jzarley Posted October 4 Share Posted October 4 16 minutes ago, BeeastFarmer said: Interesting perspective. I That video felt very AI-created to me Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted October 4 Share Posted October 4 1 hour ago, jzarley said: That video felt very AI-created to me He's been doing the same style videos for years. But I'm sure he, like just about every other content creator, uses AI to supplement his framework. 1 Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted October 7 Share Posted October 7 Hopping into the party late - As many have alluded, the REIT spinoff is not something you'd want to root for as a park fan. I know many have mentioned Frisch's, and that's valid, but a leaseback deal is more common than you'd think. Many big box retailers buy land for a location, build the property, then sell it to a REIT to free up cash flows. This could affect parks in particular because as time goes on and there is more of a separation of ownership between the Company and the REIT, there will be more pressure to sell parks for their land value. Also, we talked about some rumored CEOs on Tower Topics; however, I want you to pay close attention to who they actually chose. If it's an industry person then that means the Board and the future CEO think they can weather the storm. If they pick someone from PE or a name with a pedigree that doesn't appear to make sense they may mean something else. 4 Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted October 7 Share Posted October 7 As far as REIT, SFET has exercised the option to purchase the rest of SFOG. I know that's not an REIT issue, but the concept is similar: control your own destiny with a park. REIT would destroy that. They were/are planning to "buy out" the partners in this park by 2027 for $332m. I don't know how much they already own, plus all of the physical aspects and infrastructure would be, but selling the land to a REIT would make absolutely no sense. I don't see a world in which the REIT could or would pay the value that is there. If they did, imagine the cost of the leaseback. I believe they want to do the same for Over Texas. However, when the sale of SFA is made known, it could give a hint on what value they could realize in markets with high land value. I'm far from a financial expert, but this makes no sense to me in a lease back scenario. 1 Quote Link to comment Share on other sites More sharing options...
Losantiville Mining Co. Posted October 7 Share Posted October 7 18 hours ago, BoddaH1994 said: If they pick someone from PE or a name with a pedigree that doesn't appear to make sense they may mean something else. Forgive my ignorance, but what does PE stand for in this instance? All I can think about with that acronym is either Professional Engineer or Palace Entertainment. 7 hours ago, BeeastFarmer said: As far as REIT, SFET has exercised the option to purchase the rest of SFOG. I know that's not an REIT issue, but the concept is similar: control your own destiny with a park. REIT would destroy that. They were/are planning to "buy out" the partners in this park by 2027 for $332m. I don't know how much they already own, plus all of the physical aspects and infrastructure would be, but selling the land to a REIT would make absolutely no sense. I don't see a world in which the REIT could or would pay the value that is there. If they did, imagine the cost of the leaseback. I believe they want to do the same for Over Texas. However, when the sale of SFA is made known, it could give a hint on what value they could realize in markets with high land value. I'm far from a financial expert, but this makes no sense to me in a lease back scenario. It might make zero sense for you or me, but for a company full of people who've shown they have no clear direction in mind, it would be an easy way to get some money. I really hope enough of that C-Suite understands that selling the land would be a horrible idea. Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted October 7 Share Posted October 7 19 minutes ago, Losantiville Mining Co. said: Forgive my ignorance, but what does PE stand for in this instance? All I can think about with that acronym is either Professional Engineer or Palace Entertainment. It might make zero sense for you or me, but for a company full of people who've shown they have no clear direction in mind, it would be an easy way to get some money. I really hope enough of that C-Suite understands that selling the land would be a horrible idea. PE = Private Equity. Think Blackstone, Apollo Global Management, etc 2 Quote Link to comment Share on other sites More sharing options...
Timchat2 Posted October 10 Share Posted October 10 https://investors.sixflags.com/news/press-releases/press-release-details/2025/Six-Flags-Announces-Corporate-Governance-Changes/default.aspx Executive Chairman Selim Bassoul and Lead Independent Director Daniel J. Hanrahan to step down December 31, 2025. Marilyn Spiegel elected non-executive Chair of the Board of Directors, effective January 1, 2026 3 Quote Link to comment Share on other sites More sharing options...
DonHelbig Posted October 10 Share Posted October 10 2 hours ago, Timchat2 said: https://investors.sixflags.com/news/press-releases/press-release-details/2025/Six-Flags-Announces-Corporate-Governance-Changes/default.aspx Executive Chairman Selim Bassoul and Lead Independent Director Daniel J. Hanrahan to step down December 31, 2025. Marilyn Spiegel elected non-executive Chair of the Board of Directors, effective January 1, 2026 Worth noting: Marilyn Spiegel has experience with REITS and land lease agreements from her casino and hospitality background. 1 Quote Link to comment Share on other sites More sharing options...
