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  #1  
Old 08-06-2003, 07:14 PM
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Disney to purchase Six Flags???

Earlier today SF stock rose about 6.00 on the buisness rumor that Disney is looking to buy up Six Flags. What does this mean? Hell if I know. They could mean the end of a new begining or the begining of the end for SF as we know it.

So much for all those Six Flags Florida rumors.

No more comments from me...feel free to (or disgust) amongst yourselves.
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  #2  
Old 08-06-2003, 07:22 PM
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Yah I was looking at Six Flags stock and somebody bought a ***** load of stocks. While my common sense tells me that there is no way that this could happen, I have seen a few here and there signs that some change might happen with Six Flags. If Disney buys Six Flags out, it would be both a curse and a blessing. While the parks may get a facelift to look as beautiful as the other Disney parks, this could also mean a delcine in the number of coasters, as it seems Disney is afraid of buying too many coasters.
  #3  
Old 08-06-2003, 07:28 PM
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Nooooo! Why must disney own everything?!? First Universal, and now this?!? They are a money hungry company! They have what, 9 parks? All which make a 9 digit income each year? Plus, would they re-name the parks? Or would they still remian under the Six Flags name?
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Old 08-06-2003, 07:57 PM
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I'd thin that if Disney bought SF< they leave the SF name on the parks and use them as their Thrill parks. They'd probably leave everything pretty much the same, except for cleanliness and friendliness, etc. I doubt Disney would buy the entire SF chain and just not add coasters very often. That wouldn't make since, as the SF parks aren't theme parks, they're thrill parks. This is just speculation, since they probably won't buy SF anyways.
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  #5  
Old 08-06-2003, 08:06 PM
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I'm hoping, like alot of other Disney ventures, that Disney will leave alot of it alone and reap the benefits. ESPN, ABC and Touchtone Pictures come to mind. I could however see a couple parks turning into tiny Disney Lands. SFWOA would be a good one.
The big question is, what would happen to SF's affiliation with WB characters? What will become of the Batman and Superman rides? B:TR could become NMBC:TR (that's Nightmare Before Christmas)...and what of Superman? Peter Pan?
It all just smells bad to me.
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  #6  
Old 08-06-2003, 08:20 PM
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It's not gonna happen,G-farce did you also post this rumor at *****? I saw a thread over there which was quickly closed by the way stating pretty much the same thing.
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  #7  
Old 08-06-2003, 10:20 PM
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Somebody bought/sold 1285k shares. So something is happening. Here is what the stock market is saying...A spokesman for Disney said the company doesn't comment on rumors. However, a source close to the company said there is no truth to the rumor.

Six Flags didn't immediately return calls for comment.

It would seem that a combination of theme park operations wouldn't be a match. Walt Disney World in Florida and Disneyland in California are destination resorts, while Six Flags has smaller, regional theme parks across the country.

The theme park business has been ailing since the events of Sept. 11, 2001, with attendance struggling to return to peak levels. In the recent fiscal third quarter, Disney said theme park operating income fell 25% to $352 million as attendance at Walt Disney World was down 9% and guest spending was down at Disneyland.

Once the rumor got rolling, that may have forced those investors with short positions to cover their positions, said one portfolio manager. The shorts borrow the shares to sell when the stock is high and replace them when the stock price declines.

The portfolio manager ruled out any potential earnings surprise from Six Flags as the culprit since the company already warned of a possible "material" shortfall in 2003 revenue and earnings before interest, taxes, depreciation and amortization compared with 2002. The company said last month that attendance was down 4% in June on bad weather and a weak economy.

In midafternoon trading on the New York Stock Exchange (News - Websites), shares of Six Flags were up 30 cents, or 6.8% at $4.70.
  #8  
Old 08-06-2003, 11:06 PM
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Quote:
Originally posted by CFRJfan
It's not gonna happen,G-farce did you also post this rumor at *****? I saw a thread over there which was quickly closed by the way stating pretty much the same thing.
I heard this rumor on Marketplace on NPR (national public radio) during their closing bell stock update. They stated that the stock market as a whole was kind of sluggish today, but Six Flags stock got a 6 point boost on a rumor that they might be purchased by Disney. I'm not saying they are...I'm just stating that there is a rumor. I may be wrong about the 6 points...could've been 6% instead.
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Last edited by G-Farce; 08-06-2003 at 11:10 PM.
  #9  
Old 08-07-2003, 10:49 AM
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What most likely happened was: stockholders were losing money, so they sold out to a major investor to make more money. Who that major investor is- I don't know.
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  #10  
Old 08-12-2003, 04:08 PM
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Question

Not many people know this but Disney also secretly owns the Sea World in Orlando too.
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  #11  
Old 08-13-2003, 08:00 AM
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BS!!! Busch does.
  #12  
Old 08-13-2003, 01:57 PM
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I am sure Griswold was being sarcastic.

What many people don't know, that is TRUE, is that Walt Disney had a chance to have a piece of the original Sea World in San Diego. He declined but did offer some off the books support and direction.
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