ParkTrips Posted November 3, 2005 Posted November 3, 2005 Article from Cleveland's News Net 5 LEVELAND -- The company that owns Cedar Point is looking to buy several more parks from a struggling theme park company. A decision is expected within the next three months whether Cedar Fair will go through with buying all of Six Flags amusement parks. In March 2004, the company bought Geauga Lake from Six Flags. Six Flags is the world's largest theme park company but is $2 billion in debt. The word that jumped out more than any in that article is several... :shock:
Blazen_AZN Posted November 3, 2005 Posted November 3, 2005 Article from Cleveland's News Net 5 LEVELAND -- The company that owns Cedar Point is looking to buy several more parks from a struggling theme park company. A decision is expected within the next three months whether Cedar Fair will go through with buying all of Six Flags amusement parks. In March 2004, the company bought Geauga Lake from Six Flags. Six Flags is the world's largest theme park company but is $2 billion in debt. The word that jumped out more than any in that article is several... :shock: what about the word ALL?
ChrisZer0 Posted November 3, 2005 Posted November 3, 2005 The question is: Would you want CF running a chain the way they've ran Knotts? Personally, I dont.
Bubba Z Posted November 3, 2005 Posted November 3, 2005 WASHINGTON (Reuters) - Diaco Investments LP, which holds a 9.8 percent stake in theme park operator Six Flags Inc. (PKS.N: Quote, Profile, Research), said in a regulatory filing on Wednesday that this is the wrong time to put the company up for sale. Diaco said it intends to grant its consent in favor of Red Zone LLC, an investment firm owned by Washington Redskins football team owner Daniel Snyder. In August, Six Flags put itself up for sale after Snyder said he was seeking to replace the company's chairman and chief executive and to raise his stake to 34.9 percent from 11.7 percent. Snyder had offered to pay $6.50 a share to increase his stake in Six Flags, which operates 30 theme parks that include amusement rides, water parks and safaris. Six Flags shares closed Tuesday New York Stock Exchange trade at $7.36. Diaco said in the filing with the U.S. Securities and Exchange Commission that it believes in Red Zone's ability to enhance Six Flags' share value. Six Flags said last week that it had sent consent revocation materials to shareholders in connection with Red Zone's plan to try to change the company's management. It said Red Zone's proposal was not in the best interest of shareholders. Six Flags has said it set an early-November deadline for potential suitors to submit initial takeover offers, with the aim of finding a buyer by year-end. Diaco, which owns 9.09 million shares of Six Flags' common stock, said in the filing that it may engage in discussion with management, the board of directors and shareholders about the business, operations, board composition, management strategy and future plans of Six Flags. It may also buy or sell additional shares, engage in hedging, seek board representation, and encourage Six Flags to pursue strategic transactions. add this to the mix . We will have to wait and see if they do sell.
zongaboy626 Posted November 3, 2005 Posted November 3, 2005 parks they will probably buy sfmw sfeg sfww (concord and sacramento) sfa these are my best geusses
M_Force_4_ever Posted November 3, 2005 Posted November 3, 2005 ^why would they buy parks that don't do well...I would think some parks they may be interested in -SFGAm -SFGAv -SFMM -SFOG yeah, come on and buy SFGAm please!!!!!
trustkill22 Posted November 3, 2005 Posted November 3, 2005 I would have to say they may buy SF Darien Lake because it seems that most of they're parks they have are on the north east side of the states
Hercules Posted November 3, 2005 Posted November 3, 2005 ^why would they buy parks that don't do well...I would think some parks they may be interested in -SFGAm -SFGAv -SFMM -SFOG yeah, come on and buy SFGAm please!!!!! But why would they buy parks that are in direct competition with other parks that they have? Oh wait, they took over Geauga Lake But seriously, why would they do that? I would say that they would take over the struggling parks so that they could get a good price for them and then try to mold them into better parks.
zongaboy626 Posted November 3, 2005 Posted November 3, 2005 ^i like pie But why would they buy parks that are in direct competition with other parks that they have? Oh wait, they took over Geauga Lake But seriously, why would they do that? I would say that they would take over the struggling parks so that they could get a good price for them and then try to mold them into better parks. thank you
Hercules Posted November 3, 2005 Posted November 3, 2005 You're welcome, but you have to think of places that have some sort of potential too. A park or two that you mentioned really don't have that much potential or room for growth. However, they are in fairly good areas.
ECZenith Posted November 3, 2005 Posted November 3, 2005 The Great Escape could have great potential if purchased by Cedar Fair. talk about a park that needs a change in skyline...
Scaparri Posted November 3, 2005 Posted November 3, 2005 Article from Cleveland's News Net 5 LEVELAND -- The company that owns Cedar Point is looking to buy several more parks from a struggling theme park company. A decision is expected within the next three months whether Cedar Fair will go through with buying all of Six Flags amusement parks. In March 2004, the company bought Geauga Lake from Six Flags. Six Flags is the world's largest theme park company but is $2 billion in debt. The word that jumped out more than any in that article is several... :shock: The word that jumps out at me in that article is all, as in "A decision is expected within the next three months whether Cedar Fair will go through with buying all of Six Flags amusement parks. :shock: Now to be honest, most of the CF parks I've been to haven't been that bad, but I'm not a fan of CF's decision making skills as well as their lack of respect for tradition and character. Plus, with how they handle Geauga considering how close it is to CP, I can't imagine how they would deal with three California parks.
RaptorBoyASU Posted November 3, 2005 Posted November 3, 2005 The question is: Would you want CF running a chain the way they've ran Knotts? Personally, I dont. Main difference here, Knott's was run independent before, and run quite well. Expecting a corporate giant to come in and do as well (keep all the charm) is unlikely. However, SF is another story. They've already been running the parks into the ground. I can't see how it would get any worse. Geauga has improved (even if attendance hasn't).
