Posted Sunday, December 19, 2010 2:12 PM | Contributed by Jeff
Cedar Fair's board of directors sent a letter to Q Investments' Geoffrey Raynor, saying that a recent letter to unit holders was ripe with "misstatements and mischaracterizations." That letter was filed with the Securities and Exchanges Commission on Friday. The board defends its actions, and says that the departure of the COO was his own doing.
See the entire filing on the SEC Web site.
"We believe Cedar Fair has the strongest management team in the industry, as is evident by the Company’s superior product quality and operating margins."
I'd really like to know what they are smoking - it has to be something illegal!
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