Cedar Fair Q1 Loss Narrows On Extra Days

[The Interpreter]

http://biz.yahoo.com/ap/080506/earns_cedar...nment.html?.v=1

Company press release:

http://money.cnn.com/news/newsfeeds/articl...____CLTU024.htm

[welchce]

Admission revenue rose to $17.6 million from $11.3 million, while food, merchandise and games sales improved to $17.7 million from $14 million.

So people are spending as much on Food, Merchandise, and Games as they are on Admission?

[WooferBearATL]

Admission revenue rose to $17.6 million from $11.3 million, while food, merchandise and games sales improved to $17.7 million from $14 million.

So people are spending as much on Food, Merchandise, and Games as they are on Admission?

Really not a great indicator of what is happening.

Ya have to remember, 1Q is based upon most of CF's parks not even operating. (And the ones that are operating, have only done so for a week or three.)

[The Interpreter]

And funny how when it benefits the company to do so, you hear about EBITDA all over the place...but when that measure doesn't show the results that traditional results do, EBITDA is not emphasized...

[welchce]

Ya have to remember, 1Q is based upon most of CF's parks not even operating. (And the ones that are operating, have only done so for a week or three.)

But wouldn't the admission numbers still include season passes purchased? And you can't really get any food or play any games when the park isn't open.

[WooferBearATL]

Ya have to remember, 1Q is based upon most of CF's parks not even operating. (And the ones that are operating, have only done so for a week or three.)

But wouldn't the admission numbers still include season passes purchased? And you can't really get any food or play any games when the park isn't open.

That's just it.

It's based upon very limited numbers and the few days that a few parks were open.

[welchce]

I guess I'm just confused with how the food/games/merchandise numbers could be more than the admission when people aren't in the parks but can still purchase tickets.

[The Interpreter]

As Mr. Kinzel said during today's conference call, season's pass (his term) sales are amortized and the revenue recorded when the guest visits are anticipated...not when sold.

[WooferBearATL]

As Mr. Kinzel said during today's conference call, season's pass (his term) sales are amortized and the revenue recorded when the guest visits are anticipated...not when sold.

OH WOW! New Math .... CF Style!

[cholderfield]

As Mr. Kinzel said during today's conference call, season's pass (his term) sales are amortized and the revenue recorded when the guest visits are anticipated...not when sold.

OH WOW! New Math .... CF Style!

Anticipated meaning...when they feel like recording them?