Cedar Fair distribution maintained despite slight decrease in operating profit

Posted Thursday, September 23, 2004 10:07 PM | Contributed by Jeff

Cedar Fair said in a press release that it will maintain its annualized distribution rate of $1.80 per unit this quarter despite the expectation of slightly lower full-year operating profit.

Read the press release from Cedar Fair.

Thursday, September 23, 2004 10:10 PM
This is insanely good news. This is what I was most worried about after the purchase of Geauga Lake, because to me it's what makes Cedar Fair such a good buy. The price may go up and down, but the distribution delivers.
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Thursday, September 23, 2004 11:39 PM
i have this in my IRA account and i am so happy that I do. It has great constant performance. What are the perks that we get as stock holders. Any one have this in their portfolio?
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Thursday, September 23, 2004 11:47 PM
Yes ScubaSteve. I have owned CF stock for about 4 years. Not too many perks........they do send out vouchers for tickets and accomodation, though since I am also a season pass holder, I only use them if I have guests from out of town or something like that.

How did you get it as part of your IRA? I just own it as regular stock.

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Friday, September 24, 2004 10:14 AM
The perk is a $1.80 per unit every year. At the current price that's around a 6% return per year. That ain't bad these days.
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Friday, September 24, 2004 10:50 AM
^ Agreed.
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Friday, September 24, 2004 5:34 PM
Yay go cedar fair. Cedar fair almost bought vision land but got out bid. Plz buy it Cedar
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Friday, September 24, 2004 6:28 PM
how do you go about getting some stock. I would like to purchase some CF stock
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Friday, September 24, 2004 9:45 PM
Yea, fill me in too. I thought about getting stock for a year or two now but never really got beyond the "I want to get some stock" stage. What are the basic steps.I know you need to get a broker but beyond that I'm clueless.
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Saturday, September 25, 2004 10:39 AM
Use an online broker like Etrade or Ameritrade. Personally, I use Sharebuilder.com. Automatic checking account withdrawl monthly for a fixed dollar buy.
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