Project 2022: Pantheon
- Thread starter Shane
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Yes but they represent the company currently. If you pull the website right now, rhat is the answe you will get about pantheon
What's your point. It's a press release. A static point in time. Just because the press release is available on the website doesn't mean it represents the most up to date info. You can similarly find the press release that says anticipated 2020.
There’s no date on the website to indicate it being a fixed opinion at a fixed time. That is the CURRENT opinion of the company, as it’s the official website that has no date that currently says anticipated. If it isn’t the current opinion then the company isn’t being forthcoming in updating themselves. Either way they’re wrong for not being clear.
People need to understand that BGW is shit at running a website. This isn't a thing where weekly they are like "yeah let's still say anticipated 2021". They said it at the start of the year, just left the exact same ride card up, and they probably won't remove it until 2021 is already over.
Some of you are really grasping at air here to find hope, I just suggest you prepare yourself for 2022. Rather be pleasantly surprised than disappointed.
Some of you are really grasping at air here to find hope, I just suggest you prepare yourself for 2022. Rather be pleasantly surprised than disappointed.
Like I said, I think it will be next year. Makes sense financially, and to be clear they owe a fan site no explanations, but if they know they are planning on holding to next year it should be made clear. It's a good business decision, but I think no being clear is dishonest and possibly a problem with investors. I'm done though.
VB06Hokie
Mostly wit & sarcasm, but contributes occasionally
It’s not being stated wrongly in a prospectus, financial statement, or earnings call so it’s not clear how investors are being misled. I guess shareholders could theoretically revolt if they felt SEAS management was being reckless or financially imprudent, but delaying opening a ride is kind of minor in the grander scheme of running a decent sized company.
And even if they were, all those documents contain the "forward looking statements" disclosure that protects them
Not only that, all they have to do to make shareholders happy:
"Currently we are operating at peak capacity levels for what we can handle. Adding anything new to our offering at the moment would not maximize return on investment, relaying int a minimal impact on income. By continuing to delay current projects, we can continue our positive cash flow trend over a greater period of time."
Basically....all SEAS has to do to keep shareholders happy is to tell them that they can make more money over a longer period of time. That's literally all shareholders care about.
Well, here's the thing:
Shareholders do care, but they don't care about something to have it, rather they care about it increasing profits for the company. Right now their market analysis says it won't increase profits, and maybe they see it as potentially damaging to open it at a time they are under staffed and over booked. If SEAS saw no positive profit benefit along with negative word of mouth PR, that would make Emperor/Pantheon/Ice Breaker's openings a disaster for them.
Put into perspective - you sink enough money into anything that's supposed to return at least what you put in but ideally much more. If that thing winds up returning less and isn't concerned with getting more, would you want to stick with them knowing you'll keep losing or cut your losses and move on?
If Pantheon's costs are basically accounted for to this point, and the company is focused on good return for investors/shareholders (as it ought to be considering the huge purchase of new rides is considered an investment for a reason), then the best thing the company can do is time the opening up continue maximizing profits.
If Pantheon's costs are basically accounted for to this point, and the company is focused on good return for investors/shareholders (as it ought to be considering the huge purchase of new rides is considered an investment for a reason), then the best thing the company can do is time the opening up continue maximizing profits.
Today, people from corporate, park ops etc. are riding iron gwazi. anyone at bgw today or in the near future should probably start looking for the same thing on pantheon.
I mean, SePeRate markets. That’s a good sign, but Pantheon still can’t actually open and ones in Florida. I like hearing that though
My impression is that the rest of Pantheon's inspections could happen very quickly.
If SEAS is plotting some sort of sudden "NOW OPEN" announcement, I expect it to be chain-wide. Because of that, I actually think what happens with Gwazi and Ice Breaker should be considered in our forecasting regarding Pantheon.
If SEAS is plotting some sort of sudden "NOW OPEN" announcement, I expect it to be chain-wide. Because of that, I actually think what happens with Gwazi and Ice Breaker should be considered in our forecasting regarding Pantheon.
Hey, I’m all for it. Don’t let 100s of pages of “2022” hold you back, SEAS
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