SIX - Amusement Park Stocks Have Their Ups and Downs
They say that the market is a roller coaster. If you feel that way, why not invest in a literal roller coaster stock? The next few days will be a great time to take the pulse of amusement park and theme park operators during the telltale summer season. Cedar Fair (NYSE: FUN) reported fresh financials on Wednesday morning. SeaWorld Entertainment (NYSE: SEAS) follows on Thursday. Six Flags Entertainment (NYSE: SIX) shareholders will buckle up for their quarterly thrill ride next week.
The three stocks are also connected by an unrequited love affair. Cedar Fair reportedly shot down a $4 billion offer to be acquired by Six Flags nearly three years ago, and SeaWorld failed to woo Cedar Fair with its $3.4 billion bid earlier this year. Sector consolidation may eventually happen among the leading players, but for now there are some actual fundamentals to consider in sizing up the industry's near-term prospects.
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Amusement Park Stocks Have Their Ups and Downs