It's been on steady decline ever since the Q3 report drop. I can't even imagine what's going to happen if they can't perform in Q4.
News Quarterly Financial Results
- Thread starter David
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I expect to see a sell off of assets. If SeaWorld were not such a poison asset I could see Universal buy them. Tampa is valuable as they are in FL and operate year round. Frankly BGW may or may not be attractive. The problem being the real lack of good numbers.
All that said I give the company less then 3 years before a major re-organization and or sell off.
All that said I give the company less then 3 years before a major re-organization and or sell off.
Wow, that's late in the month to be releasing the 4th Qtr report. Usually it's released anywhere from the 11th - 15th of the middle month after the end of the quarter.
This is going to be a real interesting report as besides finding out if attendance and revenue improved with the holiday promotions it could foretell what the company will be doing to survive. Right now it doesn't seem like the cost cutting will be enough to fund the construction of the new Orca tanks, which will add debt, or to satisfy the profit hungry at all cost investors.
This is going to be a real interesting report as besides finding out if attendance and revenue improved with the holiday promotions it could foretell what the company will be doing to survive. Right now it doesn't seem like the cost cutting will be enough to fund the construction of the new Orca tanks, which will add debt, or to satisfy the profit hungry at all cost investors.
Alf33 said:
IIRC, last Year's Q4(for 2013) conference call wasn't until the beginning of March.
Zimmy said:
A sale right now would be a little extreme at this point in time. By Q2 2016 it might be an option.
Zimmy said:
Yes, but I feel in Q2 2016 there could be a change, because at this point there would be an indicating factor whether the chain would survive together or alone.
And yes I can count -_-
A brief pre-conference summary of Q4 and Full Year 2014 results.
http://seaworld.q4web.com/news-releases/news-release-details/2015/SeaWorld-Entertainment-Inc-Reports-Fourth-Quarter-and-Full-Year-2014-Results/default.aspx?pos=15
http://seaworld.q4web.com/news-releases/news-release-details/2015/SeaWorld-Entertainment-Inc-Reports-Fourth-Quarter-and-Full-Year-2014-Results/default.aspx?pos=15
I just sat in on the conference call. This is what I basically picked up from the call in a nut shell… Anyone else feel free to add/fill in on anything I missed.
1. Despite decrease in Q4 performance, they indicated they are starting to see early signs of improvement – they did not go into great detail other than the attendance for Q4 did not decrease as bad as the other quarters in 2014. Basically – the leak has slowed down.
2. Main focus seems to be at increasing attendance while keeping costs down. They are expecting to see expenses for 2015 flat or down slightly from 2014 due to the $50 million cost cuts program.
3. Work on reestablishing the pass member base in Q1 and then switch focus on increasing tourist based customers in Q2.
4. As expected, would not give individual park attendance break downs or results, would only report on SEAS as a whole.
5. International project is on track – all that they would say. Expect to hear more details in the Q1.
6. Question about breaking out non Sea World brand parks from Sea World – in a nut shell, they said because of the benefits that synergy efficiencies bring from the recent centralizing of some departments (mainly marketing dept.) to Orlando, breaking out the parks will not be beneficial to the company.
7. There is a new reputation building campaign that will be coming out before April 1. The campaign will be focusing on people who may be still undecided about Sea World. They said that metrics studies shows there are people who support Sea World; people who have their mind set about the company (Blackfish supporters/believers), and people are who are waiting for a response from Sea World before making a decision. The reputation campaign is targeted towards the people who are waiting for a response. They also recognizes that there will/may be more opposition as a result of this campaign.
8. The mentioned briefly about new 2015 attractions – the rollercoaster Tempesto was mentioned as marking BGW’ 40th anniversary.
Again, this is just a nut shell of the conference call. I know I did not capture everything, but this what I was able to “piece” together, so like I said earlier, feel free to add in if you sat in on the call too.
I’ve sat in a few of these with other companies, and I can’t help but get the feeling that they were not saying everything. There were some questions they “danced” around.
1. Despite decrease in Q4 performance, they indicated they are starting to see early signs of improvement – they did not go into great detail other than the attendance for Q4 did not decrease as bad as the other quarters in 2014. Basically – the leak has slowed down.
2. Main focus seems to be at increasing attendance while keeping costs down. They are expecting to see expenses for 2015 flat or down slightly from 2014 due to the $50 million cost cuts program.
3. Work on reestablishing the pass member base in Q1 and then switch focus on increasing tourist based customers in Q2.
4. As expected, would not give individual park attendance break downs or results, would only report on SEAS as a whole.
5. International project is on track – all that they would say. Expect to hear more details in the Q1.
6. Question about breaking out non Sea World brand parks from Sea World – in a nut shell, they said because of the benefits that synergy efficiencies bring from the recent centralizing of some departments (mainly marketing dept.) to Orlando, breaking out the parks will not be beneficial to the company.
7. There is a new reputation building campaign that will be coming out before April 1. The campaign will be focusing on people who may be still undecided about Sea World. They said that metrics studies shows there are people who support Sea World; people who have their mind set about the company (Blackfish supporters/believers), and people are who are waiting for a response from Sea World before making a decision. The reputation campaign is targeted towards the people who are waiting for a response. They also recognizes that there will/may be more opposition as a result of this campaign.
8. The mentioned briefly about new 2015 attractions – the rollercoaster Tempesto was mentioned as marking BGW’ 40th anniversary.
Again, this is just a nut shell of the conference call. I know I did not capture everything, but this what I was able to “piece” together, so like I said earlier, feel free to add in if you sat in on the call too.
I’ve sat in a few of these with other companies, and I can’t help but get the feeling that they were not saying everything. There were some questions they “danced” around.
Some of this isn't making sense to me.
1. Shouldn't they have launched a "reputation building campaign" ages ago? I mean, yes, better late than never, but did they say why they waited until now? Is this new management stepping in?
2. If Tempesto really is linked with the 40th Anniversary, then their decision not to market it is even more bizarre.
1. Shouldn't they have launched a "reputation building campaign" ages ago? I mean, yes, better late than never, but did they say why they waited until now? Is this new management stepping in?
2. If Tempesto really is linked with the 40th Anniversary, then their decision not to market it is even more bizarre.
As always they are doing a masterful job with their marketing...
I would love to know what they base their expected attendance numbers on. Past performance being what it is and all.
Given the Porno Nights announcement they are clearly keeping an eye to cost savings. /sarcasm
I would love to know what they base their expected attendance numbers on. Past performance being what it is and all.
Given the Porno Nights announcement they are clearly keeping an eye to cost savings. /sarcasm
Nicole said:
In reference to why they waited so long with the reputation campaign, they didn't say much other than they didn't want to "fire back" immediately, that they wanted to wait and see what the initial response would be, but they also said something along they line that when they do respond, they wanted to be "professional and be educational about it". I agree with you Nicole, that they should not have waited so long to do something. My interpretation of this is that the previous management didn't know how to respond after they realized that Blackfish had a larger impact than they originally expected. I think by remaining silent so long did more damage than if they did something immediately. I think they were just hoping it will quietly disappear, but it didn't. I think this reputation campaign will be centered on showcasing the Sea World Animal Rescues - like the freeing manatees that were stuck in a drainage pipe earlier this week in Florida and other rescues as well.
I was also surprised to hear them say Tempesto marks their BGW's 40th Anniversary.
The irony is that they a great job of showcasing all of their modern training and rescue techniques on their animal tours. It shouldn’t be hard to translate that into a powerful message about all of the good work they do with and for animals.