Jeff..Six Flags/ CP
Hey Jeff, I just read a terrible rumor saying that Six Flags is looking to purchase Cedar Fair, and was wondering if the Six Flags Empire was big enough to buy Cedar Fair. I understand they are a large company, but I have also heard that they may be billions of dollars in debt. With that said, can you offer any "assurance" or "comments" on this rumor? Also, is Cedar Fair BIGGER than Six Flags...Thanks....mikey :)
Six Flags/Premier Parks is bigger than Cedar Fair.
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Live for FUN!
GO SHAMROCKS!
GO WOLVERINES!
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Live for FUN!
GO SHAMROCKS!
GO WOLVERINES!
Take a wild guess.
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Jeff
Webmaster/Guide to The Point
Futuristic bow-wow... do the dog catcher!
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Jeff
Webmaster/Guide to The Point
Futuristic bow-wow... do the dog catcher!
Six Flags..Bigger...Six Flags buying out Cedar Fair..Dont see it happening...Thats just my opinion..but if true..Id like to see the proof :)
Thrillride strikes again....
WHen did they hire the Lemon Chill guy as thier PR guy???
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MF 2000 - 269 laps
MF 2001 - ???????
WHen did they hire the Lemon Chill guy as thier PR guy???
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MF 2000 - 269 laps
MF 2001 - ???????
Did the rumor happen to say, 'what day is it' under it? :-D
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Crady Crady!! CRADY CRADY!!
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Crady Crady!! CRADY CRADY!!
Sorry, but this sounds a little far fetched, doesn't it? I mean, Six Flags buying out a single park is one thing, but an entire chain, and one the size of Cedar Fair is a little hard to swallow. Anything is possible, but this seems a highly unlikely. Besides, I think that would REALLY suck, as much as I enjoy a lot of Six Flags parks. Cedar Fair seems like one of the better park chains out there, even though I've only been to Knotts. Peace. :)
*** This post was edited by Coasterman J on 4/15/2001. ***
I'ts not up to Kinzel.. it's up to the stock holders... like me, and Jeff and the thousands of others...
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MF 2000 - 269 laps
MF 2001 - ???????
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MF 2000 - 269 laps
MF 2001 - ???????
CF billions in debt, I seriously doubt it. If anything I could see six flags in debt, but not Cedar Fair.
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We bought a lifetime supply of pudding? How wasted were we last night?!
*Dude, Where's my car?*
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We bought a lifetime supply of pudding? How wasted were we last night?!
*Dude, Where's my car?*
Billions?? no.. millions?? yes.. long term type.. about 300 mil on the last annual report...
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MF 2000 - 269 laps
MF 2001 - ???????
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MF 2000 - 269 laps
MF 2001 - ???????
As a person that follows both Cedar Fair and Six Flags Inc. (AKA PREMIER PARKS) Six Flags is 2 Billion Dollars in Debt due to Over expansion they have will not admit it but recent SEC Filing's Show's that Six Flags Might be looking into Selling off Parks to pay the bills in 2003 or sooner. If they can not come up with a better game plan. Cedar Fair on the Other hand Will Continue to Grow Slowly but will show the Amusement Park industry that they are Still the Best in the Business just look at their records.
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Keeping You On The Edge... For Life CEDAR POINT AMERICA's ROCKIN ROLLER COAST
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Keeping You On The Edge... For Life CEDAR POINT AMERICA's ROCKIN ROLLER COAST
After reading the SF SEC report, it appears that SF is 2 billion dollars in debt. The main problem with that debt would be the $149 million yearly interest. It appears that CF has $200 million dollars or less of debt (if they even have any anymore!) Either that, or I was lost in the financial mumbo-jumbo of the SEC reports! Investors rate PKS and FUN about the same (strong/mod buy, though many more investors pay attention to PKS.)
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A bad day at CP is better than a good day at work.
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A bad day at CP is better than a good day at work.
Six Flags isn't known as Premier Parks anymore. That's why they changed the name.
The Cedar Fair annual report says $300 million in long-term debt.
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Jeff
Webmaster/Guide to The Point
Futuristic bow-wow... do the dog catcher!
The Cedar Fair annual report says $300 million in long-term debt.
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Jeff
Webmaster/Guide to The Point
Futuristic bow-wow... do the dog catcher!
Just out of curiosity, Cedar Fair is a limited partnership, not a stock, per se. Isn't their leadership structure, especially vis a vis buyouts, different than the norm?
It is, but don't ask me how. They actually have "partnership units" and not shares. You also get this odd tax form (K-1 or something like that). I think you're technically supposed to pay taxes in several of the states (not Ohio) that the LP does business in. My accountant said it would be less than a dollar and not to worry about it. Your dividends are apparently not taxable by the feds.
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Jeff
Webmaster/Guide to The Point
Futuristic bow-wow... do the dog catcher!
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Jeff
Webmaster/Guide to The Point
Futuristic bow-wow... do the dog catcher!
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