CEO David Trainer sat down with Chuck Jaffe of Money Life and MarketWatch.com to talk about our Danger Zone pick this past week: Speedway Motorsports (TRK).
As the owner and operator of eight racing facilities, Speedway Motorsports’ (TRK: $22/share) business is heavily tied to the popularity of racing, particularly NASCAR. Since October 2014, TRK is up over 29%, despite the business being in steep decline since 2008. Shrinking revenues, large fixed costs, and an overall decline in NASCAR attendance have Speedway Motorsports crashing into the Danger Zone this week.
Photo Credit: hjhipster (Flickr)