Don't just look at absolute stock price. That's meaningless. Look at the "Market Capitalization" ... stock price times the number of shares.
Mr. Villain said:I'm thinking the stock may turn around, Best Buy took a big hit and now it is back on a steady incline back up.
Hey, I work at Best Buy and we really did take a huge hit, but are now back up on the rise. So I don't really think there is anything to worry about.
And please keep in mind, ladies and gentlemen, that being able to run clean, efficient, and popular parks is not necessarily the most important factor to the investor. Hell, most investors don't care about that stuff at all.
Stock price and quality do not have to go hand in hand ...
P.S. I mentioned on the SF stock thread in the news section that in some ways Six Flags is in better shape (particularly in the all-important asset/debt ratio) than Vivendi. Sure enough, Vivendi's credit was today downgraded to junk status, and they've announced plans to sell off as much as $10 billion in assets.
Anyone want a park in Orlando?
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Age and treachery will always overcome youth and skill.
Answer to the original question: "NO".
Could it be the end of Six Flags buying spree? YES. What other markets could they want to be in, anyway?
Could it be the beginning of more modest capital expenditures from year to year? YES, that's already underway.
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.:| Brandon Rodriguez |:.
http://www.coasters2k.com
Quality will lead to more guests attending the parks which in turn leads to higher revenues and that in turn should lead to an increase in stock value & the number of shares which change hands in the market.
The stock is only as good as the company behind it so if the company as a whole isn't doing good then their stock becomes less valued.
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