The Interpreter Posted October 18, 2008 Share Posted October 18, 2008 http://www.thestreet.com/story/10443069/1/...E&cm_ite=NA http://seekingalpha.com/article/99730-divi...-round-10-17-08 Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted October 18, 2008 Share Posted October 18, 2008 I will be interesting to hear whats in the call. From what I heard from my friends down south is that things hadn't looked good down there from around the end of July. On a recent trip to the point it also seemed a little slow up there to me. Quote Link to comment Share on other sites More sharing options...
G-Force Posted October 18, 2008 Share Posted October 18, 2008 Well, as odd as it sounds, comfort foods are doing good right now, or at least Cramer says so. So, wouldn't other luxuries/recreations be doing good now also? Quote Link to comment Share on other sites More sharing options...
Kman6 Posted October 18, 2008 Share Posted October 18, 2008 I recently bought more when it fell below $20. And considering buying more... its paying a little over 10% in dividends and I have mine reinvested which just continues to add up over time. It really is a good time to buy FUN and there are lots of other good companies out there right now that will be pay off in the long run if you are a patient investor. Quote Link to comment Share on other sites More sharing options...
cholderfield Posted October 19, 2008 Share Posted October 19, 2008 Jim Cramer, in my opinion, is a JOKE...unless I didn't know any better, this recommendation is a call to, as he puts it, SELL SELL SELL!....he called the "bottom" to the market somewhere in the 11,000s...and he always reverses himself - sometimes on the very next show!... Quote Link to comment Share on other sites More sharing options...
Cory Butcher Posted October 21, 2008 Share Posted October 21, 2008 Cramer, is occasionally off and occasionally right, his advice is right I would say somewhere around 4 out of 10 times. which in investment circles is decent. Being off 6 times doesn't mean you are losing money. He does reverse his ideas quite a bit though... I actually have a list that I have had compiled since April of stocks with a buy target and a sell target for each one. I have had FUN at buy around $17 and was waiting for this time. It's currently below 17 and the recreation/comfort companies (not necessarily hotel companies) have been doing well on earnings/profits, and gross margins. I have to reiterate what Cramer stated. Strong Buy in my book. And, for income investors, its price should not matter too much, that 10% yield is juicy. He was a little early in calling his bottom, it was a good educated prediction however, for long investors. Many indicators are showing the credit market easing, and producers of commodities i.e. farmers according to Monsanto still have easy access to credit. I am ready in my young, yet informed investment opinion to call a bottom on the market BUY, BUY, BUY! Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted October 21, 2008 Share Posted October 21, 2008 Insider trading says a Darrel D. Anderson sold 30000 shares on Oct 16 and 17. He must think he has lost all he can so he is selling so he don't recover any loss when FUN is about to go up. From what little I know is that stocks will go up when a company makes more money. At this point I have not heard or seen anything to make me think FUN is going to have big profits over last year. Other than the price of the shares that is lower, what has changed to make you want to buy? Quote Link to comment Share on other sites More sharing options...
RailRider Posted October 21, 2008 Share Posted October 21, 2008 What made me want to buy? Simple, insanely cheap price about a week ago when it was hovering between $12 to $13 and they have been trending a 3% attendance increase this year. Also early reports from Michigans Adventure recorded record attendance this year. Looked to me that FUN stock was severly undervalued and by this time next year I see it being in the mid to high 20's Quote Link to comment Share on other sites More sharing options...
cholderfield Posted October 21, 2008 Share Posted October 21, 2008 Cramer called the bottom at 11,600...he literally said, "i'm calling the bottom today! right here!"....oops...he has too many slip ups, too many reversals, many times saying "buy this stock or in this industry" and then the very next show saying you shouldn't own that stock or in that industry...you may as well throw some stocks in a hat and pick them randomly - it would probably perform as well as Cramer's picks... Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted October 21, 2008 Share Posted October 21, 2008 The way I understand is the debt in coming years is going to put a stranglehold on FUN. Then all it's going to take is a bump in the road and your juicy yield will become a milkshake and the banks will be drinking your milkshake. I would guess FUN will get hit with some higher tax's soon and that is not going to help either. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted October 22, 2008 Author Share Posted October 22, 2008 Not to mention the current yield is financed as part of those loans.... Quote Link to comment Share on other sites More sharing options...