DonHelbig Posted October 10 Share Posted October 10 https://investors.sixflags.com/news/press-releases/press-release-details/2025/CORRECTING-and-REPLACING-Six-Flags-Announces-Corporate-Governance-Changes/default.aspx 2 Quote Link to comment Share on other sites More sharing options...
Tr0y Posted October 10 Share Posted October 10 6 hours ago, DonHelbig said: Worth noting: Marilyn Spiegel has experience with REITS and land lease agreements from her casino and hospitality background. The land that currently occupies Kings Island would be a great location for a new Bengals Stadium. 2 Quote Link to comment Share on other sites More sharing options...
disco2000 Posted October 10 Share Posted October 10 ^chain already has the blueprint for that concept Quote Link to comment Share on other sites More sharing options...
WOF Guy Posted October 11 Share Posted October 11 10 hours ago, DonHelbig said: Worth noting: Marilyn Spiegel has experience with REITS and land lease agreements from her casino and hospitality background. Which REITs? As far as I can tell, Wynn Resorts does not lease its land in Vegas. Her time working at Harrah's Entertainment predates the creation of Vici Properties. Quote Link to comment Share on other sites More sharing options...
DiamondbackFan Posted October 17 Share Posted October 17 https://finimize.com/content/activist-investors-shake-up-six-flags-entertainments-boardroom Quote What’s going on here? Six Flags just granted a board seat to Sachem Head Capital Management, giving the activist investor more sway as the theme park operator copes with a share price that’s tumbled over 50% this year. What does this mean? Sachem Head Capital now controls almost 10% of Six Flags and has landed a role on the company’s nominating and governance committee, bolstering its influence over key decisions. The move lands amid a rough patch for Six Flags, with shares down 55% since January as bad weather dampened summer turnout. Another activist, Land & Buildings, which owns about 2%, is reviving calls for Six Flags to spin off its underlying real estate into a standalone investment trust—a proposal that’s been in the mix since late 2022. All this comes on the heels of a merger with Cedar Fair in 2024, making the company a bigger player in entertainment but also stirring up more scrutiny from hands-on investors. https://investors.sixflags.com/news/press-releases/press-release-details/2025/Six-Flags-Appoints-Jonathan-Brudnick-to-Board-of-Directors/default.aspx Quote “Jonathan’s appointment advances the Board’s ongoing refreshment process and we are pleased to welcome him to the Board,” said Bassoul. “As an engaged shareholder with significant capital markets and transaction experience, Jonathan brings important perspectives that will be additive to our Board as the Company enters its next chapter of growth and value creation. Six Flags is a great business with tremendous upside, and I look forward to seeing its full value unlocked in the years ahead.” “It is a privilege to join the Six Flags Board at such a pivotal moment for the Company, and we appreciate the constructive engagement we have had with the Board and management team,” said Brudnick. “We invested in Six Flags because we strongly believe in the potential of the business and that numerous pathways exist to addressing the Company’s current undervaluation. I look forward to working with my fellow directors to continue the important work underway to ensure Six Flags builds on its legacy as the premier amusement park company in North America.” In connection with Brudnick’s appointment to the Six Flags Board, the Company has entered into a cooperation agreement with Sachem Head, pursuant to which Sachem Head has agreed to a customary standstill, voting and confidentiality commitments, among other provisions. Details of the cooperation agreement will be filed on a Form 8-K with the U.S. Securities and Exchange Commission. 1 Quote Link to comment Share on other sites More sharing options...
Tr0y Posted October 20 Share Posted October 20 Chef Major announced his departure from Six Flags: https://www.facebook.com/share/p/1RyrWwfvdp/?mibextid=wwXIfr 2 4 Quote Link to comment Share on other sites More sharing options...
CoasterJack Posted October 20 Share Posted October 20 I wish Chef Major well on the next step in his career. Some of his food specials over the course of the past few years have been amazing. Hopefully we continue to see new items and the KI food quality remains consistent. 4 Quote Link to comment Share on other sites More sharing options...
IndyGuy4KI Posted October 20 Author Share Posted October 20 A bit sad for our park, but I wish Chef Major all the best in his next chapter! 1 Quote Link to comment Share on other sites More sharing options...
