Author Topic: 48 CENTS (Read 7400 times)

GADVwow · « **on:** July 10, 2008, 07:10:05 PM »

Yes, 91 CENTS, down 82 percent in the past year.

That's what Six Flags stock closed at today.

Oh, Cedar Fair aka FUN? $16.69. A new 52 week low, down 42 percent in the past year.

Yep, gas prices are helping both, just like Messrs Kinzel, Falfas, Snyder and Shapiro have predicted.

Not.

Sigh.

I wonder how much further the market plunge will go? And how long it is before the unsolicited hostile takeover offers start? Or before SIX files bankruptcy or FUN defaults on bank loan covenants requiring certain performance levels?

ADMIN EDIT: I adjusted the title to reflect the 48 cents it closed at today. Read through the topic as we discuss its drop

WadeJ · « **Reply #1 on:** July 10, 2008, 08:14:24 PM »

This better be a damn good quarterly report. And even that probably won't help much.

rjholla2003 · « **Reply #2 on:** July 10, 2008, 10:49:26 PM »

It's downright disgusting. The whole market sucks right now, but being at the bottom of a barrel of crap is just...crappy. It really doesn't deserve to be that low. It's only because of the false hopes that impatient investors gave themselves that the stock is in this current mess. Not that the old regime's old mess didn't 'help' out.

Dubya91 · « **Reply #3 on:** July 11, 2008, 12:51:55 AM »

.91 is very very bad. I forget what happens when a stock dips below $1 in the stocks.

I just hope that the new regime gets enough time to prove that their ideas can work...

What is Disney doing in these times?

GADVwow · « **Reply #4 on:** July 11, 2008, 07:14:11 AM »

a. When a stock goes below $1 and stays there at least thirty days, the exchange CAN (but sometimes does not) delist it, making it trade either on another exchange (unlikely) or over the counter (very expensive, by comparison). Most delisted stocks soon end up in more serious financial trouble.

B. Disney closed at $29.60 yesterday, down 13.6 percent in the past 52 weeks. Parks are a significant, but relatively small part of their business.

PcMan · « **Reply #5 on:** July 11, 2008, 11:21:36 AM »

the weathers been great this year so far
for at least this region

but yes they need to do something big if the #'s don't come out good

but if you want to make some quick $ this is the time

GADVwow · « **Reply #6 on:** July 11, 2008, 02:40:39 PM »

Maybe, maybe not. That which goes down does not necessarily go up. It may go down, down, down, down, down, down and then be worthless. Time will tell.

GADVwow · « **Reply #7 on:** July 11, 2008, 04:15:13 PM »

Today's SIX close? 89 cents. Down another two cents...

Dubya91 · « **Reply #8 on:** July 11, 2008, 11:36:15 PM »

Finished at $0.88, That is not good and as Wade said, the Quarterly Reports could be the difference between sink or swim :-/

overlord · « **Reply #9 on:** July 12, 2008, 04:28:26 PM »

I just don't understand why it can even grow to be this low in the first place. Like besides investors, what other ways will the stock go up? I don't understand what makes it go up and down.

GADVwow · « **Reply #10 on:** July 12, 2008, 04:33:47 PM »

What makes it go up or down? Investors' expectations of making earnings, getting their money back, or not....

overlord · « **Reply #11 on:** July 12, 2008, 04:39:55 PM »

I understand the investors play a large part but the actual controlling the price of the stock. What determines how much money each stock should cost?

GADVwow · « **Reply #12 on:** July 12, 2008, 04:44:52 PM »

What a willing buyer will pay for it AND a willing seller will sell it for...when there is agreement between the two, the price is thus determined...on the stock exchange.

It's like the definition of fair market value: What a willing buyer would pay a willing seller with both having full knowledge of the relevant facts and circumstances with neither being compelled to act. It is also assumed it is an arm's length transaction, with no hanky-panky involved.

Dubya91 · « **Reply #13 on:** July 13, 2008, 10:19:35 PM »

Well the stock market as a whole is down and is now currently a bear market

GADVwow · « **Reply #14 on:** July 13, 2008, 10:27:07 PM »

And now, with the strong possibility that the Busch parks may be divested, there will be even more downward pressure on SIX and FUN.

Dubya91 · « **Reply #15 on:** July 14, 2008, 12:03:26 PM »

What will happen to busch parks. Will they be sold or will they get the GL treatmment

WadeJ · « **Reply #16 on:** July 14, 2008, 03:32:56 PM »

/\ I don't know but please take the AB situation to the InBev Buying A-B thread

GADVwow · « **Reply #17 on:** July 14, 2008, 07:17:27 PM »

And so today SIX was down 12.5%, 11 cents, to 77 cents.

Sigh.

Dubya91 · « **Reply #18 on:** July 14, 2008, 11:21:24 PM »

Oh boy....what happens from here?

When do the quarterly reports come out?

overlord · « **Reply #19 on:** July 14, 2008, 11:24:12 PM »

I honestly do not think that the quarterly reports are going to do anything. It seems like investors are expecting an overnight Disney type of park or something.

GADVwow · « **Reply #20 on:** July 16, 2008, 04:03:28 PM »

In the last half hour of trading today, SIX essentially collapsed. It closed at 52 CENTS, down nearly 40 percent in the last half hour alone....with a market cap of 50.8 million dollars. I see no way this can continue for long...

WadeJ · « **Reply #21 on:** July 16, 2008, 04:10:29 PM »

Is it just me or does this almost seem intentional to let it collapse?

Shouldn't Snyder and Co. be out and about doing some PR? Hitting the airwaves to anyway they can?

I agree, it can't continue for long. I said it before, it gets removed by the beginning of August. And I can see a bankruptcy sale shortly after

.

GADVwow · « **Reply #22 on:** July 16, 2008, 04:20:22 PM »

It's even worse. The final figure issued by the NYSE for today's SIX close is 48 CENTS, down 43.5%, with a market cap of 46,86 million....

Ogolo · « **Reply #23 on:** July 16, 2008, 05:10:52 PM »

Quote from: WadeJ on July 16, 2008, 04:10:29 PM

Is it just me or does this almost seem intentional to let it collapse?

Some thought that was Snyder's plan all along.
But who would want to buy all that debt for 47 million? Not a real bargain.

GADVwow · « **Reply #24 on:** July 16, 2008, 05:12:13 PM »

At least one trade today went through at . . . 25 cents a share!

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Author Topic: 48 CENTS (Read 7400 times)