Six Flags: More Excuses, Potholes Ahead

[GADVwow]

At least this source is consistent in their strongly negative viewpoint toward Six Flags in general and Mr. Snyder in particular:

http://seekingalpha.com/article/67986-six-flags-more-excuses-potholes-ahead

[WadeJ]

Enough said right here...

That being said, we can now assume that 2008 will be another year of cash draining operations. When you couple this with mandatory redemptions in both 2009 and 2010 that will each be in excess of the company's current available credit, one must be leery of what lays ahead.

SIX will be forced to exchange the preferred for common (diluting shareholders even further), renegotiate another preferred that, given the current credit environment, will have far less advantageous terms than currently had (higher dividend) or, sell assets that will in effect lower revenues and extend losses. None of these are good.

I wasn't aware of the situation coming in 2009 and 2010.