Stock Spotlight: International Speedway
Submitted by Silverlight Asset Management, LLC on October 27th, 2017
Finding value becomes more challenging as an investment cycle matures.
Many stocks now trade at rich valuations compared to history. Concurrently, a lot of cheap stocks run a risk of being 'value traps.' Cheap gets cheaper when business models become impaired, and that's becoming more common across a handful of industries (e.g. retail).
This stock spotlight video profiles the investment thesis for one cheap stock we think does have a durable business model: International Speedway.
This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date indicated and may change as subsequent conditions vary.
The information and opinions contained in this video are derived from proprietary and nonproprietary sources deemed by Silverlight Asset Management LLC to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Silverlight Asset Management LLC, its officers, employees or agents.
This video may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any of these views will come to pass. Reliance upon information in this post is at the sole discretion of the viewer.
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