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He cut his recommendation on the stock to neutral from buy.Six Flags shares were down 19% last year, while peer SeaWorld Entertainment Inc. rose 44%.To contact the reporter on this story: John J. Edwards III in Boston at jedwardsiii1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Cécile DauratBreonna Taylor: Activists demanding justice for Breonna Taylor protested on Kentucky Derby DayThese restaurant chains are unveiling new designs inspired by the pandemic The Grand Prairie, Texas-based company said attendance at its North American parks fell “due to softer than expected season pass and membership sales, primarily during the holiday sales periods.” That probably reduced fourth-quarter revenue by $8 million to $10 million compared with the year-earlier period, Six Flags said.“While we believe Six Flags’ new CEO Michael Spanos could mitigate challenges it’s facing in China given his business experience and familiarity with the region, the default of its partner, Riverside, adds complexity. China's first Six Flags water park is set to be located in Jiaxing, East China's Zhejiang province, and will be a joint venture between the US company and partner Riverside Investment Group, … More specifics on the matter will be provided during the fourth-quarter earnings call, but there will be a $1 million reduction in revenue and about $10 million in one-time charges related to the default during the last quarter of the year.

The theme park operator has been working with Chinese developer Riverside Investment Group for the last few years and was slated to open a couple new roller coaster attractions in 2020. Disfruta de excelentes descuentos a grupos y relájate con un rico paquete de alimentos en nuestra área privada. Returns as of 09/06/2020. We’re optimistic about the company’s tiered-membership strategy, but expect the new chief to eliminate its unrealistic target of achieving $750 million in Ebitda by 2021.”The China and North America warnings are “clear indicators that trends in the core business continue to deteriorate. Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. The first phase of the multi-million dollar entertainment complex is expected to open in 2021. Six Flags Entertainment Corporation, más conocida como Six Flags, es la cadena más grande a nivel mundial de parques de atracciones y temáticos, fue fundada en Texas en el año 1961 y actualmente tiene su sede en Nueva York. See you at the top! Competition might be hurting results as All told, that is creating some wild moves in the stock, not exactly the type of roller coaster ride Stock Advisor launched in February of 2002. The parks will be located in Nanjing, capital of Jiangsu province and the second largest city in the East China region. In the same SEC filing, Six Flags said fourth-quarter revenue will be $8 to $10 million lower than a year ago, primarily due to lower season pass and membership sales during the holiday period. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Just a few weeks after I called it a compelling dividend stock, More details will be forthcoming, but suddenly Six Flags' dividend doesn't look as solid as it was before.The first of the problems has to do with Six Flags' parks in development in the world's most populous country. Personal Finance Six Flags offers a wide range of attractions that are appropriate for kids and adults of all ages. Retirement Investing Basics Six Flags Nanjing will offer guests a full range of world-class experiences with a theme park, waterpark, and an adventure park. However, that dividend payment costs the company about $280 million each year, (assuming a share count of 84.5 million and annual dividend per share of $3.32) and the company's adjusted free cash flow (which the company calculates by adding back interest and tax payments) is only running at $269 million over the last year. Six Flags Plunges to Five-Year Low on Warning Over China ParksShow full articles without "Continue Reading" button for {0} hours. In July 1949, a contest was announced for a national flag for the newly founded People's Republic of China (PRC). He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog. Six Flags Entertainment Corporation has filed a statement saying the development of the Six Flags-branded theme parks in China has encountered continued challenges and has not progressed as expected.

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