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Post by Logjammin #2 on Mar 11, 2008 12:41:13 GMT -6
We barely had time to get used to "Nextel Cup". Off-hand, I don't even know what they're officially calling the series now that Sprint is the namesake. Well, now Sprint is imploding and probably won't survive the 2008 season without a buyout.
Get ready for another change!
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Post by T Stephens #6 on Mar 11, 2008 14:19:18 GMT -6
Winston, Marlboro, Camel, T-mobile, Sprint, nextel, AT&T, Alltel, Suncom Cup series
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Post by Diamondback on Mar 11, 2008 14:23:53 GMT -6
Time Warner. They already own everything on the planet, why not racing?
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Deleted
Deleted Member
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Post by Deleted on Mar 11, 2008 15:14:00 GMT -6
WHY NOT JUST CALL IT THE NASCAR CUP. THEN IT WILL NEVER NEED TO CHANGE AGAIN OH WAITE A MINUT!! WHY NOT CALL IT THE G.R.E.E.D. CUP? THE NASCAR GREED CUP SOUNDS GOOD. AND THERE SLOGAN CAN BE.... ITS ALL ABOUT THE $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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Post by Diamondback on Mar 12, 2008 14:56:51 GMT -6
We barely had time to get used to "Nextel Cup". Off-hand, I don't even know what they're officially calling the series now that Sprint is the namesake. Well, now Sprint is imploding and probably won't survive the 2008 season without a buyout.
Get ready for another change! Ok, so I decided to check the link to find out what you meant by "imploding"... Oh.My.God. They've gone from $20/share to $6/share in five months? WTF is going on there?
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Post by Diamondback on Mar 12, 2008 15:30:12 GMT -6
Nevermind. Found it. I noticed while looking at the chart that the trading volume exploded mid-January (when the fourth quarter and year end results hit), and everybody was apparently selling off what they were holding. Looked a little deeper and found their Q4 income report. The shareholders took a bath this year, and decided to bolt. I don't know what kind of "Non-Recurring Operating Expense" would rack up a $29M price tag, but I'd guess that it's why everyone started selling off. It's still listed as "Hold" rather than "Sell", so I don't think it's as bad as it may seem. Looking at their three year Revenue history, they've managed to clear around $1M each year. This could be a situation where the company is moving money this year to cover depreciations and/or outlaying capital to cover assets. (which, if my limited accounting knowledge serves me, happens every 5, 10, or 15 years.)
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