COMPANIES MIGHT NOT SURVIVE 2009

Tsunami · Posted: Mon Feb 09, 2009 10:19 am Post subject: COMPANIES MIGHT NOT SURVIVE 2009

Unfortunately, according to a Yahoo! Finance article, this includes Six Flags. I would hate to see Texas without any major amusement park (excluding Kemah Boardwalk and SeaWorld).

http://finance.yahoo.com/news/15-Companies-That-Might-Not-usnews-14279875.html

Six Flags. (SIX; about 30,000 employees; stock down 84%). This theme-park operator has been losing money for several years, and selling off properties to try to pay down debt and get back into the black. But the ride may end prematurely. Moody's expects cash flow to be negative in 2009, and if consumers aren't spending during the peak summer season, that could imperil the company's ability to pay debts coming due later this year and in 2010.

that L do pig

Markieb · Posted: Mon Feb 09, 2009 2:18 pm Post subject:

I also saw that today.
Gloom picture, but I would think if SF did close someone would buy at least most of the individual parks. Dallas and GA excluded.

On the bright side it all evolves around what happens this summer and Obama should have everything fixed by then, so it it a non issue.

ThatTh*ngGirl · Posted: Mon Feb 09, 2009 2:28 pm Post subject:

This is an editorial piece, though based heavily on facts. SF has been mired in bad financial news and outlooks for the better part of the last decade anyway and have survived, still (though not the same as it was.) Cash flow-positive for the last quarter and guest satisfaction is emerging from the murky hell it'd been in through the Premier years.

OT and OG are investor-protected, and those investors are in charge of those parks' destinys should SF fail.