Cedar Fair third quarter revenue up 8% over last year

Posted | Contributed by Jeff

Cedar Fair's third quarter net revenue was up 3% over last year. Excluding the acquisition of Geauga Lake, revenue was up 3% on a 1.5% decrease in combined attendance, a 3% increase in average in-park guest per capita spending, and a 6% increase in out-of-park revenues. Excluding Geauga Lake, combined October attendance was still up 4% between years and average in-park guest per capita spending was also up 4%.

Read the press release from Cedar Fair.

Jeff's avatar
razore86: For every unit you have (they're called partnership units and not shares because the company is a limited partnership), you are paid $1.80 per year. Actually, it's a quarter of that four times a year, so that works out to 45 cents per share every quarter. So if you have a hundred units as of the end of the quarter, you'll get $45 on what is roughly (depending on the current price) about $3000 investment. Over a year, that's exactly a 6% return assuming the price was a constant $30. As the price goes down, that percentage goes up. Around 2000 or so, it was more like an 8% return when it was trading in the low 20's.

Allan: Nice come back. Just one step above "yo mama" I think. Not that I can see any barns where I'm sitting (just a lot of ChemLawns and new construction), but did a farmer wrong you at some point? Hit you with a tractor?

Oh look! It's the top schools with masters programs in the Midwest as ranked by US News!Why, there's John Carroll, where Steph got her first masters, ranked 5. There's Ashland at 50. Huh. Case doesn't have a masters program that ranks on this listing?

Case is a great school, but it doesn't make you important, and it certainly doesn't validate the points of your weak argument. You're in for a harsh reality when you get out of school and no one cares about you or the thousands of people just like you just because you have a degree.

Knowing full well in the last 3 years that our illustrious webmaster can fight his own battles, however when you make a comment like you did....well, I have to crash the Par-Tay.

After slumbering through your first post Allan, you were without point. You spewed a bunch of knowledge that was flat boring to the soul and unappealing to the eye. When someone slammed your opinion, becoming personal was your only avenue. (see: Ad hoc) I don't care if Jeff and Steph's degrees were from the College of Phoenix, they have degrees. Does that make them lesser people? I guess so, since social misfits working towards their doctorates in the study of malpractice should be concerned about their almighty stock in Cedar Fair, Inc while flaunting it around in everyone's faces that they go to Case Western Reserve like it's Oxford.

I already know I'm low on the food chain since I chose teaching over marketing with my two degrees, but that doesn't make you a better person for attending an illustrious university. When you get some friends, come talk to me.

How can I go about purcahsing "units" of CF? Do they offer any discounts to unit holders like some companys I heard do?

*** This post was edited by razore86 11/5/2004 11:27:09 AM ***

Razore, you have to get an account with a broker, online or otherwise. I think there are ways to do it yourself, but they can get expensive. It's also not worth your money to buy small amounts. Broker fees can get expensive, so unless you have a few hundred to invest, save your pennies for a while.

Since when did Case Western become a presitigious university? Maybe for Engineering it's decent, but after your first job (and even that's questionable) who gives a crap?
*** This post was edited by Impulse-ive 11/5/2004 11:29:46 AM ***

What's the best online broker that someone has had experience with?

I don't know how to pronounce the word, Impulse, so I'll sound it out. I was only being FA - SEE- SIOUS. But, your point is one more than some. "Who gives a crap?" Exactly.
Dude, you're not over 18 right? I don't think it matters, you'd have to do it through your parents until you're over 18 if I have my facts straight.
janfrederick's avatar
Oooh oooh....someone is in med school? Now isn't THAT special?

Please don't become a doctor! That last thing we need is someone with self esteem issues treating us. Sure you can learn all that crap, but doctors are supposed to take care of people. You are not a people person.

Besides, why would anyone here give a damn about where you go to school and why? It certainly has no bearing on your argument (which was really a thinly disguised piece of bait).

Go see a shrink!

Jeff's avatar
According to his profile, he's 18.

