Posted Monday, July 16, 2007 7:59 PM | Contributed by Jeff
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.
Link: CoasterBuzz Podcast
Tuesday, July 17, 2007 9:56 AM
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.
Tuesday, July 17, 2007 10:01 AM
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.
Tuesday, July 17, 2007 10:16 AM
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.
Tuesday, July 17, 2007 11:15 PM
^^ & ^^^ 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. :)