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  1. #1

    • Circle of Ancients
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    Six Flags shows record gain on reports of positive guest approval and free cash flow

    In some good news for Six Flags, it's stock showed a record gain last week. Reports of Positive Guest Relations ratings on safety, cleanliness and value are "at or above all-time highs".

    Six Flags, the amusement-park chain whose stock the past two days has resembled one of its roller coasters, had a record gain in New York trading after forecasting its first-ever year of positive free cash flow.

    Six Flags surged 39 cents, or 81 percent, to 87 cents as of 4 p.m. in New York Stock Exchange composite trading, more than making up the stock’s loss from yesterday, when it dropped 37 cents in its heaviest trading day in two years. Today’s gain was the biggest advance since Premier Parks Inc. bought the theme park in 1998 and took its name.

    “Our performance to date has us positioned to be free cash flow positive for the first time in the history of the company,” Chief Executive Mark Shapiro said Thursday in a statement.

    The company also said guest approval ratings on safety, cleanliness and value are “at or above all-time highs,” citing surveys done by Hatboro, Pennsylvania-based Delta Market Research at 12 of Six Flags’ 21 parks.

    Wednesday, at least 11 million shares, or 66 percent of the day’s volume, were sold at 25 cents in a span of about five minutes, according to data compiled by Bloomberg. That was 71 percent below the previous day’s closing price of 85 cents.
    More at the link

    http://www.star-telegram.com/business/story/765622.html

  2. #2

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    • Skeevy Ray Vaughan
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    Re: Six Flags shows record gain on reports of positive guest approval and free cash f

    That's funny. My wife went Thursday and mentioned how much cleaner it was from the privious trip. Looks like things are paying off.

  3. #3

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    Re: Six Flags shows record gain on reports of positive guest approval and free cash f

    I had an excellent expieience yesterday at SFMM and I am glad Six Flags is finally making an improvement.

  4. #4

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    Re: Six Flags shows record gain on reports of positive guest approval and free cash f

    At Six Flags Magic Mountain, there is now a trash can about every 20 feet which accounts for one reason why the park is cleaner. Also, come next year, their filthy smelly restrooms will be closed and new centralized ones with greater capacity will be constructed. YAY! I noticed employees at SFMM are a lot more friendly this year and most greeted me with the Disneyesque line of "Have a Magic Day!" There is a new, somewhat interesting, museum on the history of Magic Mountain at the top of the red Sky Tower (now reopened) by Ninja. It is NOT a museum-quality exhibit by any means but one that was hacked together by an employee with no budget. Remember the SFMM troll mascot? He's there! As is an artist rendering of the old Texas Instruments Computer Center. Remember that? Before computers were in every household, you could go there and have some educational fun on a PC.

  5. #5

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    Re: Six Flags shows record gain on reports of positive guest approval and free cash f

    After many years of spending excessive amounts of money on bigger, and even bigger rides, and ignoring the general conditions of the parks, they finally have seen the light. They now have a management team in place that understands running a theme park is about more than just throwing a bunch of big thrill rides on to a piece of land. You have to manage the park, the food, the bathrooms, and even the trash cans. It's good to see that they finally got it and things are starting to turn around for them.

    If they play their cards right, they could do quite well during this time of high gas prices and a slow economy. A lot of people's budgets are too tight right now to take week-long road trips to far away places like WDW or Disneyland, but a closer regional park, like Six Flags might be more feasible for a lot of people.

  6. #6

    • Can Only Wish For More!
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    Re: Six Flags shows record gain on reports of positive guest approval and free cash f

    I was surprised that the employees were at Disney standards, and they did look better than Disney employees, uniform-wise. I just hope they keep the momentum and improve even more!
    Took mom to Disneyland for the first time in over 20 years this week! Woo!
    - March 1, 2006

    She screamed, cried, and laughed...
    - me too!

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