It depends on what your needs are. I use ShareBuilder.com because they're good for accumulating on a monthly basis. If you're just looking to buy once, really any broker will do that doesn't charge inactivity fees.

Screw the cookies, bring out the pancakes! Mmmm...

Edit: I appologize in advance. ;-)*** This post was edited by Neuski 11/5/2004 11:45:50 AM ***

Heh, good reference :)
Booya! ;) This is certainly more entertaining than work ...
Allan: Thanks for proving that the majority of Case people continue to believe their poop doesn't stink. It only shows that you can pay for the degree, but it doesn't mean that it's a good education. You can say you are "Dr. So-and-So" with a degree from Case Western. Big whoopee.

Oh yeah, thanks for slamming me as well. It feels really good to be used as a way for you to "get back" at Jeff for speaking his opinion. At least he refuted your statement with logic and didn't make it personal. You should have added an "You're ugly" for emphasis. Perhaps another course in ethics or debate would benefit you as you prepare to take on patients.

"Who let the dogs out?"

A simple attack and we find Great White sharks in Lake Erie. And btw, did Brunswick finally get rid of their drive inn theatre and tobacco plant?

JanF, Impulse, Neuski and especially Steph....very nice rebuttles. Thumbs way up.*** This post was edited by Woody 11/5/2004 12:20:26 PM ***

A word of caution to anyone thinking of investing in FUN...and I expect Jeff will correct me if this is no longer the case; I am not an investor...

Cedar Fair is a publicly traded partnership and there is some difference in the way the earnings on partnership units are taxed compared with common stock in other types of companies. The most obvious implication for the small-time investor may be that the information required for tax reporting is a little more complicated and is not available until sometime in March, a month after some of us have already received our tax refund checks. Cedar Fair explains some of this on their corporate web site. The most important point is, do your research, consult with someone who understands this stuff, and as with any financial undertaking, make sure you understand what you are doing before making any investment.

--Dave Althoff, Jr.

Well, I suppose I'm not on top of updating my profile as much as you are. And, I never said I'm in med school, I just said that my med school tuition money is tied up in CF. This money will be put to use in a year. Jeff used logic that overlooked the point that I was trying to make. If he weren't so intent on slamming everyone, he would see that we agree on just about everything in this post. I made it a personal issue because I believe quite well that his reason for always trying to "get me" is indeed personal. A form of jealousy, so to speak. And Woody, Brunswick may have removed the drive-in theater and the tobacco plant, but they still have the shotgun store and the Nascar fan club. And in reply to Dave's post, you can always just hire a nice lawyer from Jones Day.
*** This post was edited by MagnumAllan 11/5/2004 12:49:17 PM ***
Jeff's avatar
Personal? Ha! How many ways can you theorize that you're that important? No one overlooked your point, you just can't take it that someone called you on it, thus the personal attacks. I'm not intent on slamming anyone... it just happens when you make a bunch of unqualified and poorly supported arguments. Besides, you said two posts ago that you "simply don't have time to argue" so, what, you changed your mind?

Dave is right about the tax issues, and honestly my accountant takes care of it and I sign whatever she tells me. :) For a small investor, I don't think it's that big of a deal.

Sheesh Jeff, let the boy get back to sipping lemon herbal tea (with erect pinkie finger) and his nose pointed away from everyone. Plus, he's yet to read the WSJ, NASDAQ section.

aka, you've just ruined his starch-filled brunch.

I always find the time when it causes a big scene on the coaster boards. It's just too funny to pass up. I may not have a fancy degree from Ashland U :) but it doesn't take a genius to figure out that decreasing attendance, regardless of revenue, is a trend that we don't want to continue. And, even though the revenue is up, this quarter included a few extra days. I'm not saying anything is wrong here; we all know that the weather this year was not the best and that GL had a lot of problems that weren't CF's fault. All I'm saying is that we shouldn't be overly encouraged by these data.
Again, because 8% more revenue is *always* a disturbing trend. Anyone know of any other companies that are making money? I should probably make sure I don't buy their stock either ...

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