italianchef Posted July 10, 2007 Posted July 10, 2007 It seems that Cedar Fair is seeking a buyer that will keep its management team in place. What do you THINK the future of Cedar Fair is? Quote
Captain Picard Posted July 10, 2007 Posted July 10, 2007 If it's all as it looks there will be no buyers and at some point they will have to try to refinance the existing debt. At that point they are going to find that they can't at reasonable rate and things will get worse. Quote
welchce Posted July 10, 2007 Posted July 10, 2007 I don't see anyone buying CF but still letting them mange it. I voted for selling GL and other small parks to pay off the debt. Quote
BoddaH1994 Posted July 10, 2007 Posted July 10, 2007 It wouldn't be too lofty of a business decision to purchase such a large chain and not maintain control of it. I'm guessing they'll sell off some properties they don't need and they'll be fine. Quote
italianchef Posted July 10, 2007 Author Posted July 10, 2007 Geauga Lake is not earning enough money. It ought to be sold, even for real estate. Star Trek: The Experience doesn't fit well into a traditional amusement park chain. It ought to be sold. Selling those 2 parks alone would reduce debt. Additionally, I'm sure CF can sell a one or two water parks for more to reduce debt. We'll see what happens. Have a great day! Italian Chef Quote
hauntguy Posted July 11, 2007 Posted July 11, 2007 I voted for selling off some properties!!! -Hauntguy Quote
DropZone99 Posted July 11, 2007 Posted July 11, 2007 Geauga Lake is not earning enough money. It ought to be sold, even for real estate. Star Trek: The Experience doesn't fit well into a traditional amusement park chain. It ought to be sold. Selling those 2 parks alone would reduce debt. Additionally, I'm sure CF can sell a one or two water parks for more to reduce debt. We'll see what happens. Have a great day! Italian Chef I agree, sell Geauga Lake, The Star Trek thing, Michigan's Adventure, and Gilroy Gardens. =] Quote
CoasterXtreme Posted July 11, 2007 Posted July 11, 2007 Geauga Lake is not earning enough money. It ought to be sold, even for real estate. Star Trek: The Experience doesn't fit well into a traditional amusement park chain. It ought to be sold. Selling those 2 parks alone would reduce debt. Additionally, I'm sure CF can sell a one or two water parks for more to reduce debt. We'll see what happens. Have a great day! Italian Chef I agree, sell Geauga Lake, The Star Trek thing, Michigan's Adventure, and Gilroy Gardens. =] They only own to of those Geauga Lake and Michigan's Adventure they manage the other two. Quote
mutedarkness Posted July 11, 2007 Posted July 11, 2007 geauga lake isnt worth 1.2 billion. FYI. plus. we gotta wait to see if GL is making a better profit with the adjustments they did. whens Q2 end? Quote
DropZone99 Posted July 11, 2007 Posted July 11, 2007 In the next few years i think GL will remove all rides, and just become a waterpark. So i think CF should sell it, they already have enough parks in Ohio. =] Quote
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