SBD/13/Sponsorships Advertising Marketing

SPEEDWAY MOTORSPORTS STOCK TAKES THE POLL POSITION

     Speedway Motorsports' stock jumped "significantly" yesterday
after the company reported "robust" annual and quarterly profits,
according to the FT. WORTH STAR-TELEGRAM.  The Bruton Smith-led
racing track operating company, whose holdings included the soon-
to-be-completed Texas Motor Speedway in Ft. Worth and tracks in
Atlanta and Charlotte, reported earnings from continuing
operations of $19.6M, or $1.05/share for the year ending December
31.  Those figures are more than double the $7.5M, or $.49/share
reported in '94.  Revenues were $75.6M last year, up 16% from
'94.  The company said it expects continued growth in '96 with
the addition of Bristol Speedway in TN and the Texas speedway
this summer (Kathryn Hopper, FT. WORTH STAR-TELEGRAM, 2/13).
"Nightly Business Report" reported Speedway was up 3 1/2 on NYSE
after announcing a two-for-one stock split (PBS, 2/12).
     NISSAN JOINING IRL?  Nissan is "on the verge" of joining
Oldsmobile in supplying engines for the IRL, including the
Indianapolis 500, in '97, according to the INDIANAPOLIS STAR-
NEWS.  A U.S. Auto Club source said that Nissan told the USAC
board at its Friday meeting that the auto firm agreed to supply
the racing engines (Dick Mittman, INDIANAPOLIS STAR, 2/10)....In
other news, Holly Cain writes to look for the retail chain Target
to "come on board in the near future" as a sponsor of the U.S.
500, joining Mercedes-Benz, Toyota, Pennzoil and Texaco (TAMPA
TRIBUNE, 2/11).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug