silver, you haven't told anybody anything that the financial statements haven't said for the last year now. the industry as a whole is losing money, and magna is in the heart of their GP renovation project. they will struggle until GP is finished and they have slots at their tracks (the bills in fla and maryland are picking up steam). your post is reminiscent of the one i saw after opening day at GP. even though the card was just a test (a bunch of claimers on a monday), because they made a few mistakes (mistakes which everybody knew were coming), somebody inferred that magna had blown the entire project. it's simple: if the industry struggles this year like it did last year, magna will have cash flow problems, and might need an additional investor. if and when the industry turns the corner, magna will be well positioned. for now, one thing is for sure though - magna is putting out the best racing in the US. silver, do me a favor, just enjoy the great racing. the GP and SA cards next saturday will be two of the best of the year (from any track). if things at magna crumble, and they can no longer put out this great product, come back to me and i will gladly admit i was wrong.



Post Edited (02-26-05 19:51)