VF nudged the gate up 3% ($32.95 to $33.99) while investing $3 million in cap ex.
SFGAM nudged their gate up 7% while investing over $30 million.
I don't think SFGAM will post a loss. They'll pay it off in three seasons tops, regardless of weather. On the other hand, they should be feeding the rest of the chain some cash.
The next time a SF fanboy wails 'Where's my hyper?' you know where to point.
-'Playa
NOTE: Severe fecal impaction may render the above words highly debatable.
Here's your hyper, right HERE...;)
The next time an SF fanboy wails 'where's my hyper?' you can show them where the money should have come from.
I dotted the I, crossed the T, signed by the X, made every little bitty inference crystal clear and even used 'MOJ' in a sentence tho I doubt I've mentioned it since oh, two-thousand-friggin' THREE.
Better?
-CO
*** Edited 1/20/2005 10:47:41 PM UTC by CoastaPlaya***
NOTE: Severe fecal impaction may render the above words highly debatable.
Oh My!
Oh, wait. Let me put m'serious face on:
This suprises any of you? We harp on SFI for making bad business decisions all the time (and then some of you point out that those that do don't have a clue about business, wow, how many are posting in this thread that SFI dosen't know what they're doing...), and it suprises any of you that They're doing this?
Please. I would love to sell you all some Beach Front Property in West by God Virginia if you truely believed SFI was going to do something right in regards to getting rid of debt.
It didn't come as a shock at all when I read it, in fact, I would have been mildly suprised had HH in Chi-Town been a seperate Gate.
One of these days, Corporate will learn. Today was not that day, however.
-'Playa
NOTE: Severe fecal impaction may render the above words highly debatable.
But that still didn't make me think it was going to happen here, esp. since they've seemed to dance around the subject so much.
I just expected it. I think they knew from the get go that it was going to be same gate, which is why they're promoting it as SFGAm getting a new water park, and not Hurrican Harbor coming to Chicago.
You know, when people were actually walking in the door.
-'Playa
*** Edited 1/20/2005 9:34:57 PM UTC by CoastaPlaya***
NOTE: Severe fecal impaction may render the above words highly debatable.
edit: And yes, when they DO ask (and they WILL), I can pull out my atlas and point directly to Gurnee, and say "there's your hyper", right underneath that lazy river...:) *** Edited 1/20/2005 9:49:20 PM UTC by rollergator***
You still have Zoidberg.... You ALL have Zoidberg! (V) (;,,;) (V)
Put a little trust in this Premier Park that could. *** Edited 1/20/2005 10:46:22 PM UTC by Planea380***
Sirloindude, who would like to know where his hyper is. Oh, wait, it's right down I-95.
13 Boomerang, 9 SLC, and 8 B-TR clones
This is the lesson the company just won't learn: Undervalue your park by giving away the gate and you miss a chance to make more. I don't think their cap ex over the last six or seven years was a bad idea, but it would've been a better idea had they priced the parks, and especially season passes, the way the other chains and independents did. I mean, even Holiday World is a $90 pass and it's a fraction of the size of SFGAm!
Jeff - Editor - CoasterBuzz.com - My Blog
Don't people usually pay you to stop talking, Jeff? ;)
mOOSH [sorry...couldn't resist]
I don't think their cap ex over the last six or seven years was a bad idea, but it would've been a better idea had they priced the parks, and especially season passes, the way the other chains and independents did.
And there's the key in my eyes. I read a lot of bashing on the spending they did and frankly, I think it was the right start. However the follow up to profit was handled in exactly the opposite way it should have been.
Really, how could you do the expansions/additions that some of these parks did and not come out ahead?
This was addressed a bit at No CoasterCon. From what Ron Sevart said, they are going to be relying heavily on bringing in International recruits because they know the size of the available employment pool in the area, especially during the beginning/end of the season when school is on. *** Edited 1/21/2005 12:08:29 AM UTC by Brad G***
"Heavily medicated for your safety!"
Jeff said:
I mean, even Holiday World is a $90 pass and it's a fraction of the size of SFGAm!
Holiday World? What about Michigan's Adventure?
-'Playa
NOTE: Severe fecal impaction may render the above words highly debatable.
Jeff Sayeth once again:
I don't think their cap ex over the last six or seven years was a bad idea.
Exactly right. The problem was not that they were building things or expanding. But were the parks maintained better (i.e. painted, cleaned, ride maintenence, etc.), Staff friendlier, food not overprice, gate and SPs higher priced, and some better internal decisions made, SFI would be a great company with lots of profits.
Basically, if the overall experience to go into a Six Flags park, branded or not, was on par with Paramount, Cedar Fair, or any other park that 'gets' that you have to treat your customers right, then people would pay a higher fee for season passes, gate admission, seperate gates, and the company would be able to afford to gloat right now, instead of trying to pull themselves out of debt.
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