Six Flags 30 day average is below $1 which in accordance with New York Stock Exchange rules if it does not improve in six months they will get kicked off the exchange. They may do a reverse stock split, which would reduce the amount of shares in half and double the stock price (however not change the overall worth of the company)
http://biz.yahoo.com/prnews/081002/ny36743.html?.v=1
The clock is ticking on outstanding payments and their current stock situation, as well as having issues operating at a profit.
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Six Flags could get de-listed or Reverse Split
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Last edited by BP317 on October 3rd, 2008, 4:18 am, edited 1 time in total.
I really don't follow the market, but we can all be assured that this park will remain a park regardless.
Even though this country is pretty much screwed, this is one park that will remain. It's not Disney, but it's a regional park that will remain regardless of who owns it. I finally retired the Sarah Palin signature because she is now 100% irrelevant.
WARNING: I AM NOT AN ECONOMICS EXPERT, THIS IS MY HONEST THOUGHT!!!!
I think they should get de-listed from the NYSE so that way, they don't have to pay Investors. They can run the company as they see fit instead of being a puppet to the Investors. That Way, all the Money they make, they keep!!! They don't have to pay anyone because they are only using money, they have. Its like Changing from a Credit Card to a Debit Card in my opinion. 943 Coasters around the World! Countdown to 1000!
http://sfgamworld.com/forum/viewtopic.php?f=15&t=15272 Runner Up of the 2017 SFGAmWorld Elimination Thread
If the company goes bankrupt, the company will be sold of in pieces to the highest bidders, which may not affect us as someone would buy this park, but would hurt some parks.
And im guessing if they go bankrupt, you may no longer see Warner Bros characters in the park, or a ride called Batman/Superman as im guessing that bankruptcy would void the outstanding agreements regarding usage of characters etc.
If they got delisted they would still be a publicly traded company on the pink sheets instead of the exchange.
Although when Six Flags Bought Great America from Marriott they bought the rights to use the warner brothers characters so maybe since we were the firts one in the chain to have them we would keep them, although what would a company care about that. "The rides are GREAT, The shows are GREAT, the fun is GREAT. At Marriott"s GREAT AMERICA!"
Yeah what would you do with all the characters gone and have to rename a ride like Superman or Batman? I still can't believe Six Flags Over Texas renamed Louisiana's Six Flags Batman Goliath...lame!
13 Years with SFGAm World!
Right, the new company would probably name Superman something like Ultimate Flyer, not being creative at all, and Batman, Swamp Creature or something like that.
"The rides are GREAT, The shows are GREAT, the fun is GREAT. At Marriott"s GREAT AMERICA!"
i personally don't see six flags letting go of great america..ever location, location, location
13 Years with SFGAm World!
Same here, our park is one of the good ones in the chain, Six Flags is not going to get rid of us.
What will stay is:
Magic Mountain Six Flags Georgia Six Flags Over Texas Six Flags Great America Six Flags Great Adventure Six Flags St. Louis 13 Years with SFGAm World!
^ I agree with that list! They are the major parks so they will more then likely stay.
If the companys goes into bankruptcy, which is different than being de-listed, than everything is on the table in regards to parks being sold and SF wouldnt have alot to say if they go bankrupt.
While I dont want SF to go bankrupt because im afraid some parks would be bought for the land and would no longer be a park, in SFGAM 'scase going bankrupt would be great news, you may finally have a well run company run a park that should be profitable without ripping off the guests for everything thing they can. I would love to see the owners of Dollywood/SDC run our park, they do a great job with the parks they operate and likely could do a good job at this park. A pipe dream would be for disney/universal/busch to buy out the park, but that sadly that has almost no chance of happening.
I hope this doesn't happen, I sort of wanted to buy some cheap stock at the end of the month...
