Cedar Fair fiscal picture dampened by weather
Posted
Analysts say that profits will not be as high as hoped for Cedar Fair due to bad weather at most of its parks combined with a high amount of capital improvement.
Read the whole story at The Toledo Blade.
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Ok here it is!
$40 million total CF:LP capital expenditures 2001
-$17 million DORNEY PARK (including TALON)
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$23 million for WOF, VF, CP, KBF
I don't see anymore coasters being built next year
DP - TALON
WOF - Camp Snoopy
VF - Camp Snoopy (but not neccessarily called that)
CP - Little if anything
KBF - PP will finally open
$40 million total CF:LP capital expenditures 2001
-$17 million DORNEY PARK (including TALON)
------------
$23 million for WOF, VF, CP, KBF
I don't see anymore coasters being built next year
DP - TALON
WOF - Camp Snoopy
VF - Camp Snoopy (but not neccessarily called that)
CP - Little if anything
KBF - PP will finally open
I love how the report said Dorney Park was in the midwest (it's not). The report also said that Cedar Fair is investing $17 million into Dorney including a $13 million inverted roller coaster. What's the other $4 million being spent on? They also made it sound like MF was a mistake financially. It stinks that it comes down to money ultimately.
I have two things to say about that article
1) Don’t trust what financial analysts say about anything. I used to work for a financial research firm, and these guys don’t know anymore then you or me. They read the same financial reports, talk to the same PR guys, and make the same assumptions as anyone else.
2) I found this quote at the end very humorous
“An ongoing threat to Cedar Fair beyond the weather is electronic entertainment, such as cable TV and video games, that could keep teens and young adults at home, said Mr. Brenner, of Ladenburg Thalmann.”
How long have we had cable TV and video games? And why is it a threat to just Cedar Fair and not Six Flags or Disney? Despite video games and cable, the amusement industry has been doing very well these last few years.
1) Don’t trust what financial analysts say about anything. I used to work for a financial research firm, and these guys don’t know anymore then you or me. They read the same financial reports, talk to the same PR guys, and make the same assumptions as anyone else.
2) I found this quote at the end very humorous
“An ongoing threat to Cedar Fair beyond the weather is electronic entertainment, such as cable TV and video games, that could keep teens and young adults at home, said Mr. Brenner, of Ladenburg Thalmann.”
How long have we had cable TV and video games? And why is it a threat to just Cedar Fair and not Six Flags or Disney? Despite video games and cable, the amusement industry has been doing very well these last few years.
Pointman, I wish more parks would do what Knott's does. 1) Close crappy rides and sue to make the designers of the ride pay for it. 2)Make sure rides are perfectly safe and running pefectly before opening them(can you say SOB?). Knott's does things right, and to say your surprised they got ghostrider right is silly IMO. This park simply will not settle for *anything* less than top notch.
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The new KING of coasters:
SFNE Superman
Unforgettable!!! *** This post was edited by Simcoaster on 9/8/2000. ***
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The new KING of coasters:
SFNE Superman
Unforgettable!!! *** This post was edited by Simcoaster on 9/8/2000. ***
Simcoaster,
I have no problem with closing crappy rides, and suing the builders. I have a problem with having the poor sense to install the crappy ride in the first place.
I have no problem with maikng sure a ride is safe before allowing anyone to ride it. WHat I do have a problem with is this continual announcement of opening dates, of the poor management of the initial planning of this ride that caused the announcement of the multiple initialopening dates.
If Knotts did things right on these two items, they would have never put in WIndJammer and they would have allowed more time for the construction of Perilous Plunge.
I stand by my statement that I am surprised at how well Ghost Rider has turned out when the WInd Jammer and Perilous Plunge projects are considered.
No matter how you state it there have been serious problems with Perilous Plunge and with WIndJammer. THese problems are management problems. THe Management of Knotts should be held as responsible.
DId you know that no matter how much perfume you put on a skunk, it still smells like a perfumed skunk?
I have no problem with closing crappy rides, and suing the builders. I have a problem with having the poor sense to install the crappy ride in the first place.
I have no problem with maikng sure a ride is safe before allowing anyone to ride it. WHat I do have a problem with is this continual announcement of opening dates, of the poor management of the initial planning of this ride that caused the announcement of the multiple initialopening dates.
If Knotts did things right on these two items, they would have never put in WIndJammer and they would have allowed more time for the construction of Perilous Plunge.
I stand by my statement that I am surprised at how well Ghost Rider has turned out when the WInd Jammer and Perilous Plunge projects are considered.
No matter how you state it there have been serious problems with Perilous Plunge and with WIndJammer. THese problems are management problems. THe Management of Knotts should be held as responsible.
DId you know that no matter how much perfume you put on a skunk, it still smells like a perfumed skunk?
Pointman, name *one* park that has never installed a coaster that is less than enjoyable, the maybe your point will make sense. I wish we all could be fortune tellers like you, predicting windjammer's merit before it was even built. Neither Jack Fellas, nor Cedar Fair were even with Knott's at the time Windjammer was built, so I don't know what you mean by management. Have you even been to Knott's? Knott's has the good sence to close it and get rid of it. Name *one* other park that has done that, oh yeah, isn't Kennywood doing something like that? I find that just so cool! As far as PP is concearned, when it is ready, they will open it. I would much rather that, then having them open it, close it a week later, and then start giving excuses, cough*SOB*cough. I'll leave the other stuff for the PR department to deal with, why should I worry about that? I'll ride one of the world's greatest wooden coasters in the meantime :). Knott's has built quite a few rides before Ghostrider which are classics today, so your surprise at Ghostrider still doesn't make sense. BTW, why would a skunk wear perfume? LOL! The things people say...
-------------
The new KING of coasters:
SFNE Superman
Unforgettable!!!
*** This post was edited by Simcoaster on 9/12/2000. ***
*** This post was edited by Simcoaster on 9/12/2000. ***
*** This post was edited by Simcoaster on 9/12/2000. *** *** This post was edited by Simcoaster on 9/12/2000. ***
-------------
The new KING of coasters:
SFNE Superman
Unforgettable!!!
*** This post was edited by Simcoaster on 9/12/2000. ***
*** This post was edited by Simcoaster on 9/12/2000. ***
*** This post was edited by Simcoaster on 9/12/2000. *** *** This post was edited by Simcoaster on 9/12/2000. ***
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