Jeff, Pat and special guest Rick Munarriz from The Motley Fool review this week's news in the amusement industry.
We welcome Rick to explain what the NY Post article could really mean for Cedar Fair.
Rick first gives a basic explanation of what a private equity firm is.
How many times EBITDA is too much to pay for a company?
While the Post article mentions retaining management in a buy-out, it's not a realistic condition of a sale.
Cedar Fair's quarterly results tend to show stagnation on a same-park basis. Rick thinks that if the company really is looking to sell, it's an admission that the Paramount acquisition isn't going that well so far.
Where did the 25 cent cotton candy go?
Jeff needs to complain some more about food pricing, while Gonch says it's not all that bad.
Rick says his point in saying Disney would be a good buyer is that it would give them a regional marketing position they don't have now.
Wild West World files for bankruptcy already, and clearly didn't consider start up costs to run it for several years.
There's opposition to Disneyland's fight against low income housing, but what real chance does it stand?
The Columbus Zoo picks a terrible name for the former Wyandot Lake.
Lawsuit filed for Six Flags Kentucky Kingdom, and we'll probably never know how it ends.
Jeff is annoyed by "journalists" who write stupid columns.
Jeff, I agree with you about the performance of the Legend last year. Never fear this year it is running better than ever - at least at Holiwood Nights it was kicking serious butt! Back seat rides on the Legend were better than I ever remembered.
I'm with Tom-I couldn't believe how much air there was in the back seat of The Legend. Looking forward to the fall affair and riding it again.
I was at the Columbus Zoo a couple of weeks ago, and the coaster was standing, by itself, surrounded by a field of dirt. It looked rather odd, actually.
^^ & ^^^ There is nothing quite like 5 or 6 straight cycles, simply because your lapbar is locked down. I think my wife is still sore after that. :)
