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As CART'sBuyout Proceeds . . .

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  • As CART'sBuyout Proceeds . . .

    As CART's buyout proceeds, the makeover will be drastic . . .

    A fair amount of good info in this detailed article. Includes comments from Dennis McAlpine (stock analyst covering CART)

    Mnky - its prob a Biz thread but thought there was enough insight that it might be worthwhile here . . .

  • #2
    "With all start-ups, you have to invest substantially to reach profitability, and that's what I intend to do."


    KK
    "Living well is the best revenge"

    George Herbert

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    • #3
      bird:
      Hopefully he will do just that.
      My major malfunction is...I want the people I love and respect to live forever...The problem is...Life don't work that way...

      P.S. Questions, comments, death threats, invitations to a pigs bris, my number is still (317) 809-4483

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      • #4
        As long as it doesn't raise the price of beer I'm ok with it.

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        • #5
          20 year old start up?

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          • #6
            Originally posted by silva2
            20 year old start up?
            Looks like the irl is 8 years and counting. T & H money plus most of the best Cart teams can't seem to get that series engine started. It's probably just a lack of interest on the part of the overall American population towards the product. I'll bet Tony might have better luck selling his product in Brazil or Japan, that's where quite a few of his participants are from.
            Trump, he's one of the nicest, most decent human beings possibly ever to walk the planet..

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            • #7
              So if subsidies to teams are part of the plan, will CART be the oportunity for young American road racers to get into the big time? Oh...........nevermind.
              All rides are bought. But occasionally the currency is talent.

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              • #8
                Looks like the irl is 8 years and counting.

                Thought we were talking about Cart.

                Someone refers to Cart (again not the IRL but Cart) as a "start up" when it (again Cart not the IRL) is over 20 years old and I find that strange.

                No one said the IRL was a "start up" so bringing the IRL up in this thread is obviously to just derail the topic.

                Is Cart a "start up"? (notice that I asked if Cart was a start up not whether the IRL was a start up so in answering that question the status of the IRL is irrelevant).

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                • #9
                  Re: As CART'sBuyout Proceeds . . .

                  Originally posted by 220mph
                  As CART's buyout proceeds, the makeover will be drastic . . .

                  A fair amount of good info in this detailed article. Includes comments from Dennis McAlpine (stock analyst covering CART)

                  Mnky - its prob a Biz thread but thought there was enough insight that it might be worthwhile here . . .
                  If you were considering buying CART stock, starting a CART team, sponsering a CART team, or even making reservations for travel and rooms for any 2004 CART races, this article would be very eyeopening. If a big red flag doesn't popup as you read it, your eyes are shut.
                  Some of his comments really showed his true feelings, I think. "Other than that, how did you like the play, Mrs. Lincoln?" and " about what one would expect from a blank channel." These are more of personal feelings comments than stock anylist comments, I think.
                  "The older I get, the faster I used to be!"

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                  • #10
                    READ THE ARTICLE AGAIN Silva2

                    He is talking about his team (startup).

                    He never calls C^RT a startup, nor talks about investing in it.

                    The author of the article "presumes" that he will do the same with C^RT. By the way rumor has it he now has cold feet about buying C^RT let alone investing in it.
                    Tara was the name of our cat.

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                    • #11
                      Tara,

                      The next sentence after the start up comment is this:

                      "Presum-ably the same thinking applies to any ownership he acquires in CART the race series."

                      Maybe this is the author putting in his two cents. But I would agree that a new team would be considered a "start up" and if that's all the quote is refering to then it makes much more sense.

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                      • #12
                        No Silva2, I did not miss that line, re-read my post (un-edited) I even use the term “presumes”.

                        I said the author "presumes" it would apply to Kalkhoven’s investment in CART. Kalkhoven never refers to C^RT as a “startup” never says he will treat C^RT as a startup and never really discusses any intent of investing in it.

                        In fact the article is conjecture on the part of J. P. Vettraino, who first assumes the rumor of a buy out is true, who second, assumes the rumor that Kalkhoveen is one of the buyers is true, and then uses a quote that Kalkhoven made about his “startup” team and presumes, Kalkhoven will treat his investment in C^RT in a similar manor.

                        Frankly I think Vettraino assumes and presumes way too much. Treating a startup team as a startup is one thing, but to assume a rumored buyer will dump millions of dollars into a 20+ year old business and treat it as a startup is something completely different.

                        So maybe I miss understood you and you were referring to the author’s use of “startup”. If so I really don’t think it is significant. I think the author assumes and presumes way too much. On the other hand IF Kalkhoven had said……..but that’s another story, because he didn’t.
                        Tara was the name of our cat.

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                        • #13
                          This motorock makes me think things are going to be worse than now.

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                          • #14
                            Originally posted by AlJRFAN
                            This motorock makes me think things are going to be worse than now.
                            Remember when they tried to bring back the CanAm series?

                            Cart is dead.....and I don't see anything in the new Cart that looks like it will be of interest to me.

                            If I want to watch a road racing series, I will watch F1.

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                            • #15
                              I think the author assumes and presumes way too much.

                              OK, I'll agree with that.

                              But Cart does need someone to put money into is as if it were a start up. The fact that it is 20 years old and needs start up type almost venture capital to survive is telling.

                              Cart's death has been a slow one, almost incremental. Some seem to think that it won't look much like Cart does now, but from where I am sitting Cart today doesn't look much like Cart did just a few short years ago.

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