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  #1  
Old 05-22-2001, 09:21 PM
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They have a big debt to pay.
  #2  
Old 05-22-2001, 09:22 PM
Registered User
 
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There's no way, not with the property they're continuing to buy up. I DO however look for them to sell off some of the less profitable parks.
  #3  
Old 05-22-2001, 09:24 PM
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They would NEVER go out of buisness. They probably wont add to many new coasters for 02 and 04 but go out of buisness?!?! IMPOSSIBLE!!!
  #4  
Old 05-22-2001, 09:26 PM
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naw, i think they'll just slow down and sell some smaller parks. i mean they just can't go outta buisness
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  #5  
Old 05-22-2001, 09:28 PM
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Not gonna happen. Not unless five comets simultaneously hit and destroy SFMM, SFOT, SFGAd, AFGAm, and SFWOA, but the likelihood of that is about equivelent to that of me building a 1000 foot S&S Turbo Drop in my back yard.
<BR>
<BR>Just because something has a large debt doesn't mean it will go out of business. Just look at the United States itself.
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  #6  
Old 05-22-2001, 09:32 PM
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Bush put us in a hole, yeah.
<BR>SF will probably sell some worthless parks like EG, and NE
  #7  
Old 05-22-2001, 09:36 PM
Hyper Poster
 
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Hey SFNE is my home park and it is a great park! S:ROS is one of the greatest coasters on earth and why sell it if they just bought it? All their parks will stay, they just wont install as many new coasters for 2002.
  #8  
Old 05-22-2001, 09:36 PM
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I'd be surprised. I think that if they found that they were in serious financial trouble, they'd stop adding to the parks for a year or two. They generate such huge profits that they should be able to get out of the red pretty easily.
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  #9  
Old 05-22-2001, 10:26 PM
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Who ever manages Six Flags is stupid! You don't just go on a shopping spree and buy as many parks as you can, giving parks too much, ect. They shouldn't have bought all those new SF parks. That would have saved alot of money. I know SFMM was making the most money but getting 3 coasters! they could have used that money to pay off debt. SFO with 4 coasters and then getting SWO and X-Flight and if the rumour is true A hyper coaster! SF is favoring SFWOA, if they were alone they would be in way too much debt. SFGADV is not getting favored at all they are getting exactly what they deserve not getting ripped off or getting too much like MM. But SF is going to pay off debt. If SFMM gets one more coaster to keep them in the lead with most coasters in the world i would be so mad. They have a bigger problem and MM does not deserve another one!
  #10  
Old 05-22-2001, 10:42 PM
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I hope they get bought out so we down here in Atl. can get some descent rides!
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  #11  
Old 05-22-2001, 11:11 PM
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SFMM deserves everything they get b/c SFMM is making the most money. SF INC might be in debt but they make over a billion dollars a year and they expect that figure to go up this year. So with that type of money a year I am sure they can start to pay of some of the debt and continue to add rides and coasters to the parks in the chain that's pulling there on weight. I don't know about the other parks but it 100% confirmed the SFMM will get another coaster or multiple coasters next years so you might as well get mad now. SFMM didn't spend all that money for 2001 for a record to have it taken back the next year. So you can count on another amazing year here in California at SFMM b/c they will be adding some type of coaster or coasters next year.
  #12  
Old 05-22-2001, 11:51 PM
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<!-- BBCode Quote Start --><TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
<BR>On 2001-05-22 21:32, Coasterama wrote:
<BR>Bush put us in a hole, yeah.
<BR>SF will probably sell some worthless parks like EG, and NE
<BR></BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE><!-- BBCode Quote End -->
<BR>
<BR>Bush? Surely you jest? Either that or are unaware of history at all.
<BR>
<BR>~prepares off topic history lesson~
<BR>The debt started out with FDR's New Deal plan to bring the country out of the depression. Since FDR every president's administration has run up the debt. It saw it's biggest increases under Carter and Reagan, who used it to increase the military and end the cold war. Bush Sr. began to push for a balanced budget but was overuled by the Democratic legislature at the time. It was the Republican controlled house and senated under Clinton that actually began to balance the budget and run a surplus- much to Clinton's consternation since he wanted to increase spending. Bush Jr. has a large surplus in his budget, is paying off some debt and using other surplus money for the tax break you read about.
