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Mike Cooper
13 Comments
Six Flags Is No Bargain Even at a Buck
Six Flags is an eminently cash-profitable enterprise with simply too much debt. If it with does enter bankruptcy it will reemerge debt free and under new management. The only thing about Six Flags that will disappear is the stockholders' money!
ubu_ibi I strongly urge you to take your 401K money out of this stock. Even those who are bullish on this stock must agree that it is a risky investment and no place to put retirement funds.
Six Flags Is No Bargain Even at a Buck
That said, his major critics here are not offering much by way of repost. As an investor I don't care if the current owners are getting a raw deal or if amusing guests day after day is just so hard! (cue violins). Don't know about you but I'm in this for the money. And I don't see any here. The authors figures are right. In a labor intensive industry like amusement parks, $972 million in gross revenue cannot service $2.4 billion in debt. The economy will limit attendence in the short and medium term and there are no rabbits left in this hat.
I haven't heard anyone who has dumped on this author suggest how Six Flags is going to bridge the gap. I would like to.
Bill Gross To 'President' Obama: Double The Deficit
Wireless War: 4G Battle Lines Have Been Drawn
Disclosure: I own a little Alvarion and will own a little more once my tax rebate check comes in.
Palm Girds for a Smartphone Comeback
If they are about to come out with a new phone now, it's going to be a Windows Mobile device. Has anyone else noticed that NO company has ever made a consistent profit off a Windows Mobile device? Such a device would be immediately judged against the Samsung Instinct that just came out; that is against a new device of a new entrant to the market. The iPhone market would barely twitch. Palm, the supposed market veteran, would have to chop its prices below Samsung to stay in the game, and it cannot afford another second tier $99 giveaway eating at its own declining Treo market.
And the new Linux-based platform they are supposed to be creating? Where/What/When is it? Palm is playing that card so close to its chest, that we don't even have a firm date! We're given no details about it which tells me there are no details to give.
Sadly, I believe Palm's window of opportunity has passed. Even a home run at this point would do no good when they have lost the ball park.
Zongshen Power: Potential E-Bike Growth Should Lift Stock
Congressional Insanity: Sue OPEC over Oil Prices
Netflix's Roku is Doomed to Fail
And your belief that customers will pass on Roku when they can simply (theoretically?) stream PC content to their Xbox 360 game console just as soon as they figure out how to hack the Netflix/Microsoft DRM...what the hell was that?? How much money have you got invested in the belief that ANYONE is going to do that??
And your reasoning about "people not wanting more boxes in their living room", stumbles on your strange definition of "people". Maybe the kind of advice your making here actually earns you enough to own a satelitte dish or digital cable (at least you didn't say both!), an Xbox 360, full home theater, TiVo, AppleTV and a stereo system along have a "Media Center PC" doing nothing in an attic (or was it in your home office? I forget...). Unfortunately most "people" don't have the problem of too many $1000.00 + toys cluttering up their living rooms.
Can Icahn Bring Microsoft's Bid for Yahoo Back?
If Ballmer is willing to come to the table at all following Icahn's palace coup it will be with a number that will put Icahn in exactly the same hotseat that Yang is in now!
Apple's $199 iPhone Is a Game-Changer
Why Is Red Hat Abandoning Linux for PCs?
RHAT knows the GUI flavor of the month is Ubuntu. Between Microsoft being dominant, Apple being the best and Ubuntu being fashionable, where is the money here?
YHOO/GOOG Deal Would Be Anti-Competitive - Microsoft
The moral: NEVER trust a commercial business to define the term "fair competition" for you. Just don't bother listening. Ever.
Yahoo Goes Scorched Earth
And there's the rub. Yahoo has got it, but every indication is that Microsoft will lose it if/when it takes over. The IT culture wars, in which Bill Gates plays a 4-eyed Darth Vader, is alive and well there. I can guarantee you, that Yang's maneuvering, however anti-shareholder, is getting rave reviews from the employees.
I forsee Microsoft winning this battle but winding up with a $40+ billion empty shell of a company. How can they not see that?