Six Flags (NYSE: SIX) stock climbs trading at $42.99 a share

Tuesday, September 21, 2010 8:44 PM

Didn't it just feel like just a few weeks ago that Six Flags' measly stock was trading at UNDER $1 a share under Sneider and Shapiro? Then it came to a point where SIX was even temporarily delisted on the NYSE?

Well, investors are seeing something they like with the new management's way of handling things because Six Flags' stock shot up 27.62% during the past month and is now trading at $42.99 as of yesterday's close.

Tuesday, September 21, 2010 8:52 PM


Tuesday, September 21, 2010 10:47 PM

Really wishing I'd have had a nest egg, with which I would have bought some serious stocks, when the economy tanked.

Wednesday, September 22, 2010 12:24 AM

In all fairness, the penny stock is not the same stock. People who had those shares do not have these shares.

Wednesday, September 22, 2010 12:30 AM

I was thinking the same thing Jeff. People that had shares under Shapiro are not going to benefit off of this.

Shapiro did the dirty work so people shouldn't think that this new group of executives created this mass increase value in shares.

We shall see how stable this is in the future.

Wednesday, September 22, 2010 2:27 PM

From what I could tell, the stock was offered to the public again back in May, and opened at a price of $37.50 a share. Yeah, anybody who owned the shares when they filed for bankruptcy got nada.

Wednesday, September 22, 2010 6:53 PM

You could look at it as, since the stock was issued, the Dow has gone up 2%, while SIX has gone up 20%. That's a fairly relevant comparison.

Thursday, September 23, 2010 8:51 AM

Screamscape is reporting that Six Flags cut 140 full time positions today along with a major organizational restructuring. Can anyone else confirm?

Thursday, September 23, 2010 9:26 AM

^Needless to say that scares the sh*t out of me!! That cannot come without a loss to their improved guest experience and ride's likely back to the Burke/Story days, I'm afraid, but without the coaster additions onslaught!! :(

Thursday, September 23, 2010 10:06 AM

tigellinus said:
^Needless to say that scares the sh*t out of me!! That cannot come without a loss to their improved guest experience and ride's likely back to the Burke/Story days, I'm afraid, but without the coaster additions onslaught!! :(

Guest experience maybe, but their ride maintenance should actually be much improved. They are investing a lot of time and money this off season to improve their maintenance procedures and efficiency chain wide.

Thursday, September 23, 2010 11:26 AM

How can we say that the guest experience will take a hit when we don't even know what positions were done away with (and at this point, it's still a Screamscape rumor, no?)?

Why do people keep saying that it's going back to the Burke/Story days? Al Webber came from Paramount Parks. I would imagine that the day to day running of the company is in his hands, while the new CEO is dealing with the financials. Al has been bringing his old team on board, and it looks like he's keeping and promoting Six Flags' finest. Sure, they cut some positions, but we don't know what they were for, and it could very well be redundant positions that they no longer need. Or, perahps that was 140 people that didn't want to move to Dallas?

Now that they've emerged from bankruptcy, and having been to a few of the parks this year, along with getting rid of a park they didn't want to deal with, I think they're in good shape. They're adding rides next year, it isn't all about thrill rides, but looks like they'll keep customers happy with what they're adding. Why does everyone expect this to be Burke/Story all over again, when you have a CEO that has experience in correcting the former wrongs of bankrupt companies, and a COO who has a lot of experience running well maintained parks (that always seemed to be able to add nice, new attractions)?

If anything, I'd say this is more Paramount Parks 2.0 (now with more Warner Bros. Theming!) and less Burke/Story 2.0, but that's just my take.

Monday, September 27, 2010 6:15 PM

I agree. KD and KI were the only two Paramount Parks I visited under the Paramount brand, but I always felt that even if the coaster collections contained some funky mixes, Paramount was the best overall regional park chain of the big 3(CF, SF, and PP).


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