 17:00:00 EST<![CDATA[Analyst initiations: WAG, CCI, GNA, TER, ISCA and BC]]>http://www.bloggingstocks.com/2008/05/20/analyst-initiations-wag-cci-gna-ter-isca-and-bc/http://www.bloggingstocks.com/2008/05/20/analyst-initiations-wag-cci-gna-ter-isca-and-bc/http://www.bloggingstocks.com/2008/05/20/analyst-initiations-wag-cci-gna-ter-isca-and-bc/#commentsFiled under: , ,

MOST NOTEWORTHY: Walgreen, Crown Castle and Brunswick were today's noteworthy initiations:
  • Thomas Weisel started shares of Walgreen (NYSE: WAG) with an Overweight rating and $43 target. The firm is positive on WAG's steady cash flow and solid growth profile.
  • Merriman believes Crown Castle (NYSE: CCI) is a core wireless holding given its high-margin, predictable recurring revenue model. They believe shares can trade to the $49-$51 range assuming management continues to execute on its free cash flow growth target. Shares were assumed with a Buy rating.
  • KeyBanc initiated Brunswick (NYSE: BC) with a Hold rating and expects the recreational marine market to be challenging given weakening consumer spending trends.
OTHER INITIATIONS:

Analyst initiations: WAG, CCI, GNA, TER, ISCA and BC originally appeared on BloggingStocks on Tue, 20 May 2008 12:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bcbrunswickccicrown castleCrownCastlegerdaugnainitiationinternational speedwayInternationalSpeedwayiscaterteradynewagwalgreenTue, 20 May 2008 12:25:00 EST<![CDATA[Coke outmaneuvers Pepsi to the checkered flag]]>http://www.bloggingstocks.com/2007/07/10/coke-outmaneuvers-pepsi-to-the-checkered-flag/http://www.bloggingstocks.com/2007/07/10/coke-outmaneuvers-pepsi-to-the-checkered-flag/http://www.bloggingstocks.com/2007/07/10/coke-outmaneuvers-pepsi-to-the-checkered-flag/#commentsFiled under: , , , , ,

Starting next year, the International Speedway Corp (NASDAQ: ISCA, ISCB) will end its 50-year relationship with Pepsi, a division of PepsiCo (NYSE: PEP), and launch a new, 10 year contract with its arch-rival, Coca-Cola (NYSE: KO).

The deal is estimated to earn Coke $50M a year over the next 10 years, with all of Coca-Cola's North American brands exclusively on sale in ISC's 10 racetracks. More importantly, Coca-Cola will gain thousands of hours of face time in front of millions of loyal sports fans. Coke will also take over the historic Pepsi 400 at Daytona, which had ties to Daytona's first event back in 1959.

The move to Coke comes as NASCAR was starting to gain popularity outside the boundaries of the Mason-Dixon line.

Coca-Cola isn't new to NASCAR. The soft-drink giant already has a contract with the six Speedway Motorsports (NYSE: TRK) tracks and continues to sponsor several drivers, including Tony Stewart, Denny Hamlin, Jeff Burton, Carl Edwards and Kevin Harvick. Taking the ISC contract from Pepsi now gives Coke majority control of non-alcoholic beverages at most of NASCAR's tracks.

Pepsi's not completely out of the race though. The soft-drink maker will still have an affiliation with NASCAR, maintaining a link to ISC through its parent company PepsiCo, whose Gatorade name will remain the title sponsor for victory lane at all ISC tracks. Pepsi will also continue to sponsor Hendrick Motorsports and driver Jeff Gordon.

Coke outmaneuvers Pepsi to the checkered flag originally appeared on BloggingStocks on Tue, 10 Jul 2007 13:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>coca-colacokedaytonainternational speedwayInternationalSpeedwayiscaiscbjeff gordonJeffGordonkonascarpeppepsiracecarspeedway motorsportsSpeedwayMotorsportstheflyonthewall.comtrkTue, 10 Jul 2007 13:40:00 EST