M_Force_4_ever Posted November 3, 2005 Posted November 3, 2005 ^why would they buy parks that don't do well...I would think some parks they may be interested in -SFGAm -SFGAv -SFMM -SFOG yeah, come on and buy SFGAm please!!!!! But why would they buy parks that are in direct competition with other parks that they have? gee I don't know...TO MAKE MONEY!!!! those four parks are I believe the highest grossing parks in the chain so that would leave SF with smaller parks that they could focus on and try to turn around profit and attendance wise. also if they own all the parks in the area and there is no competition they can set prices as high as they like and anyone who wants to enjoy an amusement park close to home would have no choice but to pay, look at the season passes for CP/GL hey charge over 100 for them but if you get a CF pass at anyother CF park it is good at both but it it I think 30 dollars less...just a thought
ParkTrips Posted November 3, 2005 Author Posted November 3, 2005 -SFGAm -SFGAv -SFMM Highly unlikely. They'd be more likely to buy fairly successful yet smaller parks IMHO. New England and Fiesta Texas, for example. -SFOG I'd put that at 99.9% unlikely. Partnership. yeah, come on and buy SFGAm please!!!!! I sure as hell don't want them to buy my park Yea, I neglected the word 'all' because I seriously doubt they would take over the entire chain.
GAcoaster Posted November 3, 2005 Posted November 3, 2005 parks they will probably buy sfmw these are my best geusses I've heard several people mention they thought CF would buy SFMW, and I have no idea why anyone would think that. It would be the same situation they have with GL. Take out all the animals (because they have said they don't want to run animal parks) and you're left with a crappy park with vacant animal exhibits that the locals stop going to because they liked the animals. Personally, I don't see CF having the money to buy SF outright, or the interest. I could see them buying select (smaller) parks, but not the whole chain.
Hercules Posted November 3, 2005 Posted November 3, 2005 The question is: Would you want CF running a chain the way they've ran Knotts? Personally, I dont. Main difference here, Knott's was run independent before, and run quite well. Expecting a corporate giant to come in and do as well (keep all the charm) is unlikely. It sounds like people that are close to Knott's have the same feeling as the people that are close to Dorney (someone like me)
Hercules Posted November 3, 2005 Posted November 3, 2005 ^why would they buy parks that don't do well...I would think some parks they may be interested in -SFGAm -SFGAv -SFMM -SFOG yeah, come on and buy SFGAm please!!!!! But why would they buy parks that are in direct competition with other parks that they have? gee I don't know...TO MAKE MONEY!!!! those four parks are I believe the highest grossing parks in the chain so that would leave SF with smaller parks that they could focus on and try to turn around profit and attendance wise. also if they own all the parks in the area and there is no competition they can set prices as high as they like and anyone who wants to enjoy an amusement park close to home would have no choice but to pay, look at the season passes for CP/GL hey charge over 100 for them but if you get a CF pass at anyother CF park it is good at both but it it I think 30 dollars less...just a thought I really hope your aren't thinking of a career in business. I think that others have explained why that wouldn't happen well enough. But the main thing that I don't get is that you said that they would set prices as high as they want! If they set prices too high then people won't go And the season pass thing (if I understand you correctly) doesn't really matter because like Six Flags parks a pass to a Cedar Fair park is good at all Cedar Fair parks anyway. The reason that a Cedar Point pass is so much already is because it is a very large park. A Dorney pass is at 90 right now.
MagnumForce Posted November 3, 2005 Posted November 3, 2005 The only Six Flags park in direct competetion with a CF park is Magic Mountain.
Musical Pete Posted November 4, 2005 Posted November 4, 2005 Cedar Fair may operate parks slightly better than six Flags, but if they all went Cedar Fair, we'd get the annoying extra rules and announcements, such as the one telling guests they cannot use their cameras on ANY ride at Cedar Point, etc. SFEG and SFMM didn't mind me filming, on their big coasters.. could just be lazy staff though (yeay, better than jobsworthy powermad teen staff!).
HCOSurfer90 Posted November 4, 2005 Posted November 4, 2005 SFGadv is also in competition with a CF park for they have the worlds tallest coaster. SFGadv has 2 record breakers held over CF for height, speed, and bsteepest drop. Do you see any CF parks beating those records yet, I dont think so so obviously, as said above, SFGadv is also in competition with CF parks
ParkTrips Posted November 4, 2005 Author Posted November 4, 2005 (edited) The only Six Flags park in direct competetion with a CF park is Magic Mountain. Magic Mountain is not the same kind of park as Cedar Point, the only sort of competition they have going is for the most coasters in one park. They aren't drawing from each others pool of visitors though SF St. Louis - Worlds of Fun? SF Great Adventure - Dorney? SF Magic Mountain - Knott's? Six Flags parks don't allow you to film onride unless you have special permission. I think if you were to combine certain practices of each corporation you could get a kickass chain but for now I'll actually take SF, especially if RZ takes over (it's close too!!! ) Edited November 4, 2005 by ParkTrips
Hercules Posted November 4, 2005 Posted November 4, 2005 ^^ Actually I was saying that because they are in very direct competition with Dorney. (You beat me to it Joe! That twin thing is coming back, and making me edit my post ) ^^^ I thought you were going to go down the road that if Cedar Fair bought all of the Six Flags parks that they would not be able to operate them very well due to overexpansion. I don't know. I just think the rules are there for a reason so I don't mind them. I do mind the brainwashed ride ops though.
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