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denning

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Everything posted by denning

  1. wait, is that a really funny photoshop, or is there actually a huge fire?
  2. Last year bought a Darien Lake season pass for a single visit. They had a buy a pass get a friend in free promotion and the pass was cheaper than both of our admissons would have been otherwise.
  3. I'm pretty sure as a share holder, I'm a bit more worried about SIX's stock price being traded at .30 cents a share. I get not liking the theme for whatever reason, but let's not go off the deep end here my friends. -Sean When the company is a penny stock you have to question management's decisions. My point is not that it should have been Lex Luther, or Doomsday or Bizarro or Joker, frankly my opinion on the theme is not the issue. The question is the decision to spend the money to retheme an already strong themed well known ride. It makes you question management's focus and decison making capabilties. To spend millions of dollars rebranding a ride so well known and likely by the public reminds of the Att Blue is now Cingular is now orange ATT fiacso. Could that money be better spent in other places such as better trainedstaff, in repaying the crippling debt, or in advertising. If that does not make you question your investment in management, then you probably the very type of investor who lost their shirt in the past year.
  4. I think Bizarro as a theme is interesting for a new coaster or if they rebranded the nearby Mind Eraser. Such a rebrand would be great a coaster with a medicore or dated reputation, which is why I do no think it is such a big deal for Medussa which is not even close to as popular as it once was Kingda Ka, Nitro, El Toro, and Superman all stealing its spotlight. But to change the number 1 ride at a park, which was highly rated and a truly famous coaster just erodes brand value and should cause shareholders real concern. How many people are going to ask or complain why they removed the superman ride? Even at Darrien Lake four years later, the GP still calls it superman. A real questionable decision.
  5. Carnegie Deli at SF Great Adventure. Nothing beats good old fashioned Deli and Rollercoasters at the same time. Second place would be the Nathans at Coney Island where they do the Fourth of July Hot Dog contest , Nathans + Cyclone is something that not even Thor can ruin. Just writing this makes me want to return to NYC so bad.
  6. It's not *just* the old owners under a new name. It's 5 people. 3 of them are new, 2 of them are the old owners. --Robb I wonder where they got the money to be part of this new investment group.... That is the first rule of financing, only invest other people's money! If it does not work out, then all you lost was your equity ownership shares which you never really paid for. And they got this money the same way they got it last time, by charming banks into trusting them with a business plan. Now even though the credit market is much tighter now, you can see them pitching, at a $400 million investment, we needed to hit $x dollars of spending, we only had $y, but with a $25 million investment we only now need spending of $z to make a profit. So if you liked at $400, you will love it at $25! Keep in mind that for investors theme parks are like sport teams, ego investments that people typically will buy in hopes of the capital value increasing, even if the annual profit projections are not as positive.
  7. Now, I cannot say anything for certain, I have not read the filings in the proceedings, nor have I acted for any of the creditors. The question is that asked by the Court is this, what is the most that can be gotten for the creditors. There are three options: 1. Sell the assets off individually and see what you can get. Which is usually not ideal as you have to arrange everything seperately lots of lawyer fees, and details. 2. Do a straight sale which is possibly what happened here and take a loss with no chance of any future payment. or 3. Which is common and what I assumed happen here, arrange for a sale of all of the assets to an entity that wishes to run it as a going concern. In that case, it is possible that to get partial payments from future profits if successful. When selling as a going concern the sale price is usually less, but not extremely far from, the value of the assets being sold individually. In this case, the creditors and their advisors would assess the possibility of their being a positive return from the new entity and discount the minimum sales price accordingly. Usually creditors like the going concern because they already have taken the hard loss on their loans, but still have a possibility of recouping a portion, as opposed to the straight sale when no matter how successful the park may become their is no chance of ever getting a penny more than $25 million.
  8. They are based out of Europe, I took a flyer and used them last year and was nervous. Get to the hotel, low and behold, room is there, prepaid as promised.
  9. Happens all the time, most of the ownership groups arising out of bankrupcty have at least a partial connection to the previous group. All that matters is that the chance of the creditors being paid the $25 plus some future profits is the best option out there. The old ownership structure did not work, and none of the debt was going to be paid, not $25 million, nothing. All the creditors care about is getting there money back, letting the park stay closed out of spite is bad business as is holding out for theoretical foreign buyers who appear at the last minute. There were months of discussions you have to believe that the $25 million dollar offer was the best real offer actually out there. In bankruptcy work in this economy, or in any economy, you can't play the would have, should have game. Let's just hope that the new ownership group learned from the mistakes of the not so distant past and that the park stays open this time.
  10. I am sure they will negoigate seperate and profitable service agreements, probably to be paid far in advance. It is not the new owners fault that the old owners renegged on the deal.
  11. Once in bankruptcy it is the job of the Trustee to get maximium value for the unsecured creditors, you are bankrupt when you can't pay off the creditors, and the creditors in effect take control of the assets. Obtaining maximum value that can either be done for selling the company for nominal value on the hope that the future revenues go back to the creditors, factoring off debt, sell parts of the company off piecemeal or through a straight cash sale. Once a plan is established depending on the jurisdiction, the creditors may get a vote on the plan and it eventully will need to be approved by a judge. In this case, a sale was agreed, without further information it can still logicly be assumed that the old HRP debt is not part of the deal, still there is likely some future debt or repayment oblgiations invovled, especially if the land value exceeds the purchase price.
