As the owner and operator of eight racing facilities, Speedway Motorsports' (TRK) business is heavily tied to the popularity of racing, particularly NASCAR. Since October 2014, TRK is up more than 21%, despite the business being in steep decline since 2008. Shrinking revenues, large fixed costs and an overall decline in NASCAR attendance have Speedway Motorsports crashing into the danger zone this week.
As the owner and operator of eight racing facilities, Speedway Motorsports' (TRK) business is heavily tied to the popularity of racing, particularly NASCAR. Since October 2014, TRK is up more than 21%, despite the business being in steep decline since 2008. Shrinking revenues, large fixed costs and an overall decline in NASCAR attendance have Speedway Motorsports crashing into the danger zone this week.
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