Six Flags CEO buys $3 million of stock

Posted Tuesday, August 29, 2017 8:49 AM | Contributed by Jeff

Six Flags' stock may have gotten hit after a weaker-than-expected earnings report in July, but CEO Jim Reid-Anderson told CNBC that he has since only reaffirmed his faith in the company. He bought $3 million of the stock Friday because, he said, "I believe that the stock price, where it is today, doesn't reflect the true value of this company."

Read more from CNBC.

Tuesday, August 29, 2017 4:03 PM

Well he might have been just a bit premature. While the park doesn't have assets in the Gulf region that would be impacted by Harvey, the Labor Day weekend weather does not look good for the Northeast Corridor (SFGAdv, SFNE, SFA, and probably Great Escape), and rain on Sunday for Chicago for the Labor Day weekend. While one weekend doesn't kill the quarter, it certainly won't help. Suggestion, hold off until after labor day to buy.

Last edited by CreditWh0re, Tuesday, August 29, 2017 4:09 PM

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