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Bulls: Reasons To Buy

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Feeling Bullish? Be the first to explain why this would make a good investment

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Bears: Reasons To Sell

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Running out of cash, and fundraising option will be dilutive

As of March 2008, Six Flags' cash position sits at the end of Q4 with over $28 million in unrestricted cash and $5 million drawn on a $275 million credit line. But, they have preferred stock outstanding that’s mandatory redeemable in August of 2009 for $288 million. That... read more
2 votes
100%
agree

Losses not getting better, despite what it looks like

Six Flags reported a loss after preferred dividends of $132.4 million, or $1.39 per share, compared with a loss of $195.2 million, or $2.07 per share, a year earlier. This would lead folks to think things are getting better. While the reported loss improved over last year, if... read more
2 votes
100%
agree

Large financial hurdles in addition to visitor growth

Even if SIX does increase attendance by 3% in 2008, which is far from a probability or even likely, the company faces larger financial hurdles ahead in the next two years. If you are thinking of buying shares, currently priced at $1.63 a share, my guess is you could wait a... read more
2 votes
100%
agree

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