Tr0y Posted October 31 Share Posted October 31 Mamba closed at Worlds of Fun due to safety violations: lds-of-fun-roller-coaster-temporarily-shut-down-due-to-safety-violations/?fbclid=IwdGRleANw2ktleHRuA2FlbQIxMQABHt6E46pgxlh5y2EmJBYubHTAQg0CswKy54CG2vBNwcrG0Vy-1uArCCJgdbSf_aem_kBdgNuh2SoTMasC369htog 1 Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted Sunday at 10:29 PM Share Posted Sunday at 10:29 PM So very strange watching the death spiral of an amusement park via social media. 1 Quote Link to comment Share on other sites More sharing options...
jcoop22 Posted 23 hours ago Share Posted 23 hours ago The latest earnings for Six Flags comes out tomorrow morning and the stock hit a 52-week low. Six Flags Stock (NYSE:FUN) Hits New Low Ahead of Earnings - What To Expect | AskTraders.com 1 Quote Link to comment Share on other sites More sharing options...
Tr0y Posted 22 hours ago Share Posted 22 hours ago Yikes! 1 Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted 21 hours ago Share Posted 21 hours ago Yikes is right. PRKS has a bad quarter and reported today, and their stock is down something like 30%. When FUN reports similar tomorrow, I wonder how low the stock will plummet? I mean, we are almost to 2020 levels, and there is no pandemic. No replacement named for Zimmerman, that is bad news. Unless they announce tomorrow and have genius, hoping to offset the bad news. 1 Quote Link to comment Share on other sites More sharing options...
Losantiville Mining Co. Posted 18 hours ago Share Posted 18 hours ago Hoping we'll see some big news tomorrow that can offset any potential woes caused by the bad earnings call. This would indeed be a great time to announce the new CEO and/or make any other attraction announcements for 2026. Valleyfair's new waterpark theme and an America 250 adjacent event for the big parks could be a start. 1 Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted 8 hours ago Share Posted 8 hours ago Abysmal News out of Charlotte this morning. Attendance down in October. Per caps down. Didn't even blame the weather this time. 1 Quote Link to comment Share on other sites More sharing options...
disco2000 Posted 8 hours ago Share Posted 8 hours ago But hey attendance was up for Q3 despite less operating days than Q3 last year....but they attributed that to strong performance of a few parks that are on pace to deliver record or near-record results. They can thank us and CP later LOL. They know why October is down 11% but won't say.... They said their increase in marketing expenditures did not produce results... Can't wait for the positive spin at 8am.... 2 Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted 7 hours ago Share Posted 7 hours ago ^ by desperately starting 2026 season pass sales in JULY and giving away the gate lol 1 Quote Link to comment Share on other sites More sharing options...
Orion-XL200 Posted 6 hours ago Share Posted 6 hours ago 1 hour ago, disco2000 said: They said their increase in marketing expenditures did not produce results... It's almost like if they spend money on generic video crap stories, they'll not convince people to show up. Quote Link to comment Share on other sites More sharing options...
Timchat2 Posted 6 hours ago Share Posted 6 hours ago It would be really interesting to see what specific parks are "outperforming" and "underperforming". The presentation really focused on the differences between those two groupings. 1 Quote Link to comment Share on other sites More sharing options...
disco2000 Posted 5 hours ago Share Posted 5 hours ago 3 minutes ago, Timchat2 said: It would be really interesting to see what specific parks are "outperforming" and "underperforming". The presentation really focused on the differences between those two groupings. Generally CF legacy doing well and legacy SF not so well LOL....like none of us saw that coming.... 2 Quote Link to comment Share on other sites More sharing options...
jzarley Posted 4 hours ago Share Posted 4 hours ago 1 hour ago, disco2000 said: Generally CF legacy doing well and legacy SF not so well LOL....like none of us saw that coming.... So, basically a status quo to pre-merger I wasn’t really for it at the time, but in retrospect I think CF would have been better off accepting (with price negotiation) SeaWorld’s buy out offer a few years ago. I know “United Parks” (sorry, still hard for me to say that) has their own issues (as I’m acutely and personally aware), but those parks are still in a lot better shape financially than the legacy SF ones. Both are similarly sized chains and I don’t think either one would have negatively impacted the other as much as SF is negatively impacting CF. 4 Quote Link to comment Share on other sites More sharing options...
DeltaFlyer Posted 2 hours ago Share Posted 2 hours ago Just got a notification that FUN hit a 52-week low at 17.43. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.