Posted
Six Flags said in a press release yesterday that third quarter results will be in line with expectations stated last quarter, with better performance in the New Jersey, Cleveland and Dallas markets. They also said that they will remain "comfortably in compliance" with all of their credit arrangements.
Read the press release on Yahoo.
I really don't understand how they continue to blame their performance on the "post-9/11" economy when small parks and even Cedar Fair are having a much better year than last year.
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Jeff - Webmaster/Admin - CoasterBuzz.com
"There's nowhere to run, nowhere to hide, when it's all in your mind. You gotta let go." - Ghetto, Supreme Beings of Leisure
So far I have visited about 9 Six Flags parks and I only have a desire to return except for to two of them. Probably because they didn't operate like the other SF parks. Those are SFGAM and SFSTL.
SFKK, SFNE, SFGADV and SFWOA all had some very serious issues that make me cring about going back even though a couple of those parks could be great by simply not doing the following.
1. One hour wait to get in the friggin parking lot due to only one attendent at the 8 booths + One train operation on many of their coasters and to me, Extremely high concession pricing. SFNE
2. Several of their premier rides down due to maintence or staffing issues+ One train operations and sometimes rude or could care less employees. SFGAdv. SFKK and SFWOA
Chuck who says why plan on going to ride something when it probably isn't running anyway or they make you wait 3 times as long on purpose.
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Charles Nungester.
Is it about coasters or friends? I say both!
*** This post was edited by Charles Nungester on 10/4/2002. ***
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"To get inside this head of mine, would take a monkey-wrench, and a lot of wine" Res How I Do
The ONLY thing a public company cares about is it's stock price .. It'll do WHATEVER it takes to get that stock up, while spending the least amount of money possible. It's pure evil. If you ever get the chance to work for a public company, run away VERY fast. It's just not worth the constant 'bending over'. I have worked at two public companies, and I'm itching to leave as soon as possible.
Cam.
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Cameron Silver
Public companies aren't all bad. Yes, I worked for one (Penton Media) that was pretty terrible, but they aren't all. Look at Cedar Fair... I doubt many would complain about stock price or dividends, and they spend in a manner that has made their parks top notch.
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Jeff - Webmaster/Admin - CoasterBuzz.com
"There's nowhere to run, nowhere to hide, when it's all in your mind. You gotta let go." - Ghetto, Supreme Beings of Leisure
They just need to wake up and realize that the parks which aren't performing well are the ones that NEED some new coasters! It's so STUPID to reward the flagship parks for good attendance with new coasters when the parks with poor attendance are in that situation because they AREN'T getting new coasters! HELLO, Six Flags! AstroWorld is the park that NEEDS to get new coasters three at a time, NOT Magic Mountain! Find the space, or sell the place!
Huh? Last quarter they were talking about Cleveland and New Jersey under-performing. They're two of the most gifted parks in the chain the last few years.
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Jeff - Webmaster/Admin - CoasterBuzz.com
"There's nowhere to run, nowhere to hide, when it's all in your mind. You gotta let go." - Ghetto, Supreme Beings of Leisure
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"I waited 4 hours for X and all i got was this stupid t-shirt"
Coaster Count: 112
I agree with Jeff, last time it was talk about how bad Cleveland was performing that their direct ad campaigns against Cedar Point had backfired, and now everything is okay?
They still don't have thier act together at Six Flags and until they get the customer service aspect down - they will never get much better.
If they plonk down some cookie-cutter rides in the four big parks, attendance will be up so much more (across the whole chain), then if they do the same in all the little parks who need it.
It will cost them a lot more to add a ride to all the little parks, than it does to do the same to the four big ones. By increasing attendance by (say) 10% at all four big parks, they have a TON of extra people through the gates (this makes Six Flags look good, so their stock goes up). In comparison, they might have to (say) DOUBLE the number of visitors to about 10 smaller parks to equal the same number. (Yes, I know the numbers are a HUGE exaggeration .. I did it to explain a point..)
See .. they can increase the stock by simply buying four clones, and dumping them in their already top earning parks ... OR they can spend a bunch more money, fix up the smallerparks who really need it, and have the stock only go up the same amount. What would you do??
(Now, we both know that fixing the smaller parks will have a tremendously good long term affect ... But all most public companies care about, is the next quarter.)
Cam.
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Cameron Silver
X Factor
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SFWoA: An Unofficial Guide
http://sfohio.tripod.com
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