Speedway Motorsports reports loss for third quarter
Quote selected text Published November 7th, 2007 in NASCAR NewsSpeedway Motorsports Inc. today reported record revenues for its third quarter but said losses from its share of Motorsports Authentics led to a loss of $13.6 million, or 31 cents per diluted share.
In the same period last year, the track operator had reported net income of $4.7 million, or 11 cents per diluted share.
The company blamed the reversal of fortunes primarily on losses at Motorsports Authentics, which it owns jointly with International Speedway Corp.
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There’s no better feeling than hearing a bunch of millionaires whine!
who is the owner of speedway motorsports?
The restrictions put on sales of diecast has a lot to do with loss.At one time I purchased every diecast of both Earnhardts, I have not even shopped or purchased a car since 2005. It just got too expensice, so I say poor baby, lower the prices and you will see a better bottom line.
Too bad for you France family!