| The world of motor sports has already
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| | year, which consequently affected this
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| been a part of most car enthusiast's
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| | year's NEXTEL Cup race attendance.
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| life. The latest race cars and
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| | Also, Bristol Motor Speedway again hosted
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| aftermarket auto parts such as BM
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| | an "all tickets sold out" at its NASCAR
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| shifters, and the well known motor sports
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| | Food City 500 NEXTEL Cup Series. At its
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| companies are significant to them.
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| | Sharpie Mini 300 Busch Series, Bristol
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| Speedway Motor Sports, Inc. (SMI), one of
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| | Motor Speedway also hosted near record
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| the famous companies in the motor sports
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| | crowds.
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| industry, recently announced their 2007
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| | Moreover, the highlights of 2007 first
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| first quarter net income that amounted to
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| | quarter also include the company's stock
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| $31.9 million from last year's $32.2
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| | repurchase program. Sixty seven thousand
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| million and the total revenues of $152.2
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| | (67,000) shares of common stock for an
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| million this year from $151.1 million
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| | estimated $2.6 million were repurchased
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| last year. SMI also propounded its full
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| | by the company.
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| year 2007 earnings guidance of $2.43 to
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| | Speedway Motor sports executives gave
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| $2.53 per diluted share, with the
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| | their comments on their reported 2007
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| assumption that current industry and
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| | first quarter results. According to H.A.
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| economic trends will continue and its
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| | Wheeler, Chief Operating Officer and
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| exclusion of 50% share of Motor sports
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| | President of Speedway Motor sports, their
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| Authentic joint venture operating
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| | records resemble their sponsorships,
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| results, capital expenditures exceeding
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| | luxury suite rentals, camping, radio
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| current plans, the impact of further
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| | broadcasting, track rentals, and strong
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| increases in fuel prices, interest rates,
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| | increases in admissions despite several
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| variables in its non-core businesses,
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| | negative factors that affect their
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| geopolitical differences, unsatisfactory
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| | company. He further said their present
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| weather surrounding events or other
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| | net income depicts their business'
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| inevitable factors.
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| | strength. He added that SMI's 2007 season
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| SMI also cited the highlights of 2007
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| | endures to be another outstanding year
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| first quarter. Included are record
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| | due to a line up of upcoming events,
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| levels of corporate marketing and other
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| | sponsorships, and other corporate event
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| event generating revenues for NASCAR
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| | related revenues.
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| racing events held this period.
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| | Speedway Motor Sports Chairman and Chief
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| At its NASCAR UAW-DaimlerChrysler 400
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| | Executive Officer O. Bruton Smith
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| NEXTEL Cup Series racing event, the Las
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| | commented they were particularly proud to
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| Vegas Motor Speedway again sponsored an
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| | showcase their sensational and
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| "all tickets sold out" event. The said
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| | staggeringly successful 'Neon Garage' and
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| host also got the 2nd highest attendance
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| | refined super speedway to accommodate
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| at the Sam's Town 300 Busch Series.
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| | huge crowds at Las Vegas Motor Speedway's
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| Atlanta Motor Speedway still hosted huge
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| | March 2007 NASCAR racing weekend.
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| number of attendees at its NASCAR Kobalt
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| | Owning and operating 7 premier
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| Tools 500 NEXTEL Cup Series and Nicorette
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| | facilities, Speedway Motor sport is a
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| 300 Busch Series racing events. This is
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| | leading marketer and promoter of motor
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| considered a success despite some
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| | sports entertainment in the United
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| inevitable factors that happened last
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| | States.
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