February 8, 201115 yr ...one really need not know what one is talking about to write about stocks, and the comments hand the author his hat: http://seekingalpha.com/article/251189-buying-on-bad-news-ford-and-the-lesson-from-cedar-fair Well worth the read, even though some of the 'facts' are knott true...
February 8, 201115 yr Wow... It coincided with a reasonably good financial report: the dividend cancellation was motivated by the desire to pay down debt (of which FUN had accumulated a bundle due to the acquisition of Knotts Berry Farm). Really??? Did NBF cost more than the five Paramount parks? I think Knott... FUN owns multiple parks and, in a pinch, one or more could be sold off. To whom? In the Fall of 2009, there had been strong private equity interest in the amusement park sector and parks appeared to be viewed as valuable assets. If that was truly the case in 2009 (which I don't recall that it was), I guess CF closed GL two years too early. Of course, I don't think they would have wanted to sell a park that close to CP to a competitor.
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