FUN

Cedar Fair L.P.

Consumer


Presented:11/29/2022
Price:$41.27
Cap:$2.35B
Current Price:$39.19
Cap:$3.93B

Presented

Date11/29/2022
Price$41.27
Market Cap$2.35B
Ent Value$4.37B
P/E Ratio8.82x
Book ValueN/A
Div Yield0.72%
Shares O/S57.04M
Ave Daily Vol326,575
Short Int9.13%

Current

Price$39.19
Market Cap$3.93B
Cedar Fair LP engages in the operation of amusement parks, outdoor and indoor water parks, and hotels. Its amusement parks include Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and Wildwater Kingdom, Valleyfair, Kings Dominion, Worlds of Fun, Knott's Berry Farm, and California's Great America. The company was founded on May 13, 1983 and is headquartered in Sandusky, OH.

Publicly traded companies mentioned herein: Cedar Fair LP (FUN), SeaWorld Entertainment Inc (SEAS), Six Flags Entertainment Corp (SIX), Walt Disney Co/The (DIS)

Highlights

The presenter is long amusement parks operator Cedar Fair (FUN) on expectations for revenue growth and margin expansion. The company operates 17 parks located, for the most part, in smaller markets with little to no major competition, and also owns and operates hotels and waterparks adjacent to many of those properties. The presenter believes the management team is made up of disciplined operators working to improve three key factors: (1) elevating the per customer spend on food/beverage/merchandise, (2) extending the number of days that the parks remain open annually, and (3) general cost-cutting initiatives.

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Idea Discussion

Commentor 1 - 2 weeks ago

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