Six Flags Entertainment (SIX) is a summertime favorite. SIX has 18 amusement parks located across North America. Its properties include various theme parks, thrill parks and waterparks. The company has a solid moat given its high-barriers to entry, and since emerging from bankruptcy the company is being underappreciated.
Leading up to its 2009 bankruptcy, cash flow started tightening and the company eventually buckled under the pressure of debt payments.
The global financial crisis played its part in pressuring the company, but company specific issues, such as management missteps and limited offerings. Going forward, management changes and a clearer vision should serve investors well.
Back from bankruptcy
This stock has taken investors on quite a ride over the...