Posted Tuesday, March 25, 2008 1:30 PM | Contributed by Jason Hammond
Moody's Investors Service downgraded Six Flags Inc.'s outlook to "negative" Monday, saying the company could default on several upcoming obligations if performance doesn't improve. Moody's also downgraded the company's liquidity rating to SGL-4 from SGL-3, reflecting a higher degree of risk.
Read more from AP via CNN.
Hell even SFKK couldn't get enought employees to run everything which often resulted in Rotation of ride openings. the falls would run in the morning, Blizzard river in the evening.
The federal government doesn't include food or gas prices in what they call the "core" inflation rate. When those commodities aren't included, inflation is much lower, something like 3 or 4 percent.
Which begs the obvious question, why wouldn't food or gas be included in those numbers? Is there anybody out there who isn't eating food or putting gas in their car?
THE NECESSITIES, GAS, Electric. Food, Heating Oil.
the price of a pound of spaggeti has gone from 41cents to 88 in two years. Same with about everything else in the store.
Don't know about anyone else but I work more overtime and have less SPENDABLE income after the bills are paid.
Chuck, finding second job soon.
*** This post was edited by Charles Nungester 3/25/2008 8:58:54 PM ***
Like the podcast said, Six Flags may have already been too far gone to save when Red Zone came in.
For me gas bills have been low this year, new windows and keeping the heat lower all year have helped that. My car gets good gas mileage and I never pay more than $30 to fill up. I am almost out of debt, in about eight months I will only have the house to pay off.
I know its not that way for everyone, my mom is having a hard time after losing her job due to cutbacks. She is now part time at the same company, they didn't want to pay her medical anymore.
Six Flags is screwed. I can't imaging them every coming anywhere near to getting out from under this debt. I have less faith in them than I do our own govt.
This not only makes the price of wheat and corn products go up but also meat and pultry as their feed as well goes up.
It takes 400pds of corn and 2000 gallons of water to fill up one SUV but your enviro freaks will tell you its better for us despite it getting only 2/3rds the efficiency of Fosil Fuel.
Chuck, done with the off topic. SF was too far gone, I've said it before. Sell all but three our four parks and get on with whats left.
Figures compiled in 2007 point to modest results for corn ethanol produced in the US: one unit of fossil-fuel energy is required to create 1.3 energy units from the resulting ethanol. Sugar-cane is a *much* better source for ethanol, and the fuel DOES show some promise....
Unfortunately, some of this driving is done during rush hour traffic due to our rehearsal times (I work for a church) and things are bumper-to-bumper at 6 p.m. at night. And unless I'm running behind under normal driving conditions, I try to keep my speed around 60-65 mph. And that just barely keeps me up with traffic on Sunday mornings!
Anyway, back to our story. One of the parks that has got me really concerned is Great Adventure. There is so much that will be missing this year: 1) Intamin Space Shuttle in front of GASM 2) the Wave Swinger 3) Chiller 4) Watertown Movie Effect 5) The Old Country (bumper cars and Musik Express) [the theater will only be open for special events] will be closed off 6) the teepee next to Sawmill Splash (apparently the supports had rotted out)
Sure, they're getting one new ride, but all the rest of the stuff that will be missing I think sends a bad signal to the guests on top of what was gotten rid of last year: 1) Stuntman's Freefall 2) Arrow hydroflume 3) Schwarzkopf EvolutionIf you're still paying a lot of money to get in to the park and all this stuff keeps disappearing, you're going to feel like you're not getting your money's worth. If on the other hand operations stay at the same level as last year (I thought they were very good), then that's a benefit, but you can't keep keep removing flats.
*** This post was edited by Intamin Fan 3/26/2008 1:10:54 PM ***
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