STOCK

I'm gonna buy more Cedar Fair stock. I gotta! I only own one :(

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coasterGiRlY,
the coaster fanatic
There is no possible way you can get me off Gemini.

Why would you want to do that?

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Jeff
Webmaster/Guide to The Point
"And he says 'I'm goin' crazy up there at the lake...'"

Some people are just fanatics of the park...I support the company by going every year and shelling out for the fine CP food.

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"And now for something completely different" MPFC

Unit ownership is a good way to invest in one’s future. While I’m not an investor who tries to time the market, it seems that the P/E ratio for Cedar Fair is currently favorable. One may as well own several units as opposed to 1, because you have to fill out same tax forms for one unit as several. Since Cedar Fair makes you wait until late march to get your schedule K-1 tax form, you may as well make it worth the wait.

I am a stock owner in Cedar Fair and the price is just about right for now... kinda of low but not to low... and it is on the rise.... there is money to be made..... shot I know people in CF Management that have over 100,000 shares of stock according to the reports they have to file... can you say I would live off the dividens each year!!! that alone can be over $145,000 a year!!

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Raptor DJ Marcus D
Visit me on the web at www.MARCUSD.com
E mail me at marcusd@marcusd.com

Yeah... look up FUN on E-trade and look at the insider trading. Mr. Kinzel's stake is worth millions! And his job isn't too bad either.

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Jeff
Webmaster/Guide to The Point
"And he says 'I'm goin' crazy up there at the lake...'"

Cedar Fair LP is only the second stock in my portfolio (Coke is the first--I'd love it if they got another Coke contract and ditched Pepsi). I've been interested in it for quite some time, but it wasn't until the split and the slow decline of the price to around $20 that I could afford to buy the 50 units to allow for enrollment in their dividend reinvestment plan.

I've been a unitowner for a only a short period of time (all of three months), but am excited for the prospects FUN has, particularly as they branch out more into the lodging and food sectors and away from the fiscal cyclical nature that seasonal amusement parks by their nature create (the move away from this nature, of course, done in part with the purchase of Knott's a while ago). Despite all the positive financial results of late, the price is still languishing under $20, but that's alright--that just means it's time to buy more and more until everyone else (hopefully) realizes this too and the price starts to rise consistently. Having bought more shares at a lower price is certainly nothing I'd complain about when the price starts to rise. And the increase in dividend to $.37 a unit effective the May distribution was a nice surprise.

As both a FUN unit holder and a CP season pass owner, I now find it my duty and obligation to visit all of the Cedar Fair parks to see the full extent of my (limited to date to be certain!) holdings. Naturally, I expect to have a thoroughly enjoyable time at all of them :-)

John

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"Thank you for riding [fill in name of ride], and enjoy the rest of your day here at [fill in name of park]."

Wow well put michigan man...ive never wanted to go buy stock until i read that little thought. You should be a broker. it wasnt even that hard to read.

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please send money

pRoZaC_kId

I bought all of 20 shares when it was down under 18 a few weeks ago. This is the best time to buy, as it has historically been the low point in the year.

My hope is that they do turn around and buy Visionland, the stock goes up, and it splits again. Wouldn't that be nice? It happened with Knotts, so here's hoping!

For now though, I just wish the tech stocks would make a little rebound!

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Jeff
Webmaster/Guide to The Point
"And he says 'I'm goin' crazy up there at the lake...'"

Hey Michigan man, i agree about the Coke thing. I really wish they would switch back to coke.

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HA HA HA, MELLENIUM FORCE, YEAH BUDDY!

I will be following the Visionland management takeover with particular interest. The option to buy it after the 5 years could, in fact, be quite beneficial if things turn out well, and certainly does expand their holdings in facilities that are possible of operating year-round (regardless of whether they do or not at the moment). I remain slightly skeptical about this agreement given the financial status of Visionland, however, but will refrain from passing further judgement for another 2 years or so.

prozac_kid: Thanks for the compliment! My knowledge comes from being a librarian in a business school at a Big 10 university (no, there's no bonus for guessing which one!) Even though I don't have a formal education in business, I've picked up plenty of useful knowledge both on the job and through classes I took while in grad school getting my librarian degree.

