Dan Snyder buys 500,000 shares after Six Flags stock tumbles

Posted Thursday, June 29, 2006 9:10 AM | Contributed by supermandl

Six Flags insiders, including Dan Snyder, are buying up Six Flags stock after it suffered major declines on announcements that the company will have a difficult time this year. Is this a sign of confidence, or risky investment?

Read commentary by The Motley Fool.

Thursday, June 29, 2006 11:16 AM
janfrederick's avatar Why not? 500,000 shares will make you a cool million if the stock creeps up just a couple of dollars.

See...it really IS a conspiracy! ;) Don't bet on it, the SEC would be so far up his kazoo they'd be looking out his nose if this was a game. Then again, more brazen things have been done. But this is so high profile.

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Thursday, June 29, 2006 1:05 PM
rollergator's avatar At 5-something, the shares are undervalued...I wish I had sold off when they were over 10/share, and *overvalued*. Here's betting that they'll be up around 10 within a couple months when all of Gonch's friends have dropped some serious coin at the SF parks.... ;)
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Thursday, June 29, 2006 1:37 PM
Lord Gonchar's avatar Nah, my friends are all poor and very few enjoy parks. :)

I have to admit, it's very tempting to jump in at $5 and change. If it's still sitting there after we finish the whole move and get back into the flow of things, I might just have to pick some up.

1 share of the company or a large coke at their bigger parks?

*** This post was edited by Lord Gonchar 6/29/2006 1:38:05 PM ***

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Thursday, June 29, 2006 1:44 PM
I usually buy enough to pay for my season pass next season.
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Friday, June 30, 2006 1:36 AM
3 shares or a parking space? :)
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Friday, June 30, 2006 2:41 AM
Lord Gonchar's avatar 6 shares or a Q-bot for 1? :)
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Friday, June 30, 2006 9:17 PM
I officially apologize for cheating the system, and getting into Six Flags without paying for parking. I never knew that my lone, actions of doing such a hienous act would have such an impact on Six Flags stock.
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