ginzo Posted November 9, 2007 Share Posted November 9, 2007 But remember Six Flags has a debt right now and that debt is not disappearing and that makes it tough for a company to make money. Yes, Six Flags has a tendency to do below $4 and rise back to $6 but past performance is no guarantee of the future. Yes, Six Flags "sounds" good at less than $3, but it also looked good to me when I bought it a month ago when it dipped below $4. This is very true. My employer has a similar debt/revenue situation to Six Flags. We have about $2 billion in debt, and roughly the same revenue as Six. As a result, our stock has been hovering between $2 and $6 for the last 6 years or so. My feeling is that it will never break out of this cycle until something major happens, like a buy out or something. So yeah, our stock is awful for a long term buy and hold strategy, but people do make money short term trading this cycle we're in. They'll buy at like $4, and then sell at $5. You could probably do the same thing with SIX. Link to comment Share on other sites More sharing options...
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