Coke, Coke, Coke! How I miss thee inside Cedar Point!! Look at the changes Pepsi has brought, though--the vending machines, sponsorship of the Summer Spectacular, etc.--if all of that was built into the bid, and Coke didn't match it (or did, but at higher cost to Cedar Fair), management went the correct route from a business standpoint (though I personally don't agree with it). I should look up annual reports from the early 90's to see if they say anything about this. Does anyone know if Pepsi products are sold across the board at all Cedar Fair parks?

John

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"Thank you for riding [fill in name of ride], and enjoy the rest of your day here at [fill in name of park]."

I actually was quite interested in buying some Cedar Fair stock-I contacted the broker who handles the stock I have invested with my company and asked him if I could switch it all over to Cedar Fair stock-he said no (go figure-then my company wouldnt match my contributions or something like that)
So I went to the internet to find an E-trade company-yes there are tons but all want at least 1K to join--sorry-1K well beyond my reach-all I want is to buy some stock-any clue how I can do this without involving a broker and obviousely without having to invest 1K?????
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Welcome back Raptor riders-how was your flight??

Never put your eggs all in the same basket. That's a bad idea. I assume you're talking about your 401(K). The idea is that your cash is spread across different places, usually a mix of mutual funds and your company's stock (if public) so that your money maintains a decent growth rate barring any kind of meltdown of Wall Street.

A broker can buy a few shares for you, but that $19 share will probably cost you a lot more if you don't buy in quantity. They'll nail you with commissions and fees. That's the beauty of on-line trading... flat transaction fees!

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Jeff
Webmaster/Guide to The Point
"And he says 'I'm goin' crazy up there at the lake...'"

FUN's share price will stay low for a while. The reason for the low price is due to the current interest rate. FUN is considered an income stock with a fairly steady rate of return. When interest rates go up, the price of FUN stock goes down accordingly because the reward vs. risk rises. WHy buy stock with a 7.5% return, when you can buy a CD that's guaranteed 7.25? When interest rates go back down, FUN will appear to be a better buy and the price will rise.

Of course, the price is not totally dependent on return, there is some speculation, but only a little. Don't expect to make much money of FUN appreciation until interest rates go down.

Peronally I think there's just a lot of apathy toward any stock that's not a dot-com these days. Hell, the company I worked for announced it was focusing more on its Internet ventures and the numbers went through the roof. Good for the old 401(K)!

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Jeff
Webmaster/Guide to The Point
"And he says 'I'm goin' crazy up there at the lake...'"

Timing the market is somewhat like trying to predict the crowd at CP. There are trends, but surprises as well. Cedar fair is a relatively aggressive investment suited for people who want portfolio growth. The key is time. Older investors who need stability would tend towards CDs, but younger investors can afford some risk. While there is a minimum for Cedar Fair’s reinvestment program, most big name houses have their own reinvestment programs. Though the cost of entry is high (about $42 per purchase transaction for my brokerage), no cost reinvestment for small investors is only one of several benefits you get. You also get a nice 1099 summary of your portfolio at the end of the year, and someone to call upon if some of your numbers don’t match. Keep in mind that ownership of Cedar Fair units makes you a general partner of Cedar Fair, and can make tax time more complicated than ownership of stock in a corporation like Coke or Pepsi. Also, Cedar Fair isn’t a good choice for Roth IRA accounts because of the tax status of some of their operations.

Sorry to bring up this golden oldie, but I have a question for all the FUN holders out there and this seemed like an appropriate thread for that. I have 10 units of Cedar Fair that I want to sell. Could someone please tell me the easiest way to go about doing so? I recieved it as a gift several years ago and I have no idea how to go about selling it. I need sell it as soon as possible and as you can tell, I am completely ignorant of how the stock market works. Thanks. *** Edited 10/12/2004 7:00:19 PM UTC by MmmPistolWhip***

I own a lot of units, but I buy and sell via an online broker. It's all electronic. Do you have physical certificates or something?

Thanks for the reply. Yeah, I have the actual certificate for ten depository units. It is kind of cool looking. I was thinking of just calling a broker, but I don't know if that is even what I need to do. I mean it is only ten units. Do brokers even bother themselves with something so small?

No idea. As long as I've had money to trade I've always done it online.