The Interpreter Posted March 5, 2010 Share Posted March 5, 2010 Cory...I thought you might ask a question that I myself wonder about. Who is buying those puts? Isn't that an interesting Q? Quote Link to comment Share on other sites More sharing options...
Cory Butcher Posted March 5, 2010 Share Posted March 5, 2010 Yes, it is an interesting Q. Q has quite a few equity options on the stock already. They could be part of it. That being said, it is a good question too! I really think that anyone who knows explicitly how to negotiate a "put option" on FUN right now, IS. Especially technical traders. Those guys reading graphs right now other than the 50-day moving average have got to be wearing out the mouse submitting short sells and negotiating put options! Even the fundamentalists for that matter have had a field day taking advantage of that supremely high debt load! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 5, 2010 Share Posted March 5, 2010 Do you mean stock market fundamentalists or religious fundamentalists? Terpy, who thinks it may well take a miracle for a private equity firm named for a god to prevail in this proposed merger... Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 5, 2010 Share Posted March 5, 2010 So, what is it like dealing with Q? One could ask Carl Icahn: http://www.thedeal.com/newsweekly/insights/q-and-carl:-unhappy-together.php Quote Link to comment Share on other sites More sharing options...
KIfan1980 Posted March 5, 2010 Share Posted March 5, 2010 I hate it when the billionaires are fighting over their next millions. It just gets so ugly. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 5, 2010 Share Posted March 5, 2010 I kind of doubt Mr. Kinzel had any idea what he was getting into with this one.... Quote Link to comment Share on other sites More sharing options...
coasterwhore Posted March 6, 2010 Share Posted March 6, 2010 sadly i have to agree with you. either way this ends bad him. in this corner q the other corner another big monster in the middle craig and his parks. i dont think either company realy cares about the parks. just some thing to sell off piece by piece 3/15/10 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 6, 2010 Share Posted March 6, 2010 Well, 3/15 is the Ides of March. The meeting, though, is 031610. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted March 6, 2010 Share Posted March 6, 2010 Beware the ides of March. Good old Shakespeare! I remember reading Julius Caesar in 10th grade. We had to memorize a passage from that play for English class that year. "Friends, Romans, countrymen, lend me your ear. I come to bury Caesar not to praise him. The evil men do lives after them, the good is oft interred with their bones; so let it be with Caeser." Alas, this is not a forum dedicated to Shakespeare. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 6, 2010 Share Posted March 6, 2010 Something or other about earS and a noble Brutus comes to mind... And a Hamlet and an ambitious son....he of Carowinds, I think... Quote Link to comment Share on other sites More sharing options...
coasterwhore Posted March 6, 2010 Share Posted March 6, 2010 man this is getting heavy 3/16/10 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 6, 2010 Share Posted March 6, 2010 Cedar Fair LITIGATION Hearing Postponed As Shareholders Near Settlement: http://www.morningjo...s/mj2412590.txt This one deserves reading in full. *A* relevant quote: ...Both sides are working out a possible settlement agreement that has been drafted in a memorandum of understanding, but is not complete yet, Rengel said.Under the settlement, Cedar Fair could file an amended statement with the federal Securities and Exchange Commission, including more financial information and details about deal evaluations performed by financial consultants, Rengel said. He declined to say if the settlement would include additional voting rights or payments to shareholders. On Thursday, Cedar Fair filed a supplemental statement with the SEC that included disclosure information about the deal, but it noted "there can be no assurance" that they will settle the case, according to the statement.... Some things: * This could, if it happens, but may not delay 031610. * And now we know why that investor presentation was filed with the SEC. * Yet again, not a peep from the crack staff at the Sandusky Register. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 9, 2010 Share Posted March 9, 2010 Cedar Fair Weighed Auction: http://toledoblade.com/article/20100309/BUSINESS03/100309723/-1/business05 This article deserves a full reading, but ends with this rather ominous paragraph: ...Egan-Jones said that alternatives to the sale were less favorable and a defeat risks a harmful effect on the company’s operations and its relationships with customers and suppliers. Again, where is the crack Sandusky Register? Since they seem to publish only when Ms. Frole sends them something or asks them to, their silence speaks volumes! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 9, 2010 Share Posted March 9, 2010 Three Leading Proxy Advisory Firms All Recommend Shareholders Vote Against Cedar Fair's Proposed Acquisition by Apollo FORT WORTH, Texas, Mar 09, 2010 (BUSINESS WIRE) -- Q Funding III, L.P. and Q4 Funding, L.P., the holders of approximately 18% of Cedar Fair, L.P.'s outstanding units, today announced that three leading independent proxy advisory firms, RiskMetrics Group, Inc., Proxy Governance, Inc. and Glass Lewis & Co. LLC, have advised their clients to vote "AGAINST" Cedar Fair's proposed acquisition by Apollo Global Management and "AGAINST" adjournment of the meeting.... http://www.marketwat...nk=MW_news_stmp or http://www.businessw...152&newsLang=en Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 9, 2010 Share Posted March 9, 2010 The crack staff at the Sandusky Register has now found the independent proxy advisors' advice: http://www.sanduskyregister.com/articles/2010/03/09/front/doc4b96b3353e37d977461025.txt I wonder if they did this on their own initiative or if Ms. Frole called them! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 9, 2010 Share Posted March 9, 2010 The Wall Street Journal, in an article which requires a subscription, is claiming that Six Flags creditors suspect Six Flags senior management and Avenue Capital have a plan to merge with Cedar Fair post bankruptcy, and that Apollo Management would be a source of financing....A Cedar Fair spokesperson declined to comment, as has Avenue Capital, Six Flags' senior management's financial backer... A short quote, which can be considered "fair use": ...Creditors of Six Flags speculate differently. They suspect investors led by Avenue plan to merge Six Flags with Cedar Fair once they gain control of the company in bankruptcy. Besides Avenue's pilgrimage to Sandusky, Ohio, they point to an email that indicated Six Flags' backers were eyeing Apollo Management LP as a potential source of investment.... A link cannot be provided, but if you are a subscriber, you can easily locate this article. 1 Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted March 10, 2010 Share Posted March 10, 2010 Now that would certainly making for some interesting situations if that were to pan out! But there would be a lot of ifs in there. I just don`t see that happening any time soon. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 10, 2010 Share Posted March 10, 2010 A very interesting and detailed article about the status of 031610: http://www.cleveland...quity_firm.html Quote Link to comment Share on other sites More sharing options...
