Six Flags says weather hurt third quarter results

Wow Six Flags does nothing good except try to build new rides thats it. Also those building new rides usually takes longer because of guess what.... THE WEATHER YAY!!!!

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Sam sayeth:
Don't forget that even Cedar Fair is down, in fact their waterparks are down 15% and their stock is down just about the same amount.

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Yeah, and amusement parks by themselves are up 1%, so you're not even comparing the same thing. It's still trading higher than a year ago, it's still around $30, and it still pays out $1.80/unit/year. Most importantly, it's still a profitable company despite the poor weather (not to mention the hit they're taking for Geauga Lake). Comparing Cedar Fair to Six Flags is like comparing Enron to Microsoft.

I think that if they would quite spending millions every year at the same three parks and spread the spending throughout all of their parks, then maybe the parks with the good weather could help them out, if they would give them something new.

/\And thankfully you don't get paid to think for Six Flags.

Its a tired arguemnt, dead horse, and all that. Besides, there are plenty of other threads to whine about SFDL, SFA, SFNO, and SFStL.

I suppose next year they will blame Kingda Ka, saying that since it's so high, that the weather up at the top of that was different than down below, thus reducing ridership and snowballing (pun intended) into lesser attendance at SFGAdv.................lol................nothing to do with $10 parking, under used capacity, both lack of and slow employees and line cutting like you have never seen.

SF can blame the weather for poor performance at alot of their parks and properties this summer. In the North East, it was one of the wettest and coolest summers on record. So that affects SFGAm, SFGAd, SFDL, GE, and SFNE. Two of those parks are considered "flagship" parks, so when attendance declines there, bad news.

Also, I read in a newspaper that the parks in Orlando that had to close for the two hurricane days lost a total of $2 billion. Granted this includes Sea World, two universal parks, bush gardens, and 4 disney parks. But still....$2 billion in just two days? That is a major hit to take due to the weather!! Now SF only properties that were affected are SFFT, SFAW, SFNO, and SFOG but I'm sure if they had to shut down due to hurricanes or tropical storms, it may have had a affect on them too. Any days where you can't open but it's warm enough for people to be there, are bad days.

Love your comment about SFStL Tekno. I went to their version of Fright Fest this past weekend and I must say that it is the most sorriest excuse I have ever seen. Shoot Boo @ the Zoo at the KC Zoo is better than what they did this year. Thank goodness for Halloweekends at WOF or the entire state of Mizzou would be without a Halloween themed event at a major park. (note SDC celebrates the Fall harvest and not Halloween - no reason why CC couldn't).

-D

I can't wait for Disney come out and say "Weather didn't hurt us!" just to make Six Flags look bad.

Echo.