September 11, 201411 yr WTOP Newsradio in the Nation's Capital reports that Zack's has downgraded FUN to underperform based on FUN lowering earnings and EBITDA guidance and on reduced attendance at the company's parks. FUN is currently down 1.04% on the news, SIX is up 0.34% in a down market.
September 11, 201411 yr I don't like it when FUN is down. Seriously though, is 1.04% all that bad? And SIX is up, but not by a great margin either. I wouldn't throw a party just yet.
September 11, 201411 yr Author When the company itself says it is not going to meet expectations, the market reacts. Look for more promotions, promotional pricing and giveaways in the very near future.
September 11, 201411 yr If you see it as a buying opportunity, its great. If you see it as a foreshadowing of things to come, not so great (unless you short on FUN)
September 12, 201411 yr The recent Apple announcements were better than the Cedar Point "announcement". And you knew exactly what Apple was going to announce beforehand. PR department at Cedar Point needs a shake-up.
September 12, 201411 yr I don't like it when FUN is down. Seriously though, is 1.04% all that bad? And SIX is up, but not by a great margin either. I wouldn't throw a party just yet. Thinking of my budget, depending on the line item, 1.04% could be $5 or $2000. For CP, their budget is far greater than my non-profit budget. At the beginning of a fiscal year, there is time to fix and adjust. As the fiscal year closes, you can't go back and make up that lost revenue for previous operating days. You have to adjust and make up that difference somehow.
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