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Chris L
Joined: May 2001
Posts: 7367
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"In addition, Six Flags is close to selling AstroWorld in Houston and could get $100 million for it. The Six Flags park near Los Angeles could fetch $350 million to $400 million more."
I just hope that doesn't infer to anything that's being considered...
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| 1/24/2006 10:03 PM |
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lectricShark
Joined: Oct 2001
Posts: 1299
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/ Regarding AstrWorld... emphasis on 'could'. The proposals, rumor has it, hasn't broken that triple digit million number...
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| 1/24/2006 10:16 PM |
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CHILLERLC1
Joined: May 2001
Posts: 8013
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Nice gains. I played it safe and stayed off but it would have been a nice first investment opportunity. Someone called in asking about PKS on Mad Money with Jim Cramer last week. He said it has gained too much steam too quickly. Would have been better if it crept up slower.
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| 1/24/2006 10:20 PM |
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Montu Man
Joined: Jul 2004
Posts: 2949
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SF may be turning around, but are all those extremely high inflations ($15 parking!) for better of for worse?
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| 1/24/2006 10:27 PM |
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SFOT Source
Joined: Sep 2005
Posts: 46
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If thats a high number to you, then you should quit complaining and buy a parking pass.
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| 1/25/2006 12:58 AM |
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Sir Willow
Joined: May 2001
Posts: 3550
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The ironic thing is, the stock is shooting upwards but absolutely nothing has really been done yet. It's all based on speculation and supposition.
When things actually happen, it's going to take time to see if they're good or bad for the company. And if they actually help the company improve it's bottom line- for both the short and the long term. But then stock prices rarely reflect long term realities. That's why they change and fluctuate so much based on little announcements. If anything, right now Six Flags stock prices might be closer to what they really should have been anyways.
The thing that frightens me about this is with the increases, if it keeps going up, Snyder is going to make a killing when he sells off his shares and drops the company like a hot rock after he's stripped it out for the money he can get out of it. Then he'll leave it in a horrible position for the long term with all of these changes he's making. I'm not excited about the long term prospects of Six Flags at this point.
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| 1/25/2006 9:00 AM |
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Brian P
Joined: Feb 2003
Posts: 649
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^I totally agree. Attendence figures for this season obviously haven't been created, and I'm not willing to make any statements on this "turnaround" until I see how this season goes. $135 for 2 people to buy a ticket and one parking pass seems like the wrong idea, but I guess that can be debated in another form. I'm curious to see who has the better season -- CP reducing prices, or one of the SF parks who have increased their prices. Either way, I'm not so certain that this 'turnaround' will prove to be what some people are predicting based on stock prices.
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| 1/25/2006 11:02 AM |
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5150
Joined: Jul 2004
Posts: 364
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I just picked up a handful of PKS. I don't know that I will be able to retire on it, but at the least it's a holder right now. I guess long term hopes would be that it would catch up with other park related stocks and hit the $20-40 range. We shall see.
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| 1/25/2006 12:47 PM |
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bgwfreak
Joined: Sep 2001
Posts: 11169
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I personally don't think Dan Snyder had anything to do with the turnaround of Six Flags.
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| 1/25/2006 1:00 PM |
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Sir Willow
Joined: May 2001
Posts: 3550
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^ The only reason the stock has turned around is because of his takeover, the changes they made to the board as a result of it, and a couple of their announcements for price changes. There is no other reason for the stock to go have gone up since nothing else has happened to the company in the last month.
The company hasn't turned around. Only the stock price.
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| 1/25/2006 1:36 PM |
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track_six
Joined: Sep 2003
Posts: 158
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15 bucks for a 10x6 plot of concrete for 12 hours
"SF may be turning around, but are all those extremely high inflations ($15 parking!) for better of for worse?"
lets just say there is 1000 parking spaces in the lot. 1000 cars x 15 bucks each....$15000.00. $5000.00 more per day then if it were at $10.00. Now lets say the season is 200 days long...200x5000=$1,000,000.00 dollors extra per year.
"If thats a high number to you, then you should quit complaining and buy a parking pass."
If you go to a park once, why would you buy a parking pass for 40..50..60.. or more.
I am just glad that the worlds most over priced amusement park chain is far from me...all of them!
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| 1/25/2006 3:03 PM |
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G_Adv_123
Joined: Aug 2004
Posts: 3775
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^ I bought my parking pass before the price rose for parking. Now the deal I got is even better.
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| 1/25/2006 6:50 PM |
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BobFunland
Joined: Aug 2005
Posts: 1282
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Someone does bring up a good point. Today's $.51 boost means that Dan snyder made well over $5 million. Though I am personally loving a $2.50/share gain over the past two and a half weeks (heh, who doesn't love making thousands without much work?), I too am getting concerned that it's raising TOO FAST. Rapidly rising stocks that are based on so much speculation alone aren't good either - look at the 20s.
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| 1/25/2006 8:13 PM |
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coasterlove
Joined: May 2001
Posts: 6446
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I'll be impressed if the stock stays higher or continues to rise throughout the season and after. The increase right now means nothing in my opinion since it's based on faith not anything solid for the better of Six Flags.
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| 1/28/2006 5:48 AM |
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More about News
Jan. 24th, 2006 -- Since last summer when Daniel Snyder launched his bid to take control of Six Flags, the stock market value of the company has inflated by more than $360 million. The company's stock value has also risen 37 percent since the first day of the new year. Last Friday, January 23, the stock rose 15 cents a share to close at $10.57 - the highest it has been in over three years.