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JOURNAL ANALYSES SPORTS STOCK WINNERS AND LOSERS
Published January 18, 1996
In the "Heard on the Street" column in this morning's WALL STREET JOURNAL, Dave Kansas reports on sports-related investments, noting some big winners and losers on Wall Street. Kansas specifically notes Ascent Entertainment -- owners of the Avalanche and Nuggets (which has dropped 20% since its IPO) and Churchill Downs (down 21%) as poor investments. Among Kansas's winners: Speedway Motorsports, builder and operator of NASCAR tracks, which has risen 47% in the last year; Callaway Golf, up 28%; and Gaylord Entertainment, up 10% (WALL STREET JOURNAL, 1/18).