International Speedway (ISCA) Stock Set to Speed Higher - Barron's
Tweet
Share
E-mail
Get Alerts ISCA Hot Sheet
Join SI Premium – FREE
International Speedway (NASDAQ: ISCA) is getting a pre-open boost Monday following a bullish Barron's piece over the weekend.
Barron's said the company "possess a renewed level of predictability that investors should appreciate. Recently finalized broadcasting contracts for Nascar races through 2024 set an attractive minimum for the company's long-term revenue and profitability."
The recovery in the auto and housing market, which are major employers for NASCAR fans, bodes well for a pick up in attendance. However, even without a quick boost in attendance, broadcast contracts in place from 2015-2024 are enough to drive the stock 25% higher, or to $40 per share or more.
Link to Barron's Article
Barron's said the company "possess a renewed level of predictability that investors should appreciate. Recently finalized broadcasting contracts for Nascar races through 2024 set an attractive minimum for the company's long-term revenue and profitability."
The recovery in the auto and housing market, which are major employers for NASCAR fans, bodes well for a pick up in attendance. However, even without a quick boost in attendance, broadcast contracts in place from 2015-2024 are enough to drive the stock 25% higher, or to $40 per share or more.
Link to Barron's Article
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reddit (RDDT) added to S&P 500
- Boeing lands two U.S. defense contracts worth over $711M
- Avalonbay Communities (AVB) dropped from S&P 500
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
Barron'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
