In March and early April the market was pricing FUN as if it were going bankrupt. In my mind bankruptcy is now off the table due to financing moves made.
The company has a remarkably recession resistant business which could thrive if air travel continues to be restricted and Americans are forced to stay regional for summer trips.
COVID-19 has provided the best possible reverse psychology trick imaginable for a successful re opening.
As you likely already know, Cedar Fair (FUN) has been on a roller coaster of its own in the last few months, starting February in the mid $50's and cratering all the way