Tuesday, April 10, 2007

ISC To Take Up To $6.5 Million Write-off For Track Effort

According to a report in the Puget Sound Business Journal, International Speedway Corp. (ISC) will take a pre-tax charge against earnings of between $5.5 and $6.5 million in the second quarter. That amounts to between seven and eight cents per diluted share. The loss is all attributed to the failed effort of the proposed Kitsap County NASCAR speedway. ISC stock was down 14 cents today on the news.

Read the entire story here.

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