Cory Butcher Posted October 22, 2008 Share Posted October 22, 2008 Insider trading says a Darrel D. Anderson sold 30000 shares on Oct 16 and 17. He must think he has lost all he can so he is selling so he don't recover any loss when FUN is about to go up. From what little I know is that stocks will go up when a company makes more money. At this point I have not heard or seen anything to make me think FUN is going to have big profits over last year. Other than the price of the shares that is lower, what has changed to make you want to buy? Be very, very, very careful how you use the term "insider trading". Yes, it really is that taboo! Trading of a stock by insiders of a company are filed WEEKS in advance, sometimes months in advance. He may have sold 30,000 shares officially on Oct 16 and 17, but I can nearly assure you that decision was made a while back, so it is not necessarily indicative of the his thoughts on the valuation of FUN stock currently. People sell stock for a variety of reasons completely independent of the prospectus of the stock they may own. They may be looking to pick up on a stronger trend on another stock or may just need the money for other endeavors. Decisions made by insiders are not always what they seem, and sometimes they are... As for me, the stock is at 17 in an industry seeing the major competitor doing poorly and Disney still holding their own in what was thought to be a tough year originally for profits. And yes that yield is financed by the banks currently. But if people were made to be pessimistic on opportunities then there would be no stock market, as no one would be buying Hey Railrider, I like my Investment coupons how about you? Even better is a buy one get one free that FUN is selling for in comparison to its 52-week high! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted October 22, 2008 Author Share Posted October 22, 2008 As Mr. Kinzel and Mr. Shapiro will both tell you, the major competitor for either SIX or FUN is NOT the other company, but other amusements...as in movies, dvds, family entertainment centers, the local pool, etc. There is virtually no significant competition for customers between SIX and FUN. Both own regional parks, and in almost no market do they compete against each other in any significant way. Even in Los Angeles, their is more competition with Disney than with each other, but the most significant competition for either there is the other forms of amusement, not Disney. Quote Link to comment Share on other sites More sharing options...
RailRider Posted October 22, 2008 Share Posted October 22, 2008 Hey Railrider, I like my Investment coupons how about you? Even better is a buy one get one free that FUN is selling for in comparison to its 52-week high! Yes I like my discounted coupons very much, right now they have already made me a few Nickles My thought and its been said by those much smarther than I, regional amusement park chains like CF and others will pretty much hibernate through the rest of the year and when they open their gates again the credit crunch is predicted to be over or atleast rebounding. So the general public will have a positive feel and will visit their local park. Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted October 22, 2008 Share Posted October 22, 2008 I haven't looked at the stocks for some time and just looked at SIX. That stuff is on sale you might want to get some with a deal like that. If you look at a 2yr chart of SIX it looks a little like FUN and that look would be a falling knife or sinking ship. SIX needs to do the reverse split so someone can make some money with a short. Quote Link to comment Share on other sites More sharing options...
RailRider Posted October 22, 2008 Share Posted October 22, 2008 Problem is a reverse will not be enough to keep them on the market. They are nowhere close to being over $1 per share. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted October 22, 2008 Author Share Posted October 22, 2008 Uh...a reverse split can be at any factor, including, for instance, 50:1. The stock price is among the least of SIX's problems right now. Omitting financial obligations they have agreed to, and the prospect of doing so in the future, is a much bigger problem. Quote Link to comment Share on other sites More sharing options...
RailRider Posted October 23, 2008 Share Posted October 23, 2008 Overall does it really matter what they do at this point? I think they are too far down the slippery slope to have a chance of grabbing hold before they fall off the cliff of bankruptcy. Quote Link to comment Share on other sites More sharing options...
Captain Picard Posted November 20, 2008 Share Posted November 20, 2008 How are them Nickles doing? One would have to wonder if the juice is worth the squeeze. Quote Link to comment Share on other sites More sharing options...
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