http://toledoblade.com/apps/pbcs.dll...59/-1/BUSINESS

Could this lead to more disaster or maybe a better turn around on some parks?

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Dude this was in 2005 man. Look at the dates.

^I didn't even notice that. At least until you pointed it out.

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This story was about around the time that Geauga Lake was up for sale. Six Flags started selling around 7 to 10 parks to get rid of debt then.

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Article dated October 11, 2005.

Even so, Cedar Fair is in no financial state to purchase any properties. They are carrying a debt load of $2 billion USD, which is a hair's length away from what Six Flags owed as well.

Not to mention the price per share for FUN on NYSE has dropped over the past few years.

Wow, now that is old news...How did this happen.

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According to this Kiplinger article they have 1.7 Billion in dept.
A Steady Ride at Cedar Fair Entertainment - Kiplinger.com

According to this article. SFI still has 2.4 Billion in debt.
http://mason.gmu.edu/~hleeb/Article_Intro_SixFlags.pdf

Cedar Fair is in a tough position to consider buying a park. but if it's the right park or parks they might. I do know that Dick Kinzel has some interest in the New England Area.

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Michael C

I didn't even look at the date, someone posted it on another site and thought it was interesting to post about. No need for an attitude.

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I think the future of Cedar Fair is a good topic and yes that will likely include a few more parks.

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Michael C

Katie, I don't think anyone was giving you attitude. Just pointing out that the article was from almost 4 years ago.

Michael, I think Cedar Fair made an error in picking up too many parks within a short period of time. When they acquired the Paramount Parks, it was similar to when Premier Parks snatched up a bunch of properties and flagged them under the Six Flags brand. It's dropping millions and millions of dollars on properties, spending millions more on reorganization, additional capital expenditures, and for loss of profitability for YEARS despite the additional cash flow. I don't think Cedar Fair will be expanding anytime soon.

Chris it was the GamFanboy that had to be rude about it. Like I said, I just read the article, not look at the date.

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Some what. Premier was over paying for the parks they wanted and bought way too quickly. Many of the parks they bought under performed or after a couple mediate investments lost attendance after the now SFi stopped investing in them. CF got the Paramount parks at a fair price hadn't bought a property since GL and hasn't purchased anything since. I don;t think they will be buying any parks in 2009. But 2010 or beyond who knows.

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Michael C

It's Dick and Bart Kinzel.There is no Mark Kinzel.

I made the correction. The main point is that SFI has more then a half Billion more in debt. that puts CF in a much better position to handle it's debt and possible grow.

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