bkroz Posted March 10, 2010 Share Posted March 10, 2010 Six Flags' Kings Island? While I may not agree with what they say, I'll defend to the death their right to say it. Quote Link to comment Share on other sites More sharing options...
Cory Butcher Posted March 10, 2010 Share Posted March 10, 2010 A very interesting and detailed article about the status of 031610: http://www.cleveland...quity_firm.html In regards to the last paragraph, I agree with Mr. Speed. For one, a merger of Six Flags with Cedar Fair would darn near constitute a monopoly. And a poorly capitalized one at that! Quote Link to comment Share on other sites More sharing options...
coasterwhore Posted March 10, 2010 Share Posted March 10, 2010 this keeps getting better and better Six Flags' Kings Island? While I may not agree with what they say, I'll defend to the death their right to say it. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 10, 2010 Share Posted March 10, 2010 See, I told y'all in that locked thread that there is no simple answer to what will happen and how it will affect Kings Island! http://www.KICentral.com/forums/index.php?showtopic=20934 Quote Link to comment Share on other sites More sharing options...
Beast1979 Posted March 10, 2010 Share Posted March 10, 2010 I can NOT wait to see how this pans out! Six Flags and Cedar Fair management, together with 35 parks under their grasp? MUA HA HA HA! *que evil background music* Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 10, 2010 Share Posted March 10, 2010 If Apollo is serious about merging Cedar Fair with Six Flags, they need to have their heads' examined. If ever there were a reason to vote NO on the merger proposal at Cedar Fair, this would be it. The timing for this Six Flags bankruptcy exit hearing could not be worse for one Richard Kinzel. I wonder if Avenue Capital met with Mr. Kinzel at Fridays, too? It's a two week trial for Six Flags, and it likely won't be over by 031610. Less than one week until the vote, and this comes out... Quote Link to comment Share on other sites More sharing options...
coasterwhore Posted March 10, 2010 Share Posted March 10, 2010 we go from 2 big rich companies making moves one inside one outside to 2 broke companies merging. this is such a bad idea its kinda like sears buying kmart just to have their land and product. to echo the man covering this 031610 is the day baby everything else is just smoke and mirrors Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 10, 2010 Share Posted March 10, 2010 The third spoken of is the Cedar Fair-Apollo proposed 'merger': At least three other companies that recently drew PE [private equity] interest traded above their deal prices for some time, but not at this minute. Two of three were sweetened – the third is sour, in the opinion of certain stakeholders....-Cedar Fair. Apollo Management LP’s deal for the amusement park operator offered a 28% premium. The units traded above the $11.50 offer price for most of January, but closed today at $11.11. The biggest stakeholder, hedge fund firm Q Investments LP, has said the deal undervalues the company. Neuberger Berman also opposes the buyout. On Tuesday, Q Investments said RiskMetrics, Proxy Governance and Glass Lewis have all given the deal a thumbs-down.... (bracketed language added by this poster for clarity)http://blogs.wsj.com/privateequity/2010/03/09/different-fast-food-chain-so-we-cant-use-the-word-arby-trage/ Quote Link to comment Share on other sites More sharing options...
standbyme Posted March 10, 2010 Share Posted March 10, 2010 ...a merger of Six Flags with Cedar Fair would darn near constitute a monopoly. That WOULD be an awful monopoly....and here I thought it couldn't get any worse than the latest version of Monopoly that was just introduced! Quote Link to comment Share on other sites More sharing options...
coasterwhore Posted March 10, 2010 Share Posted March 10, 2010 at least when cp bought ki it was quick and easy. they came in and fired senior people and moved on. this new disaster could go on and on and on and on. i feel for the few that have survived this long in upper managment. Quote Link to comment Share on other sites More sharing options...
Cory Butcher Posted March 10, 2010 Share Posted March 10, 2010 at least when cp bought ki it was quick and easy. they came in and fired senior people and moved on. this new disaster could go on and on and on and on. i feel for the few that have survived this long in upper managment. I would hardly call that quick and easy. Quote Link to comment Share on other sites More sharing options...
Tomkatt7 Posted March 10, 2010 Share Posted March 10, 2010 Please excuse my ignorance for not already knowing this. If Six Flags and Cedar Fair were to merge under Apollo Management, would that be every major park in the country being owned by one group? Quote Link to comment Share on other sites More sharing options...
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