  12. We won a VIP tour of Disneyland/CA, and used it during Thanksgiving so an insanely busy day, the guide was pretty clear that she was not allowed to bypass the lines for us. She did assist us in that regard a few times, but was more helpful in that she would walk to get us a fastpass while we stood in standby or would get the chance to stay on for a second ride. What was really great was the reserved seating for Fantasmic and the Blue Bayeau. We got both CA and Disneyland done properly in a very full day. After tipping is taken into account, would probably recommend just staying a second day instead, but very memorable.
  13. I do not know what is more impressive the socks pulled up so high or the shirt. Wow.
  14. all depends on the deal, no one should buy hard rock park's corporation and assume all liabilities and contracts. In bankruptcy the Trustee's obligation is to sell the assets so that the creditors can get some of their money back. In this case, the best offer may be a "bulk sale" where you buy all the assets but hopefully none of the debt or other obligations. You would have to set up new agreements though for employees, royalties, etc, etc.
  15. Aren't Vekoma's the cheaper worse version of the inverteds? I thought that Superman The Not Clone at SF Great America was the first inverted.
  16. It really is a shame, on paper is a dream park. Amazing location with one of the world's top landmarks directly in view. Unique high-profile rides. Would have loved to have gone in and gone on the rides, but just taking pictures from outside for five minutes it very clear just have awful the operations were. Oh well. That is a park that needs fast pass or some form of vip pass.
  17. I agree it is a waste to rush to Behemoth as the line moves so quick for it. In fact it is deceptively long which makes some riders turn away, the other rides all load slow so get them done and they be prepared to wait in the fast moving and never that long line for behemoth, even on the busiest days it is never more than 100 minutes wait.
  18. I just want to say that Fuji-Q operations were awful no mater the weather. We tried to go with the group, but when the weather required them to reshuffle everything, we were unable too. It was great meeting everyone quickly at DisneySeas though. We decided to go it on our own, we rented a car with a crazy Japanese GPS which was a riot to drive and then headed to the real Mt. Fuji for a nice 7 hour climb (about 60%) of the way up. Climbing Mt. Fuji was surreal and if anyone is going near there I highly recommend it. We finished the climb early to allow us 3 hours at Fuji-Q to get at least two rides in, it was a week day in late september, should be easy right? Japanese GPS, yes it speaks for itself, but I have no idea what it said. Just hit buttons at random until it sorta was going where I wanted it too. This is where we quit, still a much more enjoyable 7 hours than waiting in lines at Fuji-Q Heaven, at the base of Fuji. Even in late september it was super hot, so I thought it was a mirage. That was until they took my yen. About 30 seconds after we quit, world's most intense grandpa comes flying up past us. Boy did we feel like fat lazy Canadians. Before you go in, it sure is prutty and stuff, with the mountains and the S&Ss More than 3 hours time enough for at least one ride right?
  19. Kingda Ka is better for one reason and one reason only. Flashpass, why wait in line with the sheep and get one or two rides on a busy day, when you can pay extra and get 10-15 rides of facepulling goodness. Having ridden both, I agree that Top Thrill's restraints give a slightly better ride, but that quality is not enough to overtake the quanity argument. And yes you can compare which clone of Batman and Bomerangs is best, because operations, maintainance, theming, and location are part of the experience.
  20. Is anyone here going to be honest and admit that once in a while they have not been tempted to skip part of a line. This whole holier than thou, I get in people's faces and try to stop when they linejump thread is slightly amusing. I have on occasion jumped the line and am I a truly monster for not regretting it? At least I am honest. The worst are the people who linejump and then complain when people linejump them.
  21. To be fair though, in theory each season should be a seperate thread. As should each year of Big Mike's road show. Either way, I bow down to both of you.
  22. Intamin fixed this problem on Kingda Ka by putting a drive tire on the top to push the car over if needed.
  23. Boomers FLL Magic Kingdom Epcot Animal Kingdom MGM Darien Lake Canadas Wonderland x4 CNE Ontario Place Tokyo DisneySea LaQua Hong Kong Disney
  24. Tsujki fish market, avoiding the barrels of death is a ride you will never forget!
  25. Don't you think we know how to plan around bad weather? --Robb "You should be more worried about spelling the word 'the'' Alvey Never doubted that you did, but certainly doubted that we did! Shortly after posting this, we had to scramble to change all of our hotels to avoid the storm. Not the most fun way to start off a honeymoon at the airport. After seeing you guys at disneysea on thursday, we did not try to get to Fuji-Q until mid-afternoon on Tuesday. We had a 2.5 hour window on a weekday post-summer and with the pay-per-ride structure, we thought we would easily have a chance to get in at least two of the big three. Wrong. I think this picture speaks for itself. Further proof that Fuji-Q is run by the wrong Japanese railroad company
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