Position as the second-largest racetrack owner hosting races sanctioned by the National Association for Stock Car Auto Racing (NASCAR); TV broadcasting contracts providing 4% average annual increases in rights payments from 2008 through 2014; and Moderate capital structure. Admission revenues are somewhat volatile and sensitive to economic conditions and weather; Business diversity is somewhat limited because the company operates only six tracks; International Speedway Corp., the industry leader and Speedway Motorsports Inc.'s major competitor, is controlled by the same family that controls NASCAR; and Speedway Motorsports Inc. is expected to pursue debt-financed acquisitions of independent tracks on an opportunistic basis. The ratings on Speedway Motorsports Inc. reflect the company's good market position in the motor sports industry and its moderate
