Jerrykoala2112 wrote:Yea the 5 they should keep should be
1.Great Adventure (duh) 2.Great America(high in profit) 3.Over Texas(was first and high attendancece) 4.Over Georgia(one high profit park) 5.Discovery Kingdom(Magic Mountain is poor location and so many local theme parks around their.)
Would just have to add Mexico in there somewhere due to the profit the park makes.
But how would Six Flags pay that much. MAybe after they pay the employess (cut their salaries) and sell a whole latta stuff, they will make it. (probably not)
Isn't that low enough where they can get dropped? Somebody mentioned this a while ago and their stock has not risen for months and months. With all this great news about them finally making some money in 08 shouldn't the stockholders be happy? Keep on dreaming about Shapiro's ideas about families saving the chain. It doesn't appear Six Flags Inc. can survive another 5-10 years the way things are looking now...What are they going to do charge $5.50 for pop this year?
onyxhotel08 wrote:Isn't that low enough where they can get dropped? Somebody mentioned this a while ago and their stock has not risen for months and months. With all this great news about them finally making some money in 08 shouldn't the stockholders be happy? Keep on dreaming about Shapiro's ideas about families saving the chain. It doesn't appear Six Flags Inc. can survive another 5-10 years the way things are looking now...What are they going to do charge $5.50 for pop this year?
It can be dropped if they stay under a certain amount. But, if they show progress, they can be kept listed. Basically, the debt is keeping investors from speaking kindly on the company. His plan is working, but with the debt at this point, they trying to use a garden hose to put out a wild fire. Bankruptcy seems like the logical step and would probably help the stock price big time.
onyxhotel08 wrote:Isn't that low enough where they can get dropped? Somebody mentioned this a while ago and their stock has not risen for months and months. With all this great news about them finally making some money in 08 shouldn't the stockholders be happy? Keep on dreaming about Shapiro's ideas about families saving the chain. It doesn't appear Six Flags Inc. can survive another 5-10 years the way things are looking now...What are they going to do charge $5.50 for pop this year?
The problem with this year is that there are no so many bad omens in place for Six Flags. First of all, I'm not sure where you got that "finally making som money in 08" because they have yet to announce Q4 or Full-year results, and while SFI has consistently been very late in delivering results for the past few years, I can see that being because they did not hit their target, and are trying to delay the stock plummeting even further. (Keep in mind that it just speculation). Six Flags has never said anything beyond being "on track" to be "Free Cash Flow Positive for the first time in the company's history." They have yet to say if they actually are. And even if they are, it's still not enough to pay the 200+ Million dollars in PIERS due by August.
What you are talking about is being Delisted from the Stock exchange, and honestly I don't know enough to comment on what the ramifications of that would be, but I do know that we ("We" here having the meaning of SFI) have recieved two separate warnings. One about individual stock being worth less than a target amount for a specific time, and one about the company as a whole being valued less then a target amount. Both of which mean trouble if the price of the stock doesn't raise. They considered a reverse stock split, which means essentially halving the amount of stock on the market and doubling the prices of what's out there, but at this point that still would not raise them above the dollar amount.
I'm not a businessman, and this is really interpreted in my own way, and I have no idea if I'm correct in any of this, but to put it bluntly, I don't know what Six Flags can do to get out of this. It looks rather Grim, and I'm not really sure what's going to happen from here, either on a park level with SFGAm, or a coporate level considering all the other parks. I guess we'll just enjoy while we can and play the waiting game.
Why do we fall, Master Bruce?
So we can learn to pick ourselves up.
I think they have 180 days from when they first dropped below $1 to get it back above $1. Since that obviously isn't going to happen for SF, I'm going with on the 179'th day they will do a reverse stock split to get the stock safely above $1 (probably up to the $5-10 range)
Favorite Wood Coasters: The Voyage, Ravine Flyer II, Thunderhead, Balder Favorite Steel: Voltron Nevera, Steel Vengeance, Expedition GeForce, Olympia Looping Parks visited: 232, Coasters Ridden: Steel: 894, Wood: 179, Total: 1073
The big thing about being delisted is what it does PR wise to the company. You can still buy the stock, just has an odd process to do so. It can lead to problems getting loans, but good luck getting any at this point anyways. With the PEIRS, amazingly they are not required to pay them at a specified time if they don' want to. I know it sounds odd but it is true. With Q4 results, they should come out this month or early March. They tend to do results 2 months after the quarter ends, which is 12/30/08.
