CFO Dan Houser alluded to the 'miss' on the Q2 conference call: "I think that we had a lot of confusion out there obviously about the timing of this Darlington event which really impacted where the estimates were versus where our expectations were. I mean, we feel we had a tremendous quarter; very, very happy with results. When you put it up against the estimates out there, it looks disappointing but that's unfortunate." Their earnings are showing a strong decline, stay away from this, yikes. (NASDAQ: ISCA) However, Investor2012 on SeekingAlpha thinks the following: "Mgmt commented that all races YTD are up in attendance and ticket price- so it's not just Daytona..Stock trades at big discount to TRK, and NASCAR's core consumer is better off than they have been in ~7 years - and better able to travel to the races given lower gas prices.So think there's pretty good rationale for this move higher.." "TRK has more current yield, but as you point out, the capex profiles of these two are very different (TRK under-investing in its assets) and TRK has NOLs which have shielded tax but are about to run out. If you adjust for these two items ISCA has more yield, even as it has no net debt, versus TRK with ~2x of leverage.Street is at $216mm of EBITDA for 2016.. add $23mm of gaming cash flow = $240mm of "Cash" EBITDA. So EV/EBITDA of a little over 7x. TRK trades at almost 9x.P/E isn't a good way to compare these two, given vastly different D&A and financial leverage.In any case, we can argue about where this should trade, but I think its attractively valued here even after the move, given that the stock has essentially gone nowhere for for over two years and there's strong evidence the business is turning a corner. In addition to the relative value case I lay out above vs TRK..Thanks for the response."