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Everything posted by ytterbiumanalyst
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Cedar Point (CP) Discussion Thread
ytterbiumanalyst replied to robbalvey's topic in Theme Parks, Roller Coasters, & Donkeys!
Oh man, that is such a CP thing to do.... -
Discretionary capital is actually a lot more comprehensive than that. It helps to understand mandatory capital expenditures, as they're a lot more straightforward. Mandatory capex is anything required to keep your assets at their current value; in other words, if you didn't pay it, you'd incur a loss. Discretionary capex is anything beyond that. It's going to be hard for us outside the company to say what is what, since depreciation means all of your rides are constantly falling in value, and therefore maybe you need to replace a ride to offset that. Your real estate value might be going up, depending on how land is doing in your area, so maybe that more than offsets depreciation, but then of course you can't monetize that unless you sell land, and if you sell land, maybe you reduce your ability for future income. It's all terribly complicated. What the cut to discretionary capex tells me is that SF is much more concerned right now with avoiding a loss than they are with future growth, which in my opinion is exactly what their focus should be. Maybe others who are more up on accounting stuff can chime in. I'm certainly not an expert on this; that's just what I've gleaned through years of business meetings. Hope that helps.
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Nice! Good food, good theatre, good shopping...all the NY stuff! I had a friend who had a Virtual Boy. It was kinda cool I guess, the tennis game gave somewhat of a sense of depth, but really it was hard to play for any length of time. The monochrome red screen was just weird. Would love to visit that store, though, the museum type displays are super cool.
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This testing and contact tracing seems to be exactly the right thing to do, and Korea got on it immediately. In the US, we have had no such thing at all. A lot of state and local governments are doing a good job trying to get PPE and tests, but they're being undermined by the federal government that just wants it all to go away while at the same time being unwilling to do the actual work of fighting the outbreak. Instead, they've been waging a propaganda campaign to convince people that they should support the deaths of millions of Americans just so a few already wealthy people can continue extracting wealth from the working class. It's so frustrating that we can't even get Americans to agree that the most important thing is to fight the outbreak. Korea had a much more united approach, and thus drastically different results.
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Asimov
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I'm not sure what your point is exactly, since Georgia is very much like a lot of states, with one major metro area and the rest of the state quite rural. Just off the top of my head, several states would fit that description: Alabama Alaska Arizona Colorado Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Michigan Minnesota Mississippi Nebraska Nevada New Mexico North Dakota Oklahoma Oregon South Dakota Utah Washington Wisconsin
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Speaking of good things the Broadway community is doing, Lin-Manuel Miranda makes a kid's day with help from Mary Poppins Returns co-star Emily Blunt and several surprise guests (make sure you watch all the way to the end): [youtu_be] [/youtu_be]