No orcas breeding a big deal for SeaWorld, tips FBR

|About: SeaWorld Entertainment Inc. (SEAS)|By:, SA News Editor

FBR Capital Markets thinks SeaWorld Entertainment (SEAS +3.2%) will see a significant benefit from its decision to stop breeding orcas.

EBITDA is seen improving by as much as $25M-$65M annually as defensive marketing costs are trimmed and attendance improves.

FBR says the exit is worth $2 to $8 per share to the Outperform-rated company. SEAS is up over 12% since the Orca announcement.

Previously: SeaWorld Entertainment to end orca breeding (Mar. 17 2016)

Previously: SeaWorld soars after bowing to orca criticism (Mar. 18 2016)

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