The Interpreter Posted August 9, 2007 Share Posted August 9, 2007 http://www.fool.com/investing/dividends-in...-fair-bear.aspx Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted August 9, 2007 Share Posted August 9, 2007 I think having that guy on the CB podcast was way too early. They really put CF in an awkward position. Quote Link to comment Share on other sites More sharing options...
Browntggrr Posted August 10, 2007 Share Posted August 10, 2007 If I close my eyes, I'm at Cedar Point, ratcheting to the top of the Millennium Force roller coaster, Ratcheting to the top of MF? When I notice things like this, my wife has the pleasure of calling me a coaster geek. Quote Link to comment Share on other sites More sharing options...
jzarley Posted August 10, 2007 Share Posted August 10, 2007 I think having that guy on the CB podcast was way too early. They really put CF in an awkward position. Perhaps, but all he really did was restate the rumor that had been printed in the Post. (And, let's face it...it's not like CB's podcast is where most of the investment community is looking to for advice ) I think CF's poor PR response to the initial story (which, I suspect, had more than a passing grain of truth) did more to make their situation awkward more than anything else... Browntggrr-that's hilarious. When I first read the article I thought "he should have used Magnum in that metaphor" Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted August 10, 2007 Author Share Posted August 10, 2007 It is good to also remember that the author had been a huge backer of Cedar Fair and its management for many, many years and had strongly and consistently recommended the units. This article is not good news for the company. It appears to this reader that the author of the piece has been slowly changing his outlook of the company for about the past year. . . Quote Link to comment Share on other sites More sharing options...
jzarley Posted August 10, 2007 Share Posted August 10, 2007 Well, even the most ardent fan of CF should be able to see the writing on the wall in this case... A quick look at the balance sheet and recent financial performance tells you that this is a company that's in a lot worse shape today then they were two or three years ago. Acquisitions like the Paramount Parks deal are supposed to increase value through synergies, yet Cedar Fair is less profitable today than they were before acquiring PP (and not just in margins, but in real dollars). I still hope that these are still just the growing pains of such a large acquisition, but the current FUN financials should give anyone pause... Of course, to be fair, other than Disney, all of the North American park companies seem to be challenged right now. It's a tough business from the start, and current conditions dont' seem too favorable. I still say CF should have bought GWL instead of Paramount Parks Quote Link to comment Share on other sites More sharing options...
Dvo Posted August 10, 2007 Share Posted August 10, 2007 I don't really see why they needed to buy anything. They were doing fine before. Quote Link to comment Share on other sites More sharing options...
ragerunner Posted August 10, 2007 Share Posted August 10, 2007 Well, even the most ardent fan of CF should be able to see the writing on the wall in this case... A quick look at the balance sheet and recent financial performance tells you that this is a company that's in a lot worse shape today then they were two or three years ago. Acquisitions like the Paramount Parks deal are supposed to increase value through synergies, yet Cedar Fair is less profitable today than they were before acquiring PP (and not just in margins, but in real dollars). I still hope that these are still just the growing pains of such a large acquisition, but the current FUN financials should give anyone pause... Of course, to be fair, other than Disney, all of the North American park companies seem to be challenged right now. It's a tough business from the start, and current conditions dont' seem too favorable. I still say CF should have bought GWL instead of Paramount Parks I know we discussed this about a week ago, but with the credit issue growing worse in the world financial markets CF is going to have a tough time finding anyone to help them financially. CF needed the economy to run like a well oiled machine to make this acquisition work out and that appears, at the moment, not to be happening. Quote Link to comment Share on other sites More sharing options...
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