Carowinds2005

I kinda saw this coming when I saw his page on Linkedin a few weeks back... http://www.linkedin.com/pub/peter-crage/10/a57/899

Now, wouldn't it be pretty awesome if Al Weber or Jane Cooper became the new CEO of Cedar Fair? I say, Yes.

Q has just pushed the big red button.

Today, Carowinds also announced new nightly fireworks show, called Illuminations, to light up the night! The nighttime entertainment offering are highlighted by the extension of Carowinds’ operating hours till 10pm from June 27 – August 7. http://www.facebook.com/#!/photo.php?fbid=483272143598&set=a.125492718598.106289.91085023598 http://www.carowinds.com/public/park/shows/index.cfm?id=204

CF Story

My opinion of this is that I would like to see more diversity on the board and I do believe that the board hasn't been very attentive to the business. However, I think that the second point about reinstating a larger dividend really blows the whole thing for me. As much as I would like to get paid more I believe that this company does need to reduce debt. Six Flags that Q keeps comparing FUN to did just this through the bankruptcy process and that is part of the reason that its stock price has been improving. I also don't believe that much larger dividend payments are allowed under the credit facility. I would almost at this point say the dividend is the worst use of cash. I would like to see debt repaid first, secondly capital investment, and thirdly cash returned to unitholders. So I really think that Q is now out for a short term profit and really doesn't care about the long term value of the business.

Q Funding, the largest unitholder of Cedar Fair, said in a proxy statement that it wants to solicit votes to separate the roles of CEO and chairman of the board, and reinstate the distribution. The filing states that the board has a "country club atmosphere" because of Kinzel has hand picked them. Also, states that the company has gone through a lot of questionable decisions because of no separation of power. Very! Interesting read. SEC Filing

Carowinds had a power outage a three weeks ago around 5 pm and the park closed at 8pm. A major storm had moved in and hit a generator a few miles down the road. As a result the park issued Twilight after 4 tickets which I thought was a very nice gesture.

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The article states that the 92 page merger document was made online Thursday. Do you know where it is located?

This is probably what you saw. Its the name/title of a concert presented by a Charlotte radio station. http://www.power98fm.com/

Well. It looks like Carowinds has posted the names of the rides that will be changed in Planet Snoopy. http://www.carowinds.com/attractions/category.cfm?ac_id=7

It looks like California's Great America will be receiving a Plant Snoopy also! More details soon. Scroll to the bottom. http://www.cagreatamerica.com/events/events.cfm

Most of the schools in the area are out for Spring/Easter break so thats the reason for the Friday opening.

Sorry. The links are now fixed.