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7 Mar 2003, 16:47 (Ref:527913)
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#1 | |
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Veteran
Join Date: Jul 2002
Posts: 576
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MPH stock
trading at $3.07, near an all time low of $3.00. Hope Norman was the only one dumb enough to purchase such junk
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7 Mar 2003, 17:45 (Ref:527955)
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#2 | |
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Veteran
Join Date: Dec 2002
Posts: 579
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When rush1 posts here, I figure that some canine somewhere got kicked one less time.
Last edited by ¡As-de-mim!; 7 Mar 2003 at 17:46. |
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7 Mar 2003, 20:48 (Ref:528095)
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#3 | ||
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Veteran
Join Date: Jul 2002
Posts: 1,332
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Let poor little rushy be, he's just mad because Dixon is going to win the Inbred Racing League chumpionship easily, and then he will come back to where he really wants to race, CART.
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__________________
Juliette Bravo! Juliette Bravo!!!! |
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7 Mar 2003, 22:16 (Ref:528166)
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#4 | ||
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Veteran
Join Date: Jul 2001
Posts: 7,294
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Go away moron.
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__________________
Sunderland Til I Die! |
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7 Mar 2003, 22:24 (Ref:528178)
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#5 | ||
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Veteran
Join Date: Jun 2001
Posts: 8,125
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Ironic in that I'm replying to say "I can't believe anybody replied to that thread."
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__________________
Don't make a fuss, just get on the bus! |
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7 Mar 2003, 22:33 (Ref:528190)
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#6 | ||
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Racer
Join Date: Nov 2002
Posts: 485
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MPH closed at $2.95, down almost 9% today.
This is a new low, and brings market cap down to $43.4 M. Well if Bernie really wants to buy CART, he can grab 15% of MPH before cutting any deals quietly for about $6.5 M - chump change. I think something leaked out that isn't good news. |
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7 Mar 2003, 23:22 (Ref:528253)
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#7 | ||
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Veteran
Join Date: Jul 1999
Posts: 6,038
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That's a good thing actually, Cart wants to go private again! And I think that would be a great thing for the series.
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__________________
"I used to hate writing, but now I enjoy it. I realized that the purpose of writing is to inflate weak ideas, obscure poor reasoning, and inhibit clarity. With a little practice, writing can be an intimidating and impenetrable fog!" - Calvin and Hobbes |
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8 Mar 2003, 14:02 (Ref:528891)
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#8 | ||
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Rookie
Join Date: Jul 2002
Posts: 72
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Duh, everything is dropping these days. Just check the markets. Hey at least the attendance of IRL is dropping too!!
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8 Mar 2003, 20:31 (Ref:529152)
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#9 | |
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Rookie
Join Date: Mar 2003
Posts: 10
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<<Duh, everything is dropping these days. Just check the markets.>>
In the past three years CART's stock has dropped to around 15 cents on the dollar. The Dow Jones Industrial Average is at 80 cents. We cannot blame CART's stock performance on the market. The stock market questions CART's ability to survive. <<Cart wants to go private again! And I think that would be a great thing for the series.>> If it were not for CART going public they would not have the money to be racing today. |
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8 Mar 2003, 20:53 (Ref:529168)
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#10 | |
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Veteran
Join Date: Nov 2002
Posts: 2,983
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True on both counts, Impact.
There's a lot of talk about going private again being a magic wand. Private or public, CART faces the same issues of car count and money and places to run and TV, just as the privately-owned IRL does. The Vannini vision of $10m sanction fees for this organization to make money someday is in error. Who can afford it? How many race fans would pay $300 for a Friday G.A? |
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8 Mar 2003, 21:28 (Ref:529190)
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#11 | ||
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Veteran
Join Date: Jul 1999
Posts: 6,038
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If it weren't for Cart going public, there's a good chance it would not be in the mess it is right now.
