Why not NOW for picking up some Six Flags stocks?

Wednesday, October 8, 2003 7:34 AM
At just under 6 bucks a share, why NOT pick up about a hundred or so shares?

I mean, the chain is mired desperately in debt, but they are going bare bones this year and seem to have shown a definite dedication to the upswing of the value of their company.

They have spread themselves out picking up fledgling parks, and now it's time to sit back and let the dividends roll in. As far as the enthusiast in me, I'm sad that SF isn't going to splurge and outfit the big parks with coasters, but the investor in me salivates at this seemingly great pickup!

Why do I feel like the little Frosted Mini Wheat guy? Anywhen, thoughts??

------------------
-Brian, who enjoys long walks on the beach, wooden coasters, avoiding being called a "jobber" while keeping it real in the 9Quad.

+0
Wednesday, October 8, 2003 8:05 AM

I've been a six flags share holder for about 2 1/2 years. Its had its ups and down and always comes down durning the summer. In Feb it will shoot back up to about $8 i bet.
------------------
http://coastertrackrecord.tripod.com/
+0
Wednesday, October 8, 2003 8:09 AM
I was debating getting some PKS next time I get enough in the savings for a little more stock, but it just doesn't seem to be going anywhere. I've been watching since mid-summer saying "I should buy cause it'll go up" and it never has. If anything, its gone down, and the large amount of activity among the board members (selling, not buying) that I've seen in the reports on CNN.com make me question buying it. Of course, for just keeping what money you have in a place you can't readily spend it (my main goal at this point for the market) PKS might not be a bad choice. FUN was a great choice for that as I've made $5 a share! I'm just kicking myself for only getting 20 shares when it was nice and cheap ...

------------------
Brett
Resident Launch Whore

+0
Wednesday, October 8, 2003 8:13 AM
I was considering it, but at $6 a share, it could go a lot lower than that. I'd like to see how a summer of reserved spending works out... will it drive profits up, or keep people away and dig Six Flags deeper into their hole? A little too risky for me, right now anyway.

------------------
-Rob
A.C.E. member since 1990
Posting @ Coasterbuzz since 2000
E.C.C. member since 2002

+0
Wednesday, October 8, 2003 9:31 AM
I don't think the stock is going to be worth the paper it's printed on in a few years. Nothing SFI does has given me any confidence that they will increase the value.

Just wait until those bank notes start hitting.

+0
Wednesday, October 8, 2003 9:48 AM
The stock was at $8.00 a share at the beginning of June. I thought about selling then, didn't and regret not doing so since then, but I still haven't lost money on the stock. I don't know. Burke's and Story's contract is up at the end of the year. You would think, if the Board of Directors was going to keep them they would have signed them by now. I've decided to wait until after 1/1/04 before I buy any more stock in the company, want to see what happens with those positions.
+0
Wednesday, October 8, 2003 9:52 AM
I'd wait until we get year-end results and some kind of guess on what they're expecting next year. In the mean time, I'm getting a ton of return on FUN from dividends alone, so I'll keep my loot there.

------------------
Jeff - Webmaster/Admin - CoasterBuzz.com - My Blog
Blogs, photo albums - CampusFish
What time does the water show start?

+0
Wednesday, October 8, 2003 11:22 AM
Its a more stable company, much more of a sure thing than SF, so I don't blame you!

------------------
-Rob
A.C.E. member since 1990
Posting @ Coasterbuzz since 2000
E.C.C. member since 2002

+0
Wednesday, October 8, 2003 7:29 PM
Probably the safest way to play Six Flags right now -- especially if you're fond of the quarterly Cedar Fair payout checks -- is to buy the Piers.

Depending on your quote service it's either PKS.B or PKS-B. It's yielding 9% right now. The conversion rate is a bit out of reach at this point (Six Flags stock would need to triple before it starts moving the Piers) but if you're a big believer that Six Flags won't go under any time soon it's worth considering as an income producing investment.

+0

You must be logged in to post

POP Forums - ©2018, POP World Media, LLC
Loading...