<BR>
<BR>~ends history lesson~
<BR>
<BR>As for Six Flags, no way are they going out of business. They have more than enough income and almost all of that debt has come from purchasing parks the last couple of years, not from ride development. If they stop buying property that debt will go down pretty quick.
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  #13  
Old 05-23-2001, 01:22 AM
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Great history reply SirWillow, I was just going to say that. Anyway, I don't think Six Flags is stupid. If the debt was so tremendous, they would not be continuously pouring out the new roller coasters. I think they are a business that knows what it's doing, and even if they do have some small debt build up, they know they will be able to pay it off.
  #14  
Old 05-23-2001, 01:39 AM
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I agree, however much it pisses people off SFMM will keep the record next year and get another coaster or coasters. If people don't like it then I don't know what else they can do? If SFMM is bringing in the profits so that they have the option of building a new coaster then they have all rights to do that. Maybe you should encourage people in your area to go to their park more?!?! Anywayz, even if no other parks get anything new for 2002 (SF parks that is) I bet MM still will. And I know that will piss some people off but that doesn't matter to me because 2 hours away is a blessing for me, especially near the park with the most coasters in the world!
  #15  
Old 05-23-2001, 10:33 AM
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I've heard that GOLIATH paid itself in less than 3 months, MM operates year round, so the profits this park ranked in must have been enormous in 2000, it's not an accident that we get 3 coasters this year, also about the debt, no way SF will get out of business, most of there $$$$ is Cash! Investors like steady Cashflow/Income. Maybe someone knows more about this, but i heard some time ago that each parks budget is a pro-formulated: profits/income/attendance/average vistor spending equals the budget they are getting for the following year.....
  #16  
Old 05-24-2001, 11:42 AM
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Okay all you politicos (Republican or Democrat). Let's get back to the coasters and leave the debt debates and political doctrine for a more appropriate place.
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<BR>I think we'll all be better off.
<BR>
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<BR><!-- BBCode auto-link start --><a href="http://members.aol.com/whizcoastr" target="_blank">http://members.aol.com/whizcoastr</a><!-- BBCode auto-link end --><BR><BR><font size=-1>[ This Message was edited by: Whiz on 2001-05-24 11:44 ]</font>
  #17  
Old 05-24-2001, 05:20 PM
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Six Flags has enough admission to keep the money flowing in. There is no way it can go out of business.
<BR>
<BR>Some coaster fans including me hated Six Flags for it's way of running business. But this doesn't mean that general public would not like Six Flags parks.
<BR>
<BR>Also, like it or not, it's only only park chain that's rich enough to add 2 or more coasters to a single park per year. So, like it or not, most of the new coasters built will be in Six Flags parks.
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  #18  
Old 05-24-2001, 05:31 PM
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Hey Whiz, he was just correcting an obvious mistake. The fact that he would say Bush put us in debt is a very ignorant statement. If you're going to say something, at least know the subject. Anyways, I definitely think SF can get out of debt, if they manage their parks better. I think we can expect SF to sell some of its smaller parks in the near future. I think they are way overshooting with MM and parks like that though. 3 coasters in a year is ridiculous for a park like MM.
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  #19  
Old 05-24-2001, 05:36 PM
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No. They're not going out of business anytime soon. I <b>would<b> say that they're going to start selling off some parks, or they're going to dramatically reduce spending. (i.e. no more new coasters every year)
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  #20  
Old 05-24-2001, 05:45 PM
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It ain't going to happen...period...next topic...Jeff.
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<BR>Come feel the thrill<BR><BR><font size=-1>[ This Message was edited by: Jonathan Gelert on 2001-05-24 18:03 ]</font>
  #21  
Old 05-24-2001, 06:06 PM
Wooden Poster
 
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Why is 3 coasters for SFMM ridiculous when SFMM made their own money for them. SF inc. might start to sell off smaller parks and slow down on building coasters at other SF parks but never at SFMM it makes way to much money.
<BR>
<BR>SFMM makes so much cash that Goliath paid for it's self in less then 5 months, that's 14 million dollars in less then 5 months and you think SFMM and SF inc is going to slow down now.....I think NOT. If any of you have been to SFMM recently you would know that SFMM is having one of the best years in history and they haven't even opend X and Deja Vu yet.
