Finding value becomes more challenging as an investment cycle matures. 

Many stocks now trade at rich valuations compared to history. Concurrently, a lot of cheap stocks run a risk of being 'value traps.' Cheap gets cheaper when business models become impaired, and that's becoming more common across a handful of industries (e.g. retail). 

This stock spotlight video profiles the investment thesis for one cheap stock we think does have a durable business model: International Speedway. 

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