Added to YB: 2019-06-28
Pitch date: 2019-06-28
TRK [bullish]
Speedway Motorsports, LLC
+6.18%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
Speedway Motorsports, LLC, through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States.
Market Cap
$808.1M
Pitch Price
$18.63
Price Target
18.50 (-6%)
Dividend
N/A
EV/EBITDA
N/A
P/E
21.28
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Speedway Motorsports: Going Private Offer, Bump Coming?
TRK: Speedway Motorsports buyout offer from controlling Smith family at $18/share, similar to ISCA going private. Despite NASCAR's decline, valuable TV rights (65% to tracks) locked in until 2024. Opportunity to retool away from public eye? History of minority shareholder issues. Expect 5-10% bump from $18 offer.
Read full article (2 min)