Originally Posted by Dano959:
Interesting......... All I ever hear about is that the parent company is losing millions and is gonna be filing for bankruptcy any day now
Ever heard of Chrysler or Ford? Those companies bleed money by the BILLIONS. That doesn't stop them from buying needed products or commercial time on TV or even spend money to race in Nascar. It's about upholding a public image for them regardless of their financial status. It's an "investment" if you will.
I'll say it again - It's about money. There is no such thing as free TV. Somebody has to pay for air time. And when all is said and done, it's the consumer - you and me - that really pays for it.
FYI - World Racing Group is still trading at 29 cents per share - not too stout.
http://investing.businessweek.com/re...?capId=6654807