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The bottom falls out at SeaWorld Entertainment

  • Shares of SeaWorld Entertainment (SEAS -33.9%) crash to below $20 as the company openly acknowledges that the documentary Blackfish kickstarted a damaging lobbying campaign against the captivity of Orca which has hurt park traffic.
  • The stock traded in the upper $30s before the PBS show first aired.
  • Blackstone (BX) reportedly turned down several bids over the years for its sizable stake in SeaWorld, preferring to launch an IPO early last summer.
Comments (14)
  • jurkojc
    , contributor
    Comments (69) | Send Message
     
    Just let it go.
    Much like society is letting go of the GMO's.
    We will be so much more the better for it.
    Shame on Blackstone.
    13 Aug, 01:40 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1107) | Send Message
     
    BX makes investments based on economics. I own BX and don't blame them for their investment but I'm glad the movie came out and people are now aware of how harmful these parks are to the Orcas.

     

    “The greatness of a nation and its moral progress can be judged by the way its animals are treated.”
    ― Mahatma Gandhi
    13 Aug, 03:22 PM Reply Like
  • Greyfox070
    , contributor
    Comments (39) | Send Message
     
    You have no idea how SeaWorld treats animals. The parks spent millions and millions of dollars rehabilitating, rescuing, and assisting in the recovery of endangered species. Are they perfect? No. Should anyone be in the water with Tilly? Probably not. Are they liable for the death of the trainer? Probably. (innocent until proven guilty). Does this in any way overshadow their long record of accomplishments in animal rehabilitation and education? No WAY.

     

    I suppose now you would like to see all zoos closed as well. No one talks smack about tax-payer funded zoos, but when a private business wants to make money from whales, well, we just can't have that can we...
    13 Aug, 03:32 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1107) | Send Message
     
    Once again, I have absolutely no problem with BX's investment or the private ownership. If people want to go see the orcas, they can, but "Blackfish" provides a look to how the orcas are treated. More information is almost always preferable to less.

     

    I'm not going to argue about this any longer as it's all a personal view on whether this behavior should be condoned.
    13 Aug, 03:40 PM Reply Like
  • TTWOholder
    , contributor
    Comments (20) | Send Message
     
    You should not eat any meat based on you belief. when you eat you hurt plants too so you better not eat at all.
    13 Aug, 11:36 PM Reply Like
  • Greyfox070
    , contributor
    Comments (39) | Send Message
     
    This "Blackfish" story is one of the most ridiculous I'v ever seen. No one, and I mean NOBODY, made a peep when Anheuser-Busch controlled the parks. These PETA morons knew better, knowing that the mighty weight of A-B would crush them and/or discredit them.

     

    What many forget is SeaWorlds (whichever flag it flies under) infallible record and commitment to the education of the public on animal issues and the rescue and rehabilitation of many endangered species. SeaWorld parks are more of an educational attraction than "theme park" and I find it hard to believe that Americans are staying away because some lunatic PETA-head says so.

     

    And, as usual, others have buckled under the pressure. Southwest ($LUV) gets 20,000 signatures asking to repaint the whale planes and gives in, ending 25 years of a wonderful partnership. Sad.

     

    I wish I didn't have to keep reminding myself that this is the greatest country on Earth.
    13 Aug, 01:48 PM Reply Like
  • vettes4me
    , contributor
    Comment (1) | Send Message
     
    I believe there are a lot lot more folks who appreciate what Sea World is all about than there are PETA pukes. Maybe we should boycott south west airlines as a counter statement.
    13 Aug, 02:43 PM Reply Like
  • jrfrankln
    , contributor
    Comments (3) | Send Message
     
    It is typical overreaction to prejudical programming. Seaworld will recover. Unfortunately we live in a world where minority opinion rules the political correctness debate.
    13 Aug, 03:07 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1107) | Send Message
     
    So you think some people not supporting animal cruelty is just political correctness?

     

    I suggest you watch it on NetFlix.
    13 Aug, 03:18 PM Reply Like
  • Greyfox070
    , contributor
    Comments (39) | Send Message
     
    So everything you watch on NetFlix is gospel? You've just been tossed into the "mindless drone" pile.
    13 Aug, 03:23 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1107) | Send Message
     
    Greyfox, it was a documentary and much of the footage was from and about people who actually worked at SeaWorld.

     

    Please point out to any major inaccuracies about how SeaWorld is harmful to orcas with evidence. Your really think orcas aren't better off in the wild? This is similar to how terrible elephants are treated in circuses. I look forward to your response.
    13 Aug, 03:31 PM Reply Like
  • Bailey Boy
    , contributor
    Comment (1) | Send Message
     
    Personal views aside, once documentary aired Seaworld should have taken better and faster countermeasures. Goes for BX as well. This is business not personal. Though I will say I saw the documentary and will never take my family to Seaworld.
    13 Aug, 04:18 PM Reply Like
  • Jaehyuk Choe
    , contributor
    Comments (17) | Send Message
     
    "Personal views aside" lolol
    15 Aug, 10:21 AM Reply Like
  • Hope128
    , contributor
    Comments (107) | Send Message
     
    $BX has trimmed stakes in Seaworld over the time, by Mid April they reduced the stakes to 22% (20M shares), they sold most shares at lease 10% over IPO price. We don't know if they continue to sell more stakes over last couple of months.
    13 Aug, 05:39 PM Reply Like
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