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If there's a suitor to be found for Cedar Fair (NYSE: FUN), it's likely to come in the form of a private equity firm. They're the ones with the deep patience and deeper pockets to finance a $3.5 billion to $4 billion reclamation project.
No, Cedar Fair isn't even officially on the market, but the company's silence after Monday's New York Post story speaks volumes. If it isn't quietly shopping itself or jumping to squash the published reports, it may just have to deal with gentlemen callers lining up outside of its Lake Erie porch.
I'll tell you who I would love to see come out on top. You're going to think I'm nuttier than carny-cranked peanut brittle, but I believe that Disney (NYSE: DIS) would be the ideal buyer. I'll give you my reasons, but first let me go over why Cedar Fair's current valuation is likely to scare away many of those suitors who are fumbling for breath mints outside.