Cedar Fair to issue 2.4 million units

This dilutes holdings only by about 5%, but still looks to be offered at a slight premium to yesterday's close, if I'm figuring correctly (95% of 30.88 is about 29.3.)

Are these publically traded shares, or privately held?

public

Units down .77 to 30.11 as of right now. The real issue is whether or not they'll be able to maintain their distribution, which they said would be no problem and that it should actually go up from here on out. I guess it depends on how well Geauga Lake does.

I'm sure they'll meet the distribution regardless of how well the parks do, within reason. I'm glad this happened since it seems to be driving the price down (probably through at least tomorrow) so I can jump in and get some more. Once Castaway Bay starts providing earnings and KBF, DP, and WOF (just a guess?) open their new B&Ms and hopefully jump in attendance, CF may be up for a while to come.

check out www.nyse.com to Cedar Fair president Richard Kinzel ring the opening bell. The picture will probably be up only today. Unless the archive it.
*** This post was edited by Trick Track 7/15/2004 9:12:42 PM ***

Here's the more permanent link.