Six Flags: Next Stop Is Bankruptcy

Six Flags (SIX) is creeping ever lower. The company reported disappointing guidance and will take a charge of about $30 million. The next stop for SIX is bankruptcy. SIX was inducted into my list of worst managed companies in the United States.

Here is a thought. Eddie Lampert buys up the $2.5 billion of debt for pennies on the dollar, takes control of the company in bankruptcy court, sells the amusements off to other operators for scrap metal and then owns the prime SIX real estate for well below market value.

Comments

[TroyGT:]

With the addition of new rides at most of the parks and agressive pricing for the 2008 season I am sure Six Flags has long way to go.

2008 Apr 29 07:36 PM

[TroyGT:]

I think Six Flags will live a lot longer as they have revised their marketing and sales strategies.

2008 Apr 29 07:40 PM