I have a friend that says his sisters had invested a great deal of money into Cedar Fair Stock. He doesn't remember what happened but for some reason was saying that Cedar Fair went out of business because something happened to their stock. I know that Cedar Fair is still together and very wealthy, but does anyone know if the stock would have split? Anyone have any idea even what he is talking about? Thanks.
What do you mean something happened to their stock? Did someone steal it?
Did it split? I don't think so.
Does anyone know what he's talking about? No, how should we if he doesn't even know!
A one that is not cold, is hardly a one at all.
The top 3 all time cobrarolls.
2)Deja Vu's (times 3)
3)Batman Knight Flight's
They're actually "unit," not "stock," because Cedar Fair is an LP, a very rare type of public company these days.
I own a ton of FUN, and it's the best paying thing I have invested anywhere. Dividends are about an 8% return annually and the price generally stays pretty stable.
FUN seems to be one of the most stable things to buy there is, year in and year out.
For those of you that don't know it's Limited Partnership status is based on the fact that while you can own stock in it you have no voting rights.
Coming in 2003-The Spawn Of Magnum!
Yes Virginia, I am Santa Claus!
I AM WITTY!
LP vs stock is mainly used for Tax purposes instead of the company paying corporate then the investor paying capital gains, the tax liability is filtered down to each indivual unit and the unit holder. One reason why the distribution, as its called vs. dividends is as high as it is.
*** This post was edited by kneemeister on 12/21/2002. ***
SOB crew in twenty 02
111 SOB laps, and wishing the park was still open
*** This post was edited by SOB_TOM on 12/21/2002. ***
Thank you for explaining all that and clarifying that. It helped a great deal. Looks like I know where to put my money next!
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