Medusa42 Posted March 20, 2020 Report Share Posted March 20, 2020 Cedar Fair will not open any parks until at least mid-May. All of their parks issued a statement similar to this one from Cedar Point. Quote Link to comment Share on other sites More sharing options...
The Master Posted March 22, 2020 Report Share Posted March 22, 2020 That is if SHTF doesn't happen. Concerned what the parks may do when they open and other effects after the virus. Quote Link to comment Share on other sites More sharing options...
MarioSonic94 Posted March 22, 2020 Report Share Posted March 22, 2020 At this point, it’ll come as no surprise if they decide to postpone opening to late May/early June. Quote Link to comment Share on other sites More sharing options...
The Master Posted March 23, 2020 Report Share Posted March 23, 2020 Besides a late opening, there likely won't be a return to normal. Instead there will be a new normal and I don't know what that will be. Quote Link to comment Share on other sites More sharing options...
The Master Posted March 23, 2020 Report Share Posted March 23, 2020 (edited) Even if Trump personally cures COVID-19 with his magic ET healing touch, there are still going to be long term complications from the virus impact. We should expect budget cuts from the parks due to lost income from delayed openings such as cuts in shows and operating hours. They will also likely implement new safety and sanitation procedures. Not sure how crowds may be affrected. Residual virus fears may suppress crowds for awhile which may lead to further cuts. Edited March 24, 2020 by The Master 2 Quote Link to comment Share on other sites More sharing options...
fetish911 Posted March 24, 2020 Report Share Posted March 24, 2020 23 hours ago, Six Flags FUN! said: Hopefully President Trump ways to cure all people quicker soon. Maybe doctors will faster way to stop virus by sooner. But doctors could make bunch of drugs to get rid all virus quicker by 2-6 weeks. Is this even English? Wth?! 2 Quote Link to comment Share on other sites More sharing options...
The Master Posted March 24, 2020 Report Share Posted March 24, 2020 Gov Wolf just extended school closures in PA to May 15. This is going to be a lousy Spring this year. Because the nearby NYC region is one of the hardest hit areas, GAdv may open even later than parks in other regions. Quote Link to comment Share on other sites More sharing options...
The Master Posted March 25, 2020 Report Share Posted March 25, 2020 Valley Forge National Historic Park closed down today. More and more places are shuting down, even the Olympics are being postponed to next year. The CoCo Kay indoor water park in Mt Laurel has closed down for good. It really is a bad situation. 1 Quote Link to comment Share on other sites More sharing options...
BuddyChrist Posted March 25, 2020 Report Share Posted March 25, 2020 The stock price has lost 67% of it's value in the last 3 months and was moving lower prior to the coronavirus panic due to soft results for Q4. I don't think a bankruptcy is coming, but most likely there's going to be a cutback in expenses around the parks and in Capital Expenditures, meaning that additions for 2021 will be very small, if any. It seems like the Cedar Fair deal falling through was a blessing in disguise. We can only hope that the government provides enough cash to keep chains afloat and that once the shelter in place orders are lifted, that people come out in record numbers. I know that's what we're hoping will happen in the movie theater industry right now. Quote Link to comment Share on other sites More sharing options...
GAcoaster Posted March 25, 2020 Report Share Posted March 25, 2020 The only potential "upside" of the parks being closed is some may be able to finish the installation of their new attractions in time for the park's re-opening. Quote Link to comment Share on other sites More sharing options...
GAcoaster Posted March 25, 2020 Report Share Posted March 25, 2020 SeaWorld Parks & Entertainment put up a form to write to elected leaders about supporting theme parks, amusement parks, zoos, etc. It only takes a moment to fill out and send it off:https://seaworldentertainment.com/action/coronavirus/ Quote Link to comment Share on other sites More sharing options...
Medusa42 Posted March 30, 2020 Report Share Posted March 30, 2020 https://seekingalpha.com/news/3556190-cedar-fair-and-six-flags-risk-of-dividend-cuts Quote Cedar Fair and Six Flags at risk of dividend cuts Mar. 30, 2020 7:24 AM ET|About: Cedar Fair, L.P. (FUN)|By: Clark Schultz, SA News Editor Wedbush analyst James Hardiman weighs the impact on Cedar Fair (NYSE:FUN) and Six Flags Entertainment (NYSE:SIX) of shutdowns extending into the summer or beyond. "We believe that if the current shut-downs last much longer, the distributions/dividends will be the first to get significantly scaled back. Given where these stocks are trading, this should not come as much of a surprise to investors," he warns. Hardiman also notes that debt covenant breaches will become a major concern. "While all three companies should be fine through 1Q, we believe FUN and subsequently SIX will likely risk covenant breaches if shutdown last too far into June," he notes. Hardiman says FUN and SIX look to be eligible for stimulus loans, but would have to stop dividends/distributions for a year if they signed up. Quote Link to comment Share on other sites More sharing options...
