The year is almost over, and investors will finally see the end of one of the most challenging bear markets in recent memory. Six Flags Entertainment (NYSE: SIX) , down 48% year to date, won't emerge unscathed. Shareholders are worried about the company's massive debt load and constrained liquidity. But some think a real estate spinoff could put these problems in the rearview mirror.
With that said, here's a closer look at what investors might expect from Six Flags' stock heading into 2023.
Six Flags operates a portfolio of 27 parks across North America. It faced substantial challenges at the height of the COVID-19 pandemic because movement restrictions and park closures hindered operations. While business is back to normal, the company is still in a difficult spot.
For further details see:
Could Real Estate Sales Save Six Flags Stock?