Herschend should just by KD, KI, Caro, and CePo and let the rest of the company go to waste.
News Six Flags Financials
- Thread starter Phoggy
- Start date
Debt has become more expensive for Herschend too, for the record. Given they've gone on such a buying spree recently, we don't know that Herschend is interested in extending further in the current environment.
It's so wild how casually many people would happily watch a large portion of the country's access to regional amusement parks disappear in the name of protecting 1 or 2 parks.
this is why I want to see six flags split back into six flags, cedar fair (or cedar parks since fair meant valleyfair and that was sold off) & kings entertainment, they already doing that with some of their parks where they spin them off as enchanted parks so...
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paintervision
Coasters: 653 🎢
Wanted to point out that they declined the same kind of deal for SFOT this year. So someone clearly figured out that the math isn't mathing a while ago. More to the point, I can't imagine spending $350 million on any one park in particular, when you could have probably bought (some of if not all) the United parks for near that amount.
I never said it made it disappear, but it's a standard play for private equity - drain the brand asset further while saddling it with it's existing debt plus the debt created from loans to acquire the asset in the first place. If they get lucky, maybe it'll come back from the brink and be a long-term cash cow; but otherwise they'd plan to have it for only a few years to squeeze everything they can out of it and either sell it or let the debt holders liquidate.
Would I want this to happen at any park - hell no. But unfortunately, that's the kind of world we live in where predatory companies can come in and run the brands under them into the ground.
The only reason I could think of for SFOG vs SFOT is they have reason to believe the Atlanta area has a better outlook than Dallas/Fort Worth though both are historic parks for the company since SFOT was the original and SFOG was the second built by the original incarnation of the chain.
Yes, because clearly there’s no value in Canada’s Wonderland, Great Adventure, SFGAm, Magic Mountain, SFOT, Knott’s, Fiesta Texas, or even Dorney. None at all, I guess.
This situation is fucking awful, but reactive behavior and thoughts are being thrown in the absolute wrong places. We still don’t even know what happened, there’s no need to “let the rest of the company go to waste.”
How about we split the company in half where one side is Six Flags & the other side is…get this..Cedar Fair!
that's what im talking about, or even better in threes where the third one is called kings entertainment
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