Six Flags and Cedar Fair good buys in questionable economy

Posted Wednesday, April 11, 2001 9:28 AM | Contributed by supermandl

While Wall Street gives investors another kind of roller coaster ride, one analyst from The Motley Fool says that the two pure publicly traded amusement park companies, Six Flags and Cedar Fair, are safe buys because of their regional nature. Tighter vacation budgets will favor local spending over long distance trips.

Read more from The Motley Fool.

Wednesday, April 11, 2001 9:37 AM
Interesting. Personally I agree with that assessment, and it's good to see that at least SOME analyst thinks so.

It's interesting to note we've had multiple discussions about this very topic, such as this one: http://www.coasterbuzz.com/forums/thread.asp?ForumID=11&TopicID=3221

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--Greg

http://www.pobox.com/~gregleg/
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Wednesday, April 11, 2001 10:29 AM
Politics on coasterbuzz? I thought Jeff banned that..

I agree with that as well, but only because it's more comforting to think theme parks will be OK in the future.
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Wednesday, April 11, 2001 10:40 AM
I think some member own stock in either company as well as the webmaster, so it would be probably be of interest to them...
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Wednesday, April 11, 2001 12:07 PM
Jeff's avatar This isn't politics... it's amusement park business. What do politics have to do with it?

Hey, I'm a proud owner of Cedar Fair stock, though it's less than I had. When I had 1,850 shares (excuse me, limited partnership units), it was nice seeing those quarterly dividends of $700+. Thank you Cedar Fair, for the down payment on my house.

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Jeff
Webmaster/Admin - CoasterBuzz.com
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Wednesday, April 11, 2001 12:21 PM
Cool, Good to see them doing so good.

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No Bad Coasters, Just Some Better Than Others.
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Wednesday, April 11, 2001 4:47 PM
I really love the way CF runs their business. They're cautious, but still manage to provide us with classic attractions year after year. SF is more agressive, which I also like, but they need to take care of their smaller parks which are constantly neglected. *** This post was edited by DWeaver on 4/11/2001. ***
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Thursday, April 12, 2001 6:00 AM
Could someone tell me the stock symbols for these 2? I searched on Yahoo but it gave me a couple of symbols for each and I wasn't sure which ones were correct. I'm a little stock illiterate and can use any guidance I can get. :)

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"I'm going off the rails on a crazy train." - Ozzie Osbourne
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Thursday, April 12, 2001 6:37 AM
Jeff's avatar PKS - Six Flags, Inc.
FUN - Cedar Fair, LP

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Jeff
Webmaster/Admin - CoasterBuzz.com
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Thursday, April 12, 2001 7:15 AM
Thank you kind webmaster :)
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Thursday, April 12, 2001 2:44 PM
Wow, sounds like my Six Flags, SFA could be rather busy this summer if people stay closer to home. Universal is sure spending a lot of money to lure people down south. I swear the ad is on more than either PKD or SFA.
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Thursday, April 12, 2001 5:52 PM
Jeff's avatar I personally think this whole "economic downturn" thing is a load of crap perpetuated by people who don't understand the stock market and politicians' comments (like G-Dub... who also thinks there's an energy crisis when in fact there are no lines at the pumps and drilling in the protected areas of Alaska won't do anything but fill the pockets of his dirty Texan oil tycoon friends). Unemployment is still down and there are preliminary indications that real estate will do well this summer.

Stop the paranoia... travel to as many parks as you can!

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Jeff
Webmaster/Admin - CoasterBuzz.com
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Thursday, April 12, 2001 6:00 PM
I think Cedar Fair will perform better because they have very little debt compared to SF. Jeff---Those FUN dividend checks are nice I agree! Also in the FUN 2000 annual report CF is only spending 38M compared to 93M last year this would lead me to believe they are buying another park. They say "Externally, we remain committed to generating further growth through acquistions. We are looking for properties that will be a good fit for Cedar Fair. Our focus is quality, not quanity, and approach is disciplined"
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Thursday, April 12, 2001 7:08 PM

Jeff wrote:
Stop the paranoia... travel to as many parks as you can!


I'll be doing my part, assuming I have a job... Unforuntately the paranoia is self-perpetuating, and I work for a holding company (think "venture capital firm" that can't CALL itself a VC firm since we do other things). With the markets doing the hokey pokey, a holding company isn't necessarily the safest place to be. If they start cutting back, it's unforunately the non-core businesses, like the technical consulting branch I'm at, that'll be the first against the wall. Now, I don't anticipate having too much trouble finding a new job, but my vacation pool would get reset, and there go my park trips.

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--Greg

http://www.pobox.com/~gregleg/
*** This post was edited by GregLeg on 4/12/2001. ***
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