RailRider Posted March 10, 2009 Share Posted March 10, 2009 SIX Full Year and 4Q Results Yet still the stock hovers around $.21 for the day. Time to sell. Quote Link to comment Share on other sites More sharing options...
AintNutinElse2Do Posted March 10, 2009 Share Posted March 10, 2009 You wouldn't get much selling the stock at that price. It's really more like time to buy the stock if you haven't already. In general, consumers will have to start showing more confidence if we are to pull of the recession. Quote Link to comment Share on other sites More sharing options...
RailRider Posted March 10, 2009 Author Share Posted March 10, 2009 Sorry I wasn't refering to time to sell the stock, but time to sell the parks off or go bankrupt. Quote Link to comment Share on other sites More sharing options...
tigellinus Posted March 10, 2009 Share Posted March 10, 2009 Hey RR, lemme ask you this....you know how after the BK filing HRP went for a scant $25 mil?? How legitimate would the strategy be for Red Zone to intentionally go bankrupt, then have Danny Boy-Dan Synder swoop in to pick up the chain as a private individual (since, at least before the economic downturn, he was a billionaire) for a few hundred million, and start anew as a private company with no debt! Why would such a thing not be plausible?? Quote Link to comment Share on other sites More sharing options...
RailRider Posted March 10, 2009 Author Share Posted March 10, 2009 Would definately be possible to pick up the SIX parks at a greatly reduced cost if SIX goes bankrupt. Im not sure SIX has to intentionaly make it happen either, they are being pushed that way and I think it will happen soon enough. Im not sure Snyder wants anything to do with all of the parks, I could see him picking up a few but nowhere near the number they have now. Quote Link to comment Share on other sites More sharing options...
Cory Butcher Posted March 10, 2009 Share Posted March 10, 2009 Hey RR, lemme ask you this....you know how after the BK filing HRP went for a scant $25 mil?? How legitimate would the strategy be for Red Zone to intentionally go bankrupt, then have Danny Boy-Dan Synder swoop in to pick up the chain as a private individual (since, at least before the economic downturn, he was a billionaire) for a few hundred million, and start anew as a private company with no debt! Why would such a thing not be plausible?? That would not happen. The government would not like an individual bankrupting a holding firm that they own to re-buy their own majority owned property debt-free. If Dan Snyder wants to take the company private, he would have to buyout all shareholders with his own cash on hand. Not to mention for a hand full of pennies on the dollar and with many less headaches, Snyder and Red Zone could pick up the rest of the chain for somewhere near where they could even if they went bankrupt and re-purchased the chain debt-free (If the government were to allow it). It won't happen. Also, if Snyder wanted to infuse SIX with more cash, he really could. He owns the Washington Redskins, and that is where he is currently putting his money. Not into his theme park holdings, or should I say his current theme park holdings. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted March 11, 2009 Share Posted March 11, 2009 It should be noted in passing that a major investor in Six Flags is and remains Bill Gates. . . Quote Link to comment Share on other sites More sharing options...
RailRider Posted March 11, 2009 Author Share Posted March 11, 2009 Yeah and poor Bill has taken a beating. Quote Link to comment Share on other sites More sharing options...
tigellinus Posted March 11, 2009 Share Posted March 11, 2009 ^^Karma for Vista!!! Quote Link to comment Share on other sites More sharing options...
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