International Speedway (ISCA) Stock Set to Speed Higher - Barron's
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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
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