Moody's Gives WME IMG B2 Credit Rating CDI Net Income Drops 5% In '13 Bauer Purchases Easton-Bell Baseball/Softball Learfield Sports Acquires Nelligan Sports ISC Q4 Revenue Flat With '12 WME Faces Daunting Task In IMG Acquisition IMG Acquisition Could Take Up To Six Months Nike Q2 Profit Rises 40% WME Execs To Meet With IMG College WME CEOs Diving In At IMG
Upcoming Conferences and Events
CART Shares Fall 13.9% To Hit 52-Week Low Amid News With ISL
Published January 18, 2001
Shares of CART fell 13.9% yesterday after A.G. Edwards "questioned the relationship" between CART and ISL Marketing, according to a report in REUTERS, which notes A.G. Edwards downgraded CART stock to "maintain" on Tuesday "due to uncertainty in regards to our ISL sponsorship guarantee." CART has a nine-year deal with ISL. The stock closed at $16.25, a new 52-week low. The previous low was $18.13. CART CEO Joseph Heitzler said: "Although we are in discussions with ISL, it is premature to comment on the outcome of these discussions or the effect of ISL's management changes and other sports property renegotiations on CART's revenues and marketing plans" (REUTERS, 1/17).