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__________________
"I used to hate writing, but now I enjoy it. I realized that the purpose of writing is to inflate weak ideas, obscure poor reasoning, and inhibit clarity. With a little practice, writing can be an intimidating and impenetrable fog!" - Calvin and Hobbes |
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8 Mar 2003, 22:19 (Ref:529217)
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#12 | |
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Rookie
Join Date: Mar 2003
Posts: 10
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<<If it weren't for Cart going public, there's a good chance it would not be in the mess it is right now.>>
Correct, it would not be in a mess; it wouldn't exist. It is only the IPO money that has enabled a 2003 season. |
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8 Mar 2003, 22:47 (Ref:529241)
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#13 | ||
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Veteran
Join Date: Jul 1999
Posts: 6,038
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No, I mean, if Cart had not gone private it would likely still have all its major engine manufacturers and teams that are now in the IRL. It was a dumb decision and we're paying for it now.
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__________________
"I used to hate writing, but now I enjoy it. I realized that the purpose of writing is to inflate weak ideas, obscure poor reasoning, and inhibit clarity. With a little practice, writing can be an intimidating and impenetrable fog!" - Calvin and Hobbes |
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8 Mar 2003, 23:06 (Ref:529275)
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#14 | ||
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Veteran
Join Date: Oct 2002
Posts: 6,958
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How about explaining your theory there Jay. Thanks.
rush may be an individual whom has no love for CART, but he does post some factual information from time to time, unfortunately, it isn't what CART fans want to hear. Regarding DJIA, it is actually down 35% since its peak, which of course still doesn't support a thesis that CART is just down because of the market. Of course, you could try and link CART to NASDAQ, which is a closer parallel, but not very flattering no matter what context you try and spin on it. The market simply prices what they believe future earnings will be. The underlying suggestion is that less and less people feel that there will be any future earnings. On the day, CART down 8%, DJIA up .86%, hardly a correlation. FWIW, most people in the market rarely use the DJIA as a market indice, rather the S&P500. Last edited by Fogelhund; 8 Mar 2003 at 23:08. |
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8 Mar 2003, 23:18 (Ref:529299)
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#15 | ||
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Veteran
Join Date: Feb 2003
Posts: 3,183
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Does anybody remember the good old days when fans watched sports or racing just for the sheer excitement of it. Now it's all about money! Who's paid this amount... how much is this guy worth. CART's stock has dropped again...who care's! Sorry about that. Of course I care. But "let the suits worry about it." As a fan of CART, the only thing that interests me is what happens on the track.
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__________________
Give them good ol' boys the chrome horn PT! |
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8 Mar 2003, 23:25 (Ref:529312)
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#16 | ||
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Veteran
Join Date: Oct 2002
Posts: 6,958
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Dov - I think we all agree that we are most interested with what happens on the track. Having said that, without money, there is nothing happening on the track, and hence, this prospect interests some of us.
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9 Mar 2003, 02:04 (Ref:529469)
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#17 | ||
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Veteran
Join Date: Feb 2003
Posts: 3,183
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I guess Im just sick of the business side of the sport. Too much politics for my liking.
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__________________
Give them good ol' boys the chrome horn PT! |
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10 Mar 2003, 16:40 (Ref:531634)
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#18 | |
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Veteran
Join Date: Nov 2002
Posts: 2,983
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$2.85/share on volume of 79,700 shares a little over two hours into the Monday trading period...I agree, sgw2....something's leaked out and it's not good news.
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10 Mar 2003, 17:27 (Ref:531721)
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#19 | ||
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Veteran
Join Date: Oct 2002
Posts: 6,958
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Perhaps the cancellation of Road America has led to this selloff.
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10 Mar 2003, 17:33 (Ref:531726)
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#20 | |
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Veteran
Join Date: Nov 2002
Posts: 2,983
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Or possibly the Gonzalo Rodriguez lawsuit, which is currently in trial phase. Testimony resumed today.
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11 Mar 2003, 00:49 (Ref:532253)
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#21 | ||
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Veteran
Join Date: May 2002
Posts: 5,276
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Thread should be closed, or moved to a Motorbusiness forum...
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__________________
"Many people depend on motor racing for their livelihood, to them it is a business. To me, it is a sport." -Jim Clark |
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25 Mar 2003, 22:26 (Ref:548076)
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#23 | |
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Veteran
Join Date: Sep 2002
Posts: 1,480
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Seems Norman isn't so dumb after all eh Lush1 ?
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__________________
"All this amateur analysis leads nowhere and is insignificant......So you waste hours, days, months, years of your life for what end? A bit of one-upmanship on the internet?" - Wilton969 |
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