Stock Spotlight: International SpeedwaySubmitted 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.
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