The Interpreter Posted May 17, 2010 Share Posted May 17, 2010 The Sandusky Register spends 40 minutes with Mr. Kinzel, and this is what they got? http://www.sanduskyregister.com/articles/2010/05/17/front/doc4bf0c8a1b9f67546833250.txt Sigh. Quote Link to comment Share on other sites More sharing options...
shark6495 Posted May 17, 2010 Share Posted May 17, 2010 I found this part interesting * Kinzel said Cedar Fair will continue to maintain Cedar Point’s status as the amusement park with the most roller coasters and rides in the world.“This is the crown jewel, Cedar Point,” he said. “Capital will continue to go into Cedar Point.” Many on here have said that Cedar Fair was interested in "even distribution of awesome" (patent pending on that phrase ) between the parks but it looks like it wont be that way. It also seems you wont see any of the other parks come close..... what does that mean for our lil park down here? Im still saying not all is right in Denmark, or International Street..... Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 17, 2010 Author Share Posted May 17, 2010 Mr. Kinzel is of another era. He was speaking to the Sandusky Register. The thought that a kid in California, much less a financial analyst in Rome, would read his words probably never occurred to him. He was speaking to the home crowd. I also like how he is going to lead the unit holders through the Apollo aborted transaction at the annual meeting. A little late, and something tells me it won't be a very unbiased telling. Had he had his way, there never would have been another annual meeting...at least not with unit holders...He also would have enriched himself to the tune of multi-millions of dollars, while freezing out the unit holders at $11.50 a unit... Wonder what would have happened to FUN? Watch Hardee's, the company Apollo went on to agree to buy. Watch what happens to their executives, capital, etc. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted May 17, 2010 Share Posted May 17, 2010 Exactly. It would be hard to trust a guy saying it was the best deal for unit holders when the one doing the explaining would have benefited significantly had the deal gone through. And there were errors in that article. See: At the end of 2011, if Cedar Fair knows it had a good season, the board will consider resuming cash distributions in 2011. I assume it was meant to say at the end of 2010, then the distributions would resume in 2011. And I hope that Kinzel is ushered out and does not remain on the board past his contract length. He is, in my opinion, out of touch with current industry trends, not to mention not doing anything to adjust the food prices, which are obviously pushing some people away, and have resulted in lower in park spending. There reaches a point where you can`t keep raising the prices on food items and expect people to continue to pay for them. Will change be coming soon? That is the Q. Quote Link to comment Share on other sites More sharing options...
Oldiesmann Posted May 17, 2010 Share Posted May 17, 2010 Sigh... Kinzel said he believes the proposed merger with Apollo failed largely because of the emotional attachment investors have to Cedar Point. Many of the unitholders are small investors who live in the Sandusky area. Nevermind that the largest unitholder is in Texas, or that they had this to say about the proposed $11.50-a-unit price: ... the proposed buyout price represents what we believe to be a "bargain basement" price struck during one of the worst economic climates this country has ever seen. (Source: http://www.marketwatch.com/story/q-funding-sends-letter-to-cedar-fair-unitholders-urging-them-to-vote-against-the-pending-transaction-with-apollo-global-management-2010-02-18) Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 12, 2010 Author Share Posted July 12, 2010 And what now for Apollo? The CKE (the company that owns Carl's Jrs and Hardee's Restaurants) acquisition is slated to close Monday, July 12: http://www.businessw...s/D9GQDEH00.htm For an indication of what would have become of Cedar Fair had Apollo got its way, watch Hardee's/Carl's Jr...I think you may find it most instructive.... Also, in re-reading this thread, note how much that earlier interview with Dick Kinzel sounded just like the one published today, July 10...Cedar Point...the crown jewel...good times coming...debt not that bad...can be reorganized, etc., etc. Quote Link to comment Share on other sites More sharing options...
bkroz Posted July 12, 2010 Share Posted July 12, 2010 This Dick Kinzel is the same one who has kept "his" parks in technological darkness; the laughing-stock of the amusement park world that is, today, using fingerprint scanners for entry. The same Dick Kinzel who commented on "his" parks' lack of theme compared to industry standards by saying that roller coasters are now and will continue to be the theme of "his" parks. And yes, the same Dick Kinzel who said, as soon as the Apollo deal fell, that he was "honored and excited by the opportunity to continue to manage and operate Cedar Fair as a public company..." Is it any surprise that this same Dick Kinzel openly picks favorites among "his" parks, and misunderstands the way that his information will travel? How do we, as Kings Island fans, feel upon hearing his words about Cedar Point? Does he know that we are aware that he said this? Does he care? Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 12, 2010 Author Share Posted July 12, 2010 That would also be the same Dick Kinzel, CEO, who found the very best person possible to manage and be park president at Carowinds...and that person just happened to be his son. A complete and total coincidence, I can assure you... Oh, and his daughter's husband is Mr. Tim Boals, Corporate Vice President, Resale and Sponsorships. Yet another mere coincidence. Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted July 12, 2010 Share Posted July 12, 2010 That would also be the same Dick Kinzel, CEO, who found the very best person possible to manage and be park president at Carowinds...and that person just happened to be his son. A complete and total coincidence, I can assure you... Oh, and his daughter's husband is Mr. Tim Boals, Corporate Vice President, Resale and Sponsorships. Yet another mere coincidence. Talented family. It's not their fault. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 15, 2016 Author Share Posted May 15, 2016 Lest we forget. Thank heaven for Q, Geof Raynor, the Knott family and for Matt Ouimet. It got better. Much better. 3 Quote Link to comment Share on other sites More sharing options...
freaks76 Posted May 16, 2016 Share Posted May 16, 2016 It's very interesting you bumped this thread. It is something I will want to talk to you about .....just not right yet. 2 Quote Link to comment Share on other sites More sharing options...
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