<BR>
<BR>I have never seen the park this packed and it's not even offically summer yet and the park is getting over 2 1/2 hour lines or longer for the coasters and this was in April. I waited over an 1 1/2 just to get my Season pass processed, the line was so long it was heading out towards the parking lot.
<BR>
<BR>I am 100% sure that SFMM will break all attendence/profit records this year, especially when X open the parks is going to be insane. Anyway don't hate on SFMM b/c it's the best in the SF chain and is going to continue to be the best, as long as it's making the most money.
<BR>
<BR>Cp is the biggest baddest of the Cedar fair Chain so why can't SFMM be the biggest baddest of the SF chain, You don't see CF putting 25 million dollar rides in Dorney park ,just like you don't see SF putting 25 million dollar rides in SFKK.
<BR>
<BR>It all boils down to the park in the chain pulling in the most profits, CP and SFMM is the parks in their chain that's pulling in all the money so get over it. Anyways as they say Money talks and Bull***** walks
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<BR><font size=-1>[ This Message was edited by: X2001 on 2001-05-24 18:10 ]</font><BR><BR><font size=-1>[ This Message was edited by: X2001 on 2001-05-24 18:12 ]</font>
  #22  
Old 05-24-2001, 07:57 PM
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i my ccousin has been to dorney and CP and she liked dorney better. reason why. olines politeness and food. CP is not all it is dished up to be.
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  #23  
Old 05-24-2001, 08:23 PM
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Connoisseurs from all over the world have traveled to CP just to sample their delicacies. I hear the deep-fried haggis is especially popular. July 4th weekend they plan to close down all the rides and move the ride ops to the food stands just to handle the demand.
  #24  
Old 06-01-2001, 01:34 PM
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Posts: 77
Six Flags is not going out of business.
<BR>I do not questions their desire to have the top coaster park in the world just as it is totally expected that Cedar Fair wants that title. What's disappointing though is why do they purchase parks that have very little potential to begin with. People expect these parks to balloon in size and "thrill value" when in fact there's no way to make this happen due to land limitations, height restrictions or public opposition etc. And who is going to want to buy these properties? (That's an honest question). Six Flags takes its knocks, but I think they do a good job of bringing thrills to the masses. I wish they would not waste time on parks that they cannot do much with.
  #25  
Old 06-01-2001, 01:36 PM
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Nope, b/c they get too much of the gp in the areas they are already in.
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  #26  
Old 06-01-2001, 01:39 PM
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Six flags will have to sell acouple of those smaller parks in a year or two
  #27  
Old 06-01-2001, 01:43 PM
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They won't go out of business! They might have a lot of debt but does anyone know the actual figures or are we just throwing this around in the dark?
  #28  
Old 07-11-2001, 12:48 AM
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<!-- BBCode Quote Start --><TABLE BORDER=0 ALIGN=CENTER WIDTH=85%><TR><TD><font size=-1>Quote:</font><HR></TD></TR><TR><TD><FONT SIZE=-1><BLOCKQUOTE>
<BR>On 2001-06-01 13:43, S&SFAN wrote:
<BR>They won't go out of business! They might have a lot of debt but does anyone know the actual figures or are we just throwing this around in the dark?
<BR></BLOCKQUOTE></FONT></TD></TR><TR><TD><HR></TD></TR></TABLE><!-- BBCode Quote End -->
<BR>I just see them getting bigger and bigger. Kennywood Entertainment i see going down to them next.
  #29  
Old 07-11-2001, 03:56 PM
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No Way is Six Flags going out of business. First these people know what they're doing. Why would they buy almost 2-4 parks a year and build tons of coasters if they were in big debt. Six Flags has enough money to buy Cedar Point, Kennywood, PKI, or Knotts Berry Farm. They are getting bigger and will continue to get bigger. They'll probably sell SFKK, SFAW, SFEG, and maybe even SFDL. Six Flags has it made in the shade.
<BR>
<BR>X<BR><BR><font size=-1>[ This Message was edited by: X Marks The Spot on 2001-07-12 17:46 ]</font>
  #30  
Old 07-11-2001, 09:39 PM
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Moving to American Parks.
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