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Why not to take a racing series public, 101. -
...just more proof of cart's impending domination of all OW racing...
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Most interesting notes:
"I've speculated that they've said nothing so that they can drive down the share price so they could take it private cheaply."(So much for "they're going to run out of cash pretty soon.)"I can give you a scenario where they spend $40 million over two years, and if they receive $25 million in tax rebates, and cut SG&A, then it could be a modest `burn'.
Another interesting note: Forsythe, Vannini and Krevlin combined own 40% of the stock. (Since Forsythe purchased Grosfeld's 8%) It would take remarkably little for them to take that baby private. (Especially if the cash in the bank was used to buy back quite a bit of stock.)Comment
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JoeBob, I'm proud of you. While those are direct quotes out of the article, they are pure speculation. You truly are an optimist. Those of us that are more realistic would have thought the article was not an endorsement from the investment community. As tey say it all depends on your view.
Please note this part of your quote "I've speculated" and this "I can give you a scenario".Comment
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I will say however that this COULD be a positve for CART http://biz.yahoo.com/rc/020912/leisu...hipauto_1.htmlComment
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To my fellow "Texan"(what part of the state are you from? Me? Think BURNT ORANGE or Capital of Texas!)Interesting read.........very plausible..........and what does this have to do with the IRL forum?
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