News Quarterly Financial Results
- Thread starter David
- Start date
Information from sources clearly says that BGW is the anchor dragging the ship. People can live in denial of it like a WDW Pixie Dust Snorter denying that WDW is hurting.
This information comes just as the items Swift posts do. From sources that are typically correct.
This information comes just as the items Swift posts do. From sources that are typically correct.
Well, I came across this link from another site, (Scream-Scape | I'm just giving them credit for having the link), that appears to explain SeaWorld Parks & Entertainment operations & pricing structure going forward.
It sounds like they want to make all of their parks a "Boutique" experience in the theme park industry. Lower attendance with higher prices to make up the difference. I guess they will be getting rid of the "Riff-Raff" portion with that philosophy. But, you will be paying a premium for it.
Driving up prices, not attendance.
It sounds like they want to make all of their parks a "Boutique" experience in the theme park industry. Lower attendance with higher prices to make up the difference. I guess they will be getting rid of the "Riff-Raff" portion with that philosophy. But, you will be paying a premium for it.
Driving up prices, not attendance.
Yeah, we made note of that when they did the last few earnings calls. They are being very straight forward in saying that this is their plan. I personally don't understand what they think they offer that other parks don't (mainly in the FL market), but more power to them.
A running joke between some of us here is seeing how long it takes them to blame the weather for lower attendance. Generally, it's their first excuse.
A running joke between some of us here is seeing how long it takes them to blame the weather for lower attendance. Generally, it's their first excuse.
I honestly wouldn't mind paying more for a quality experience. However, I'm not sure if they can really get away with that here where they practically give tickets away.
The problem is that I think they have to prove they can provide a quality experience before the prices go up. Otherwise they'll alienate their existing market.
Zachary said:
Exactly this. My personal opinion is that the park doesn't offer the high quality experience it did 3-4 years ago. Yet ticket prices are still going up. Granted, I just buy season passes and don't think about the prices, I know it can be a huge deciding factor for people. Considering someone can usually can KD tickets for $30 at any given time, BGW needs to offer something really special if they want to charge such high prices.
Again, this is personal opinions... not facts. Take it as such.
SEAS isn't the only one going this route. Just look at Disney and their current MM+ plans - while there are some benefits to guests, it really has to do with better separating the money from guest pockets.
It seems to me that in general, while increases in attendance are nice, it's really about how to get more from the customer you already have in front of you that larger theme parks are going for. A bird in the hand is better than two in the bush sort of thing.
But I agree with what said above. In order to charge more, the product's value should be seen as increasing as well. Cuts to operating hours, attractions, shows, concessions, quality, etc. do not convey value in an increased price.
Of course, you can look at this whole issue from the skeptic/pessimist view. The attendance is dropping, they aren't willing/able to spend to correct that, so just say attendance isn't the goal and focus on squeezing out every penny they can from guests who do show up.
It seems to me that in general, while increases in attendance are nice, it's really about how to get more from the customer you already have in front of you that larger theme parks are going for. A bird in the hand is better than two in the bush sort of thing.
But I agree with what said above. In order to charge more, the product's value should be seen as increasing as well. Cuts to operating hours, attractions, shows, concessions, quality, etc. do not convey value in an increased price.
Of course, you can look at this whole issue from the skeptic/pessimist view. The attendance is dropping, they aren't willing/able to spend to correct that, so just say attendance isn't the goal and focus on squeezing out every penny they can from guests who do show up.
If attendance is dropping and they do not do anything to try and raise it, wouldn't it slowly or rapidly decline until they hit rock bottom? Rock bottom being they close up shop because there is no money to open anymore.
If this is true, then attendance should be a concern, at least to keep it at an ideal level where you still make some profit.
If this is true, then attendance should be a concern, at least to keep it at an ideal level where you still make some profit.
I am sure attendance is still important, it's just not the figure they are focusing on, they are looking harder at the money spent at the park instead of just number of people through the turnstile. Also I seriously doubt any of the parks are going to drop to a point where they can't stay open. There is a ton of money invested in all of them, too much to just sit there not generating any return. I have absolutely no information to back that up, just seems much more logical to me.
RE: Blackfish Backlash
If it hits $15, i'll probably buy up. Let all the idiots sell off for no real reason, more money for me.
If it hits $15, i'll probably buy up. Let all the idiots sell off for no real reason, more money for me.
RE: Blackfish Backlash
Actually now that I think about it, i'm mildly surprised the stock hasn't been halted yet. A 33.5% (as of typing this) drop is a big deal for any stock really. Sure, they missed expectations a bit, but not a 33.5% miss IMO.
Actually now that I think about it, i'm mildly surprised the stock hasn't been halted yet. A 33.5% (as of typing this) drop is a big deal for any stock really. Sure, they missed expectations a bit, but not a 33.5% miss IMO.
RE: Blackfish Backlash
This is exactly the thing they announced on the earnings call this morning. Folks, it's going to get worse before it gets better.
Matthew said:
This is exactly the thing they announced on the earnings call this morning. Folks, it's going to get worse before it gets better.
RE: Blackfish Backlash
Can we go ahead and just replace management?
Can we go ahead and just replace management?
RE: Blackfish Backlash
To answer the "what if" question. If the stock continues to fall they have to put a halt on traiding. That tells the market that managent sees no rebound. After all if it bounces, that's it they can not make payroll.
Once they call a halt to trading, there will be a shareholders meeting, odds are they don't have value to cover debt and they will ask for chapter 11.
They will have to restructure and likely sell assets to cover their debt load.
They can operate, in theory under chaptet 11. But it is not a given they will get it.
To answer the "what if" question. If the stock continues to fall they have to put a halt on traiding. That tells the market that managent sees no rebound. After all if it bounces, that's it they can not make payroll.
Once they call a halt to trading, there will be a shareholders meeting, odds are they don't have value to cover debt and they will ask for chapter 11.
They will have to restructure and likely sell assets to cover their debt load.
They can operate, in theory under chaptet 11. But it is not a given they will get it.