|
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
SIX Valued less than $1/share
76 posts
• Page 2 of 4 • 1, 2, 3, 4
.85C a share now...scary when will we see improvements?
13 Years with SFGAm World!
yea STT was built in '77
"The rides are GREAT, The shows are GREAT, the fun is GREAT. At Marriott"s GREAT AMERICA!"
Thanks for trying to stay on topic. This isn't a Marriots topic, its a Six Flags going out of Business topic.  To answer your question, the market is all about trends and feelings. Currently there is no confidence in Six Flags because its been failing for a long time in what used to be a good market for its product, and now that the economy is hurting thanks to rising fuel/food prices Six Flags is getting hurt even more. Maybe if they report some good profits at the end of the quarter that could help stock prices, but for every dollar Six Flags makes right now almost a quarter of it goes toward credit interest. That means nowhere. Top 5 wood-5-Goliath 4-Ravine Flyer II 3-Phoenix 2-Voyage 1-El Toro
Top 5 Steel- 5-Velocicoaster 4- Maverick 3- Fury 325 2-Steel Vengeance 1-X2 Coaster Count: 444
^He said the rides from the marriott era Not the ones when the park opened. Otherwise, you'd be correct.
Maybe A Great Day Is Just What You Need This Year
'09 Demon rides-50 '09 SFGAm Visits-21
...And today SIX stock closed at $.48 after being as low as $.25 at one point during the day.
Not good. "Heavily medicated for your safety"
wow a quarter a share has a pretty bad outlook.
Does anybody know what happens to the parks if they do file for bankruptcy? I know someone said that it depended on the chapter filed, but what are some of the possibilities? Remember, there's nothing but air beneath the chair.
other companys buy the parks or they are torn down
"The rides are GREAT, The shows are GREAT, the fun is GREAT. At Marriott"s GREAT AMERICA!"
And today it was back up to $.87. Six corporate announced that they are are on target for positive free cash flow this year. Guess we'll see.
"Heavily medicated for your safety"
Yahoo!!! It's Now at $1.25, Only $34.75 more cents to go.
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
There was a major mix up on the Yahoo finance page early Friday morning. Somehow it was showing as 41.40. I just bought 300 shares of it about two weeks ago when it was .97. I really wish that mistake was real
 Seems it was going up steadily for most of this week, but after the announcement of the court date over the SFKK suit, it's been going down. 
Once a stock price falls to only $1 its extremely difficult for that stock to re-cooperate, and in the eyes of the NYSE is pretty much kaput. The only stocks I can think of that make a full recovery are the ones that get large amounts of government money to bail them out (Washington Mutual for example, which ironically is now down big again). I cant think of any company that dropped to below $1 and actually made a full recovery without a window from the FED, and Six Flags isnt quite essential to the nations economy like the nations largest bank, Freddie Mac, or the entire airline industry.
August 4th will be a huge day for Six Flags, if they report a positive cash flow then they should be fine, but if they come out and report another substantial loss thats big trouble. The stock cannot afford to plummet again or Six Flags will get kicked off the exchange, and people will start looking for answers, and European firms will start looking at some pretty dirt cheap theme park investments...
United Airlines is one stock I remember that traded briefly below $1.00 and has regained itself a little bit. I believe its now at $8.00 per share
American Eagle wasn't part of the Marriott's ownership?
I think that it was because online it says that AE was opened in 1981 and I think that six flags bought the park in 1984. ( I might be wrong)
The Eagle opened in '81 and Six Flags bought the park at the end of the '84 season, correct.
"The rides are GREAT, The shows are GREAT, the fun is GREAT. At Marriott"s GREAT AMERICA!"
I just seen on the news earlier that SIX is considering filing bankruptcy protection....
 Not good news, hope it still opens if this happens....Which parks do you think will disappear?? Even though I don't think SFGAm will be one of them IF Bankruptcy protection is filed....This brings up questions. People buying things they can't afford is what put our economy to $^&% in the first place....So why is SIX doing the same (Unnecessary Spending) on new coaster for SFMM. and BB for us. I believe BB is kinda like a "last Resort" to get people coming to the park. Even though the "We can't afford" part was focused at people buying HOMES they can't afford.....It affects everyone!! Stupid Banks should not have given the mortgage to those people! Damn them! If it does happen (Which is VERY Likely) I hope Cedar Fair buys it....but they aren't in any position to buy anyway.....So SFGAm's Attractions will be sold. Kinda like what happened to that other Six Flags park...anyone got the name of it? Ugh, I hate this. "I've been told that some part of every wish will be heard but lately I lost sight of the truth in those words."
I think the village of Gurnee would buy the park as a last resort. just look at the money they make off of it.
"The rides are GREAT, The shows are GREAT, the fun is GREAT. At Marriott"s GREAT AMERICA!"
I doubt they would buy it.
"I've been told that some part of every wish will be heard but lately I lost sight of the truth in those words."
It is actually great news for everyone except stock holders and those owed money. This will allow them to shake off some debt, kept the parks open and improve the state of the company.
If they file, it will still be business as usual.
SF isn't going anywhere. They will just be able to get creditors off of their backs and restructure based on a court order (bankruptcy protection) Even if SF decides to try and unload some more of their parks, SFGAm will not be on that list. It is one of their cash cows. Heck, CF won't be buying anything because they are in the process of unloading a few parks themselves to reduce their debt (which by the way is just as bad as SF's) I finally retired the Sarah Palin signature because she is now 100% irrelevant.
Hey Mark Shapiro! Might wanna think twice about that new coaster for SFMM in 2010 AND a kiddie area...just a thought...
13 Years with SFGAm World!
/\ SFMM is getting Wiggles World in 2010 or 2011 (from a recent artcle in the LA Times, dependant on if Six Flags still has the same plans then).
Here's an article I saw in the Wall Street Journal yesterday:
 
In order to save Six Flags....What mus we do!?
jeez  "I've been told that some part of every wish will be heard but lately I lost sight of the truth in those words."
Six back, relax, and enjoy the ride. Chap 11 bankruptcy is just about the only thing that can save Six Flags, all it would do is restructure the debt and the company would restructure into a more profitable entity.
Either that or find 300 million people to each donate $1 to Six Flags  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
76 posts
• Page 2 of 4 • 1, 2, 3, 4
Return to General Coaster Talk Who is onlineUsers browsing this forum: No registered users and 7 guests
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