Mr.Six Posted March 30, 2020 Report Share Posted March 30, 2020 Official Statement from Great Adventure: Quote Link to comment Share on other sites More sharing options...
GAcoaster Posted April 1, 2020 Report Share Posted April 1, 2020 Six Flags has enacted a stock plan to try and prevent a takeover: https://www.fool.com/investing/2020/03/31/six-flags-shields-itself-from-takeover-with-a-one.aspx Quote Link to comment Share on other sites More sharing options...
The Master Posted April 3, 2020 Report Share Posted April 3, 2020 5 hours ago, Six Flags FUN! said: Looks like China is getting new virus cases as a second wave. Will USA will do same as China for rest of the year, 2021 and forever? I'm scared about this one. Is USA is not getting a second wave of virus like China for rest of the year? I don't want USA to get another wave soon! I think there will be peaking down virus in America between this month, next month or June so the virus will never hard to America ever again rest of the year. Its the beginning of SHTF, better get ready for living a real life Mad Max / The Walking Dead. Quote Link to comment Share on other sites More sharing options...
Yoshi Posted April 5, 2020 Report Share Posted April 5, 2020 Knott's is extending the expiration date of 2020 season passes (all levels and add ons) to 12/31/2021. I'm hoping that all Cedar Parks will also do that since I have a feeling I won't be getting too much use out of the All Season Fast Lane Plus at Dorney this year because I rarely use it outside of the water park/water rides. https://www.knotts.com/park-update Quote 2020 Season Passes Valid Through December 31, 2021 2020 Season Passes and purchased 2020 Season Pass Add-On Products (if applicable) will be valid for the remainder of 2020 when our parks re-open. Additionally, 2020 Regular, Gold and Platinum Season Passes (as well as purchased 2020 Season Pass Add-On Products) will remain valid through the 2021 Season, ending December 31, 2021.* Quote Link to comment Share on other sites More sharing options...
fetish911 Posted April 6, 2020 Report Share Posted April 6, 2020 5 hours ago, Six Flags FUN! said: Is gonna be second wave of virus happen in October, and is going to be more huge outbreak or less deadly unlike last one? Or is not going to be a second wave of virus after they are disappear in a couple months. Is going to be normal in USA by summertime if virus disappear like SARS? I think all restaurants, stores, etc will be reopen in next month. OMG WTH is with you? You literally post the same question every single day, on all the threads, that NOBODY KNOWS THE ANSWERS TO. There is no crystal ball.... no one knows what the future holds. You need a hobby... 1 1 Quote Link to comment Share on other sites More sharing options...
MarioSonic94 Posted April 7, 2020 Report Share Posted April 7, 2020 (edited) Hate to go all personal, but considering that several people I know got infected (one of whom recently succumbed to it), the last thing on my mind at this time are theme parks in general, let alone Great Adventure. Gotta prioritize in times like this. Edited April 7, 2020 by MarioSonic94 4 Quote Link to comment Share on other sites More sharing options...
Medusa42 Posted April 8, 2020 Report Share Posted April 8, 2020 Six Flags put out a press release detailing the financial measures they are taking. https://investors.sixflags.com/news-and-events/press-releases/2020/04-08-2020-211458352 Quote Link to comment Share on other sites More sharing options...
29yrswithaGApass Posted April 8, 2020 Author Report Share Posted April 8, 2020 Quote deferring or eliminating at least $40-50 million of discretionary capital projects planned for 2020 Looks some projects for 2020 are being cancelled or put on hold this season. Quote Link to comment Share on other sites More sharing options...
29yrswithaGApass Posted April 8, 2020 Author Report Share Posted April 8, 2020 I think Jersey Devil is safe. Quote Link to comment Share on other sites More sharing options...
The Master Posted April 8, 2020 Report Share Posted April 8, 2020 I would not count on it. Quote Link to comment Share on other sites More sharing options...
mugnezz Posted April 9, 2020 Report Share Posted April 9, 2020 On 4/1/2020 at 5:00 PM, GAcoaster said: Six Flags has enacted a stock plan to try and prevent a takeover: https://www.fool.com/investing/2020/03/31/six-flags-shields-itself-from-takeover-with-a-one.aspx https://www.sixflags.com/discoverykingdom/newfor2020 Quote Link to comment Share on other sites More sharing options...
Medusa42 Posted April 9, 2020 Report Share Posted April 9, 2020 I wonder if it is even worth opening Jersey Devil Coaster in 2020 if the park is closed through September. Might be better to open it as the 2021 addition. Quote The company expects to have ample cushion under its debt covenants until at least the fourth quarter of 2020, even if the parks were to remain closed through September. Quote Link to comment Share on other sites More sharing options...
The Master Posted April 9, 2020 Report Share Posted April 9, 2020 If the park can't open until Sept, they may not bother to open at all this year. A lot of the smaller parks will close down for good if the closures last that long, it will be an economic FUBAR. Quote Link to comment Share on other sites More sharing options...
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