Posted
Six Flags investor Daniel Snyder, through his Red Zone company, said on Wednesday he was seeking the ousting of Chief Executive Kieran Burke and would make a tender offer for up to 34.9 percent of shares contingent on shareholders accepting a number of changes.
Read more from Reuters.
I like it....I really do...
Jeff will appreciate this article from smartmoney.com. It discusses Six Flags giving the gate away.
http://yahoo.smartmoney.com/onedaywonder/index.cfm?story=20050818&afl=yahoo
In this article Shapiro says he will visit 30 parks in 30 days and address customer service. I hope he announces his tour:
http://www.washingtonpost.com/wp-dyn/content/article/2005/08/18/AR2005081801991_2.html
*** This post was edited by coasterguts 8/19/2005 7:14:35 AM ***
It's unfortunate that the industry has been in such an arms war, to which I hope Kingda Ka is the last of such rides. I'm not saying that I haven't enjoyed some of the benefits of the war. But unfortunately, people will still probably continue buying "stupid rides" just to pull people in the door.
My opinion would be to improve what they already have by doing the following:
1. Cleaning up the parks dramatically - Like painting all the rides at a much shorter interval than they currently are doing, perform some kind of landscaping to the areas around coasters that have been built in or nearby parking lots to remove the ugly parking lot lines, and have a better clean up staff
2. Improve the Maintenance to bolster ride reliability
3. Create a more family friendly atmosphere
4. Find a way to make the employees love or simply enjoy what they do, because a friendly, smiling park worker can have a serious impact in the overall park experience of your average visitor.
I wouldn't necessarilly say that six flags doesn't have many loyal fans, I will say that Six Flags doesn't have strong family connection, but there are tons of kids to the Mid 20's that love going to the parks despite the state. Typically these are the ones that want the faster, taller, and scarier thrill rides. Family groups usually want more tame, slower rides that nearly everyone can ride and enjoy. I really don't care who runs Six Flags because I don't hold a major stock positon ( I only have 4000 shares purchased for $4.15) but it would be great to see Six Flags be able to run and really compete with with the big dawgs like Disney and Universal but maybe that's saying a lot.
I never mentioned anything like that, yet I do agree with you that it won't stop thugs from bringing guns also. Currently Six Flags is just building thrill rides for what crowd? The people that ride them. I would say about 65% of the people that Six Flags draw (well SFA) are teens. There is nothing wrong with building coasters, but they need to build more family rides and have a friendly atmosphere.
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