Mike Cooper

Six Flags Is No Bargain Even at a Buck

I would like to point out to ubu_ibi and others above who are investing in this stock for sentimental reasons that NO ONE is talking about Six Flags dissolving. Your dreams and memories are safe!

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

I'm sure there must be other blogs out there to review vacation experiences. The author is wasting our time here. Perhaps he would like to post some home movies of his experiences too?

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.