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Aaron
Joined: Jun 2001
Posts: 4401
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It's about time someone realized that the weather isn't Six Flags' only problem. I hope this sends a stronger sign to the owners that they can't just be lazy about fixing the company up.
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| 1/19/2005 5:55 PM |
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medieval
Joined: Aug 2004
Posts: 2026
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Really. Hopefully it will give a heads up to the upper people and make them re-think everything and get their parks stright.
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| 1/19/2005 6:04 PM |
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Phil
Joined: Jun 2002
Posts: 9278
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Does anyone have faith in Six Flags anymore?
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| 1/19/2005 7:22 PM |
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SFGAm Guru
Joined: Apr 2004
Posts: 279
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Ouch that's a major blow to SFI. I thought they were gonna turn it around this year... Maybe next year :(.
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| 1/19/2005 9:42 PM |
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WildeFyre
Joined: Apr 2004
Posts: 3199
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If you read screamscape you can read more of his letter. All I gotta say is that SF got pwned with his comments
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| 1/19/2005 9:59 PM |
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bk2004
Joined: Oct 2003
Posts: 7743
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Yeah, I read that letter and they basically stuck it up Six Flags' you know what. At least someone stood out and said something.
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| 1/19/2005 10:35 PM |
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5150
Joined: Jul 2004
Posts: 364
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All they have to do is clean their bathrooms and not put a bazillion dollars into one roller coaster at a park that already has great attendance. Let's see if they can drive off B. Gates too!
It may seem disheartening to some, but as dullardly as Six Flags is they are still probably better off without Snyder. He's not the sharpest tack in the box. He was only interested in the proximity of SF America and Fed Ex field. He let them have in the letter though, and he made $4 mil. (Not enough to pay Laveranues Coles salary, by the way) He had sense enough to get out of a bad thing. This is a train wreck and I can't help but look.
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| 1/19/2005 11:55 PM |
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Aaron
Joined: Jun 2001
Posts: 4401
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As I remember, Snyder's franchise is the most valuable in the NFL. He must know something about business.
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| 1/20/2005 1:18 AM |
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rlrcstrfreak
Joined: Jun 2004
Posts: 1351
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I wish I would not have bought Six Flags stock 2 years ago :'(
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| 1/20/2005 1:25 AM |
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meowcoaster1
Joined: Aug 2003
Posts: 5222
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Phil, I have faith in SF. I know they're getting better. But this person is used to a different industry that recoveres from problems faster. He made alot of money from this though. I actually wish I did buy a stock from SF, because they've only been going up since then.
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| 1/20/2005 7:32 AM |
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Marc
Joined: Jul 2001
Posts: 2709
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I'll have faith in Six Flags when they replace board members. The board is ultimately responsible for the companies objectives. I think the board is leading the company in a poor and unethical direction. If they improve there, the effects would eventually reach all employees.
The area that I see the company lacking the most is guest services. This means anything that can make the experinces of guests better with the expection of attractions.
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| 1/20/2005 10:42 AM |
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Drewbie
Joined: Oct 2001
Posts: 1577
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I still own shares in PKS that I paid $7.00 for. The Dan Snyder thing never gave me hope. The only hope for the stock price of the company is for the whole entertainment sector to go up. It took a beating after 9/11 and has never come close to getting back to normal.
On another note, back a year or so ago when the stock hit about $8 I called my broker to get out of it. He convinced me to stay in as it was "on it's way to $11" so I did. Not 2 weeks later it fell to $5 and has never looked back.
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| 1/20/2005 10:54 AM |
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M_Force_2002
Joined: Aug 2001
Posts: 132
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I wish I could make 3.8 Million Dollars on a mistake...... Damn
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| 1/20/2005 11:47 AM |
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coasterlove
Joined: May 2001
Posts: 6481
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I think that he made a mistake in dumping his stock so quickly. He made 3.8 million in just 20 weeks and I did personally see some improvements at SFGAm and it seemed that some of their parks were also making improvements. Snyder must've expected things to change much quicker than could reasonably be expected.
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| 1/21/2005 2:00 AM |
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bgwfreak
Joined: Sep 2001
Posts: 11489
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I'm glad he had the sense to know that Six Flags problems are not due to the weather!
I don't blame him, I'd pull out too.
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| 1/21/2005 1:05 PM |
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More about Finance
Jan. 19th, 2005 --
Daniel Snyder, the owner of the Washington Redskins football team, purchased 8.8 percent of Six Flags in August with the hopes of helping the company out of its financial problems. That hope has ended, as Snyder has decided it would be best to pull out his investments.