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Racing Champions Corp

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June 24, 1999 | Bloomberg News
Could the NASCAR craze be sputtering? Racing Champions Corp. shares plunged 60% on Wednesday after the maker of NASCAR die-cast replicas warned of a second-quarter loss on slower sales. The Glen Ellyn, Ill.-based company's shares fell $10.19 to $6.69 in trading of 9.3 million shares, more than 82 times the three-month daily average. The company said it expects a second-quarter loss of 30 cents to 35 cents a share, excluding a charge.
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BUSINESS
March 11, 1999 | From Reuters
Leon Halperin looked stricken as he cut through a crowd of financiers to tell his client the bad news. "The Edsel is missing," he whispered to John Rempel, chief financial officer of Creative Master International Inc., a maker of model cars and other collectibles. The pocket-sized, red-and-white station wagon with real wood paneling, leopard upholstery, seat belts and retractable antenna had obviously struck a chord at the 11th Annual Growth Stock Conference here last week.
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