Posted Monday, March 2, 2009 10:16 AM | Contributed by Jeff
Six Flags Inc. is nearly bankrupt. Its stock closed at 24 cents Friday. A year ago, it was $2.17. Six Flags carries an unsupportable $2.1 billion debt. Dividends aren’t paid. Expenses have been slashed. And revenues are squeezed from virtually every fence post and TV monitor in each of the company’s 20 North American theme parks. Even the weather is bringing adversity. Six Flags Over Georgia was scheduled to open today —- its earliest opening ever —- as the summer of 2009 shapes up as a make-or-break year for the company. But a forecast of rain forced the park to cancel that plan, and now it says it will decide today whether to open Sunday.
Read more from The Atlanta Journal-Constitution.
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