SIX - With Recession (Possibly) on the Horizon Can Six Flags Survive?
According to a recent Bloomberg study, 30% of surveyed economists believe the U.S. economy will enter a recession in the next 12 months. And the prospect of the Federal Reserve increasing interest rates to fight inflation is another challenge for debt-heavy businesses like Six Flags Entertainment (NYSE: SIX) .
Let's explore why the bear market may be just beginning for this iconic amusement park operator.
Six Flags is a regional theme park operator with a portfolio of 27 parks located across North America. Like most in-person entertainment businesses, the coronavirus pandemic was a massive challenge, keeping its parks shuttered for much of 2020 and 2021.
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With Recession (Possibly) on the Horizon, Can Six Flags Survive?