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Opinions Cameron Hurst
Six Flags EntertainmentSIXWAITJan 08, 2019
Interesting name. Ordinarily you would look at this as an early or mid-cycle, not late-cycle, however employment is so strong right now. You want to see robust consumer spending, jobs growth in the U.S. is fantastic and robust. You want to make sure 2019 is panning out OK before stepping in consumer spending stocks like this one.
Cameron HurstUnknown
$60.22
Stock price when the opinion was issued
$32.00
As of Jul 01, 2024. Market Open.
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Everything has gone wrong. Bad weather, including brutal heatwaves, led to park shutdowns in the summer which hurt seasonal pass sales. SIX depends on lower-income consumers, who are struggling with inflation these days. The new ride, Siren's Curse, their crown jewel broke down many times last summer. The merger with Cedar Fair hasn't boosted attendance, which is -9% year over year in Q2. SIX has delivered brutal quarters. They have a terrible balance sheet, with a 6.3 leverage ratio (3 is high).
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