SF Quarter 3

[Binks Drake]

While the call was mostly uneventful here is a list of highlights.

1. October was a great month attendance wise
2. they are happy with the sale of astroworld, and mention that hopefully they will be able to take a chunk out of their significant debt
3. the have acheived revenue growth at almost all 30 parks
4. Mention the four new coasters in New Jersey, Atlanta, Montreal, and L.A. as well as the new hotel in Lake George, and the new family attractions at other parks.
5. Attendance growth 3-4%
6. Revenue growth: 6-7%
7. Directly attack Dan Snyder
8. Beleive their stratigic plan is still working
9. Continued rising Attendance is expected.
10. Renewed intense focus on Guest amenities, Guest service, and guest services.
11. REDUCED advertisment spending this year.
12. Mention indoor waterpark in Lake George
13. wishes to appeal to MOTHERS, and TEENS.
14. Directly attacks Red Zone LLC and Snyder again.
15. Calls the ideas "Potentially Destructive"
16. Continues attacking Red Zones Proposel
17. Mentions hotel at the New Jersey Park
18. They have selected buyers for the auction
19. Will not publish information about numbers in the sale process
20. Targeting early december to receive final bids, as well as recommending a company to shareholders
21. Working to provide Shareholders with an option to, essentially, make everyone, except dan Snyder, happy.
22. More then a year ago, Dan Snyder went before the board and said it was "Urgent" to allow him to take control of the company to increase revenues and attendance.
23. Offers Stockholders the final say in the sale
24. Urges stockholders to "protect their investment" and not support Red Zone LLC
25. 559 million doller Q3 revenue total, up 5.8%
26. 17 million total attendance, up 4%
27. Per captita revenues up 5.5%
28. Lots of talk about EBITA(Or whatever) and astroworld. Frankly, I didn't understand a word of this section.
29. SFNO has remained closed and they are continuing inspections about how to reopen.
30. Substantial damage
31. Will work to get it open again due to contract...not cause of revenue loss due to a great amount of insurance, and a contract with the city of NO.
32. Not a major factor to overall performance.
33. Number of well qualified purchasers for Astroworld land
34. estimated deadline for consents due around late december, specifically the end of the year.
35. Decision to close astroworld revolved around the fact that they thought they needed to spend almost 50 Million to do anything about the park.
36. Wish to relocate many rides to parks during 06-07.
37. Did gain money from "Nostalgic Visits" to Astroworld in Oct.
38. Descibes Mr. Six as "extreamly powerful"
39. Has "Great respect" for Ceder Fair
40. Selected and Excluded bidders for final phase
41. Cannot Comment on Prices for Auction
42. Currently only bidding for 100% of the company not specific parks (ie. MM to CF)


Basically it's the "We hate Daniel Snyder" hour.

[Mr_Paradise_316]

that is quite a list

[FRD714]

Nice list!

[Trailblazer Tony]

I am glad that the company sort of agrees with me in the pro Cedar Fair and anti Snyder idea. It seems like things are starting to look up for them, but i think this is only the beginning. Did it mention anything specific about the non-coaster attractions next year? Who is getting something? What it is? You know, things along those lines.

[Binks Drake]

Kieren mentioned that several parks with receive family oriented attractions specifically the New Jersey Park. But Other then that no names.

Yeah I realized that is quite a list...I didn't realize as I was typing it, but it was quite a conference call.

[mschulz5]

Could this be the first Six Flags conference call ever that didn't involve something about the poor weather being a factor?

[Binks Drake]

Well, They mentioned the weather in the 04 season again, but nothing this year, no. That surprised me too.

[twixmix0303]

I'm so sick of hearing about weather always being one factor for one thing or another...here's an idea, let's build a giant dome around Great America!

[Galvan]

^^^^
AWESOME! Then it would be open year round