Paradox wrote:
Has anybody thought about how Six Flags will come back at this? I mean KK has held the record for the past 9 years and we all know Six Flags cannot live with someone else having the record.
It is unlikely that we will ever again see the coaster wars of the 90's. A time when Morgan was king, Arrow Dynamics still built roller coasters, and Intiman was a one hit wonder in the over 200 club with with Superman: Escape from Krypton. Giovanola entered the game and promptly went bankrupt and S & S was still trying to make the whole air coaster thing happen. Reckless spending, bad management, and an unexpected downturn in the travel economy after 9/11 drove Six Flags into bankruptcy. Cedar Fair trying to engage in this war also took a huge hit but were able to restructure the debt and avoid a bankruptcy.
In order for Six Flags to comfortably be afford to be able to do anything they need their stock price to be over $75 a share. Until it's there I don't think we are going to see much capex expenditures out of the them aside from a few < $1M projects at parks.