Cedar Fair Corporate Development Discussion Thread (FUN)

P. 156: CF buys Schlitterbahn, New Braunfels and Galveston
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Re: Cedar Fair Corporate Development Discussion Thread

Postby jarmor » Sun Aug 05, 2018 7:02 am

John Peck wrote:But also remember the county is doing MUCH better with the Republican tax cut plan: business are paying more per hour, unemployment is dropping like a stone, and even before those wage increases take home-paychecks are up an average of 2%....


What county?
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Re: Cedar Fair Corporate Development Discussion Thread

Postby Sven20 » Sun Aug 05, 2018 12:22 pm

jarmor wrote:
coasterbill wrote:- They are going to test a 12 month installment season pass plan like Six Flags has next season

FINALLY!!!
That concept has kept me with every major park chain, sans disney, because I don't have to go through the hassle of renewing year after year.


Cedar Fair already had auto renewal if you wanted it. 12mth payments is not the same as membership. On the conf call CF comments and the tone when memberships was somewhat negative.

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Re: Cedar Fair Corporate Development Discussion Thread

Postby jarmor » Sun Aug 05, 2018 12:40 pm

If it doesn't auto renew after my contractual obligations then I feel it's a miss for cedar fair. You can't have a season pass anymore if my payments crossover 2 seasons. I guess i'm just use to how every major chain does it.
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Re: Cedar Fair Corporate Development Discussion Thread

Postby Sven20 » Sun Aug 05, 2018 12:51 pm

jarmor wrote:If it doesn't auto renew after my contractual obligations then I feel it's a miss for cedar fair. You can't have a season pass anymore if my payments crossover 2 seasons. I guess i'm just use to how every major chain does it.


Again, there already is an auto renew option that you can select for CF. You can do auto renew on the old 9 payment plan or the lump sum.

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Re: Cedar Fair Corporate Development Discussion Thread

Postby jarmor » Sun Aug 05, 2018 1:12 pm

Then what is the difference between auto-renew and a membership, aside from a price hike from season to season?
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Re: Cedar Fair Corporate Development Discussion Thread

Postby Sven20 » Sun Aug 05, 2018 2:25 pm

jarmor wrote:Then what is the difference between auto-renew and a membership, aside from a price hike from season to season?


https://www.cedarpoint.com/auto-renewal

Starting on or about September 1st of each year we will renew your Season Pass for the next season and charge the credit card on file.

Approximately 30 days prior to the renewal transaction, you’ll receive a confirmation email outlining the products and lowest price* for the following season. If the summary looks good, you simply need to login to the Season Pass Auto-Renewal Portal if you paid using Easy Pay and accept this year’s Payment Agreement (TILA) or if you are set up to Pay in Full then you don’t need to do anything else. If you’ve changed your mind, you can cancel your enrollment in the program via the Season Pass Auto-Renewal Portal with no penalties.
Paid in full accounts will be charged the full amount starting on or about September 1st each year.
Payment plan accounts will be charged 9 easy monthly payments starting on or about September 1st each year. The payment plan option doesn’t require the payment of any interest or additional fees.
No refunds will be accommodated after the initial charge on or about September 1st of each year.

A membership...a la Six Flags they keep charging you till you actively cancel. A season pass auto renewal you have to actively renew by agreeing to the terms. Memberships lack of active cancellation is an assumption of continued agreement of the terms.

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Re: Cedar Fair Corporate Development Discussion Thread

Postby jarmor » Sun Aug 05, 2018 2:32 pm

Thanks for that, so technically it does not auto renew until you give the go ahead to do so.
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Re: Cedar Fair Corporate Development Discussion Thread

Postby Jew » Sun Aug 05, 2018 11:38 pm

But also remember the country is doing MUCH better with the Republican tax cut plan: business are paying more per hour, unemployment is dropping like a stone, and even before those wage increases take home-paychecks are up an average of 2%.... but unfortunately the gas prices have gone up, and people see that first (myself included), but those prices will be coming down soon as the US prepares to take 3rd place and eventually 2nd place in oil production.


Not to let this thread get political, but you touched on something that impacts the entire industry: disposable income. Wages might be up 2%, but if the cost of all the goods you need also increase in price at a rate higher or equal to that (FYI: the CPI is up 2.9% in the last 12 months)..that's less actual money you have to spend on stuff like theme parks.

Now back to the normal discussion...

Knott's payment plan is 6 payments. I'm thrilled I can soon spread that out over 12 months now!
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Re: Cedar Fair Corporate Development Discussion Thread

Postby DirkFunk » Mon Aug 06, 2018 3:43 am

Cedar Fair's parks predominantly draw from red/"purple" states - Missouri, North Carolina, Michigan, Ohio, Pennsylvania, Virginia. These are places which will feel the strongest negative effects of trade war as they are involved in the manufacturing of durable goods or agriculture about to be tarriffed and possibly driven out of existence. Cedar Fair is also betting that Congress will be able to push increasing the number of J-1 and H-2B visas, which they openly admit their corporate tax savings are going to building dorm rooms for. They need that to keep the cost of labor down, as they are otherwise competing in the open market for workers and going to be forced to raise pay.

Six Flags has a stronger presence in the "blue" states, and is less likely to be affected. The price of oil increasing again to make shale profitable doesn't benefit Cedar Fair in any way. It is much more likely to positively affect Six Flags as their parks in Texas are much closer to that action.

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Re: Cedar Fair Corporate Development Discussion Thread

Postby jarmor » Mon Aug 06, 2018 3:47 am

Yeah, I wouldn't be so quick to say the country is doing MUCH better. Personally, I haven't noticed my income being more than normal.
"B&M will NEVER build a coaster over 300 ft..." until 2012
"Cedar Fair will NEVER build a coaster taller than MF..." until 2015

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