Yeah, I can honestly see them having to toss Magic Mountain before Great America. We are the ONLY big theme park in all of Illinois. To get to a huge park like ours, you have to drive like 9 hours min. People from all major cities around go to it. Like Chicago, Milwaukee, you know, like bigger cities. And then we have all of the littler cities coming and the suburbs. As for California, I heard Knott's is right down the street from Disney Land. There is a themenpark everywhere. And it is probably really hard for them to keep the guests going to MM. I don't wonder why they have the only 4th Dimension coaster in this country, and get a new roller coaster almost every 2 years.
9 hours? Do you drive like an old lady?
Parks you can get to in less then 9 hours from Chicago. Valley Fair = 6.5 hours Six Flags St. Louis= 6 hours Six Flags Kentucky Kingdom= 6 hours Cedar Point = 6 hours Kings Island = 6 hours Indiana Beach = 2 hours Michigans Adventure = 3.5 hours The park formally known as Geauga Lake = 7 hours I finally retired the Sarah Palin signature because she is now 100% irrelevant.
add an hour to all of those times cause you exagerated on cedar point, kings island add 2 hours, sam with valley fair.Michicgan's adventure is like 5hours from gurnee, cause its north of chicago.
^But do you know what all except 2 parks have in common?
-$100+ in gas -Hotel (if you want to be comfortable in your travel) -Over half of your day with driving -More money for food, drinks, ect. I just know that for pretty much everyone it is the only place that families/teens can go for a one day vacation that is cheap (well cheaper). [read]
64 cents at the moment...it was over $5 two years ago!
13 Years with SFGAm World!
I can't see SF selling off Great America or Great Adventure because of location, with GAm being the only park close to Chicago, and GAd being the only park within striking distance of NYC and Philadelphia. If Six Flags tried to sell these two off, I don't think Cedar Fair would hesitate to try and pick them up because of their location, and if Six Flags wants to try and make a comeback in the future, they'll need these two parks to do so.
I agree onyx in keeping OG and OT, mainly because of their location again. I tend to agree with the St. Louis choice because of the two in that area, KK is less valuable and popular. I think SF should try and keep one of their West Coast parks, but they've made it extremely clear that they are willing to sell MM away (yet for some reason, they keep getting the big coasters). This would leave Discovery Kingdom, and with the uncertainty of Paramount's GA in that area, who knows, they might think keeping this one would be wise. Plus, DK is very unique in terms of a SF park. So in summary, five parks onyx said and possibly Discovery Kingdom in place of Magic Mountain.
If the park needs revenue fast, Kentucky Kingdom and America are the first two to go. However, the delisting more of a PR deal in that being on the exchange allows them get their name out their. If they had to go bankrupt, they would do chapter 11, like hard rock park I believe is, a move on. They would be allowed to keep their assets and run as normal.
The company is finally turning a corner with Shapiro and making a cash flow positive quarter. They now need to give away the SF New Orleans site, get themselves out of the Magic Mountain coaster building hole they built themselves into and, as much this pains me as a coaster person, keep moving in the family direction. While I'm not a huge family park fan, the idea is working. The idea working will help the company go in the right direction and allow them to build better things in the future.
I think what may happen in the end is that they will tire of having to build a new coaster every two years and decide to move on and forgot the tough competition MM has.
13 Years with SFGAm World!
SF did shop around MM, I dont know exactly how serious they were about it though. If they really needed to get rid of it I dont see how hard it would be to sell it to land developers.
I think SFMM has a good niche but the financial hits they took, especially with Superman and X (although they have fixed X's major issues now, but that came with an additional $10mil pricetag) really brought that park down. There were a few years where most of the coasters in the park were running 1 train peak season and they had a large selection of rides that were SBNO for years. Now they pretty much let people through the gate for free, although parking is more expensive at SFMM than any other socal park.
Parks we should keep
Great America Great Aventure Over Texas Over Georgia Magic Mountain Sell Six Flags New England Six flags over mid america(maryland) Kentucky Kingdom New orleans Maigc Mountain fiesta texas I think that they should relocate some coasters from a lot of these parks to current parks to save a couple half million dollars!!! lol
They shouldnt keep magic mountain! I meant to type Discovery Kingdom but I forgot. lol^^^
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