Position as the second-largest racetrack owner hosting races sanctioned by the National Association for Stock Car Auto Racing (NASCAR); and TV broadcasting contracts, which boost margins and cash flow. Admission revenues are somewhat volatile and sensitive to economic conditions; Business diversity is somewhat limited because the company operates only six tracks; Bad weather affects attendance, concessions, and souvenir revenues; and International Speedway Corp., the industry leader and Speedway Motorsports Inc.'s major competitor, is controlled by the same family that controls NASCAR. The ratings on Speedway Motorsports Inc. reflect the company's good market position in the motor sports industry, its relatively stable operating performance, and its moderate capital structure. The company is one of the two largest companies hosting races sanctioned
