Six Flags (SIX) and Cedar Fair (FUN) are set to finalize their merger on Monday, creating an entity valued at around $8 billion. Citi leisure and travel...
) are set to finalize their merger on Monday, creating an entity valued at around $8 billion. Citi leisure and travel analyst James Hardiman joins Wealth! to give insight into the merger and what investors can expect from the new stock, which is expected to go public on July 2.
This is, this is far and away, the biggest deal really the only deal of its kind uh this, this century.Um You know, we, we think that value is created here.The Cedar Fair management team is the steady hand that I think these six Flags assets have needed for so long.Um in addition to sort of bringing together two small cap companies to make them a AAA mid cap company.
So I, I think maybe most notably of that Southern California market, if you live in Los Angeles and you know, you would consider going to either uh six Flags Magic Mountain or Knotsberry Farm, which is a Cedar Fair Park.I think there's an opportunity there to get a season pass where you could get unlimited visits to both for a price that is, is probably gonna be less than a single day visit to, to Disneyland.It's not, you know, in most cases there isn't a ton of overlap.
What, what is the biggest value driver that consumers are really looking for from theme parks, especially in this economy? Um, I think in addition to that it's a, it's a family friendly form of entertainment, uh, it's safe, which was certainly, you know, a big, big uh draw coming out of the pandemic.Um These are assets that aren't ever going to be, you know, at risk from the Amazons and the Googles of the world.
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...NEW YORK — U.S. stocks are drifting Monday after the French market rallied, as elections continue to drive swings in financial markets worldwide.
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