« previous next »
Pages: [1]   Go Down

Author Topic: Six Flags Amusement Park Company Declares Bankruptcy  (Read 2668 times)

0 Members and 1 Guest are viewing this topic.

Offline bijou

  • Topic Moderator
  • Hero Member
  • *****
  • Posts: 8937
  • Reputation: +336/-26
Six Flags Amusement Park Company Declares Bankruptcy
« on: June 13, 2009, 02:22:04 PM »


NEW YORK —  The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.

Mark Shapiro, the New York-based company's chief executive officer, says the move won't affect the operation of its 20 theme parks in the U.S., Mexico and Canada.

Six Flags says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But executives are trying to lighten a $2.4 billion debt load that they say is unsustainable. ...

http://www.foxnews.com/story/0,2933,526122,00.html
Logged


Offline The Village Idiot

  • Banned
  • Probationary (Probie)
  • Posts: 54
  • Reputation: +96/-15
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #1 on: June 13, 2009, 02:24:47 PM »
hope it stays open in Arlington for the summer
Logged

Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #2 on: June 13, 2009, 02:42:11 PM »
Quote
are trying to lighten a $2.4 billion debt load that they say is unsustainable.

When was it decided the debt load was unsustainable?  Before or after the debt was incurred?  Debt is not an air born virus.  It's like AIDS.  Debt is avoidable and its causes are known.
Logged

Offline The Village Idiot

  • Banned
  • Probationary (Probie)
  • Posts: 54
  • Reputation: +96/-15
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #3 on: June 13, 2009, 03:22:00 PM »
Quote from: Lord Undies on June 13, 2009, 02:42:11 PM
When was it decided the debt load was unsustainable?  Before or after the debt was incurred?  Debt is not an air born virus.  It's like AIDS.  Debt is avoidable and its causes are known.

here is an idea sell or shut down the parks losing money
Logged

Offline The Village Idiot

  • Banned
  • Probationary (Probie)
  • Posts: 54
  • Reputation: +96/-15
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #4 on: June 13, 2009, 03:24:39 PM »
Quote from: Lord Undies on June 13, 2009, 02:42:11 PM
When was it decided the debt load was unsustainable?  Before or after the debt was incurred?  Debt is not an air born virus.  It's like AIDS.  Debt is avoidable and its causes are known.

25 million visitors last year and $2.4 billion in debt.... so if each customer spent an extra $100, they could pay off their debt? just raise prices by $100 a person... the liberal solution
Logged

Offline BlueStateSaint

  • Here I come to save the day, because I'm a
  • Hero Member
  • *****
  • Posts: 32553
  • Reputation: +1560/-191
  • RIP FDNY Lt. Rich Nappi d. 4/16/12
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #5 on: June 13, 2009, 04:52:47 PM »
There's a Six Flags-owned park maybe 40 miles from me.  The Great Escape.  I remember going there when I was a senior in high school . . . it was fun.  I can't see Great Escape going under, though.  The original owners of the park would never let that happen.
Logged
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline JohnnyReb

  • In Memoriam
  • Hero Member
  • *****
  • Posts: 32063
  • Reputation: +1997/-134
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #6 on: June 13, 2009, 04:56:37 PM »
Quote from: FGL on June 13, 2009, 03:24:39 PM
25 million visitors last year and $2.4 billion in debt.... so if each customer spent an extra $100, they could pay off their debt? just raise prices by $100 a person... the liberal solution

$200.....you forgot how liberals manage money.
Logged
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #7 on: June 13, 2009, 05:37:49 PM »
Quote from: BlueStateSaint on June 13, 2009, 04:52:47 PM
There's a Six Flags-owned park maybe 40 miles from me.  The Great Escape.  I remember going there when I was a senior in high school . . . it was fun.  I can't see Great Escape going under, though.  The original owners of the park would never let that happen.

Six Flags Over Texas, the King of Six Flags parks, will celebrate its 50th year next summer.  That fact amazes me.  I was 6 years old when it opened. 

I was a weird kid and even weirder teenage boy.  I did not (do not) like rides.  A ticket to Six Flags was wasted on me. 

I took a girl to Six Flags Over Texas way back when.  It was our first and last date.  I rode the Log Ride!  That should have counted for something.
Logged

Offline BlueStateSaint

  • Here I come to save the day, because I'm a
  • Hero Member
  • *****
  • Posts: 32553
  • Reputation: +1560/-191
  • RIP FDNY Lt. Rich Nappi d. 4/16/12
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #8 on: June 13, 2009, 06:00:25 PM »
Quote from: Lord Undies on June 13, 2009, 05:37:49 PM
Six Flags Over Texas, the King of Six Flags parks, will celebrate its 50th year next summer.  That fact amazes me.  I was 6 years old when it opened. 

I was a weird kid and even weirder teenage boy.  I did not (do not) like rides.  A ticket to Six Flags was wasted on me. 

I took a girl to Six Flags Over Texas way back when.  It was our first and last date.  I rode the Log Ride!  That should have counted for something.

I actually like thrill rides.  Don't know why, as they probably set my life expectancy back half a year each or something, but I like them.
Logged
"Timid men prefer the calm of despotism to the tempestuous sea of Liberty." - Thomas Jefferson

"All you have to do is look straight and see the road, and when you see it, don't sit looking at it - walk!" -Ayn Rand
 
"Those that trust God with their safety must yet use proper means for their safety, otherwise they tempt Him, and do not trust Him.  God will provide, but so must we also." - Matthew Henry, Commentary on 2 Chronicles 32, from Matthew Henry's Commentary on the Whole Bible

"These anti-gun fools are more dangerous to liberty than street criminals or foreign spies."--Theodore Haas, Dachau Survivor

Chase her.
Chase her even when she's yours.
That's the only way you'll be assured to never lose her.

Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #9 on: June 13, 2009, 06:20:55 PM »
Quote from: BlueStateSaint on June 13, 2009, 06:00:25 PM
I actually like thrill rides.  Don't know why, as they probably set my life expectancy back half a year each or something, but I like them.

A clear majority of folks love rides.  I think that's great.  If rides are fun for you or anyone, go for it.  I...just found them...pointless for me and me alone.  I don't enjoy them.  I'm not scared of them.  I didn't even like the kiddy rides as a toddler.  I know what I thought, too.  "What's the point?".  I wasn't impressed by going in a circle.

Seriously, my wife loves them.  My kids love them.  My 5-year-old Little Angel was ready to fight because she wasn't tall enough to "ride this ride".  People, really smart and good people, like rides.  I don't. 

That's just the way it is.  I'm different.  It ain't everybody else. 

Side note:  I was going to go sky diving back in 1996.  I went through the course and was set.  Then my degenerative hip thing got mentioned in passing by my well-meaning friend.  I was grounded immediately.  But I was going to jump.  It wouldn't be going round-n-round.  Looking back, I probably would have been seriously injured or died.

Side note 2:  I went that day with four longtime friends.  Two of them jumped but said they would never do it again.  One was injured.  And the other one went four more times that I know of.  He was a former Marine.
Logged

Offline seabelle

  • Sr. Member
  • ****
  • Posts: 752
  • Reputation: +43/-7
  • "she walked into the cave...she was not afraid"
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #10 on: June 13, 2009, 06:21:42 PM »
Busch Gardens is WAY too expensive and may be next if they don't cut some slack in their admission.  I took my son's family (5 of us) last summer and the admission alone was almost $450.  Not including parking, food and drink ($5 waters) on a hot, humid day.  We're roller coaster fans, but the twins were an inch too short to ride the BIG ONES.  Bummer for them  :bawl:  Here's my favorite ride:

[youtube=425,350]http://www.youtube.com/watch?v=TPtS_TASafA[/youtube]

Logged

Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #11 on: June 13, 2009, 06:31:39 PM »
Quote from: seabelle on June 13, 2009, 06:21:42 PM
Busch Gardens is WAY too expensive and may be next if they don't cut some slack in their admission.  I took my son's family (5 of us) last summer and the admission alone was almost $450.  Not including parking, food and drink ($5 waters) on a hot, humid day.  We're roller coaster fans, but the twins were an inch too short to ride the BIG ONES.  Bummer for them  :bawl:  Here's my favorite ride:


In comparison, last Monday I took my wife and my Little Angel, her dad, and his lady to Red Robin for lunch.  The check was $70.00.  We were there about 45 minutes and all I got was escapable gas.

Out-of-the-house "fun" is expensive.   
Logged

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #12 on: June 13, 2009, 06:38:31 PM »
Quote from: Lord Undies on June 13, 2009, 02:42:11 PM
When was it decided the debt load was unsustainable?  Before or after the debt was incurred?  Debt is not an air born virus.  It's like AIDS.  Debt is avoidable and its causes are known.

I wish I could give you a Hi-5 for that, my Lord.
Logged
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #13 on: June 13, 2009, 07:18:59 PM »
Quote from: DefiantSix on June 13, 2009, 06:38:31 PM
I wish I could give you a Hi-5 for that, my Lord.

Ain't that awful?  I am very disgusted we can't do that anymore.  Some tight asses have upset me no end. 
Logged

Offline Ptarmigan

  • Bunny Slayer
  • Hero Member
  • *****
  • Posts: 23821
  • Reputation: +956/-226
  • God Hates Bunnies
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #14 on: June 13, 2009, 08:20:23 PM »
This is what they get for having Bugs Bunny running the place.  :evillaugh: Bugs Bunny, you are to report to Hell tonight.
Logged
Never interrupt your enemy when he is making a mistake.
-Napoleon Bonaparte

Allow enemies their space to hate; they will destroy themselves in the process.
-Lisa Du

Offline NHSparky

  • Hero Member
  • *****
  • Posts: 24431
  • Reputation: +1278/-617
  • Where are you going? I was gonna make espresso!
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #15 on: June 13, 2009, 08:35:35 PM »
Hmmmm...maybe if some of them didn't have such a horrible reputation, aka, "Six Stabs"...
Logged
“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline DULurkster

  • Just Off Probation
  • *
  • Posts: 109
  • Reputation: +5/-1
  • Call DULurkster bad names... he hates that.
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #16 on: June 13, 2009, 11:07:47 PM »
Quote from: FGL on June 13, 2009, 03:24:39 PM
25 million visitors last year and $2.4 billion in debt.... so if each customer spent an extra $100, they could pay off their debt? just raise prices by $100 a person... the liberal solution
:cheersmate:
Logged
"...a little rebellion now and then is a good thing. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."
--Thomas Jefferson

"Sell not virtue to purchase wealth, nor Liberty to purchase power."
-- Benjamin Franklin

What you don't know won't hurt you. It'll kill you. -- Maj. Gen. Gerald Prather (U.S.A.F., retired)

Offline RobJohnson

  • Hero Member
  • *****
  • Posts: 8876
  • Reputation: +332/-109
Re: Six Flags Amusement Park Company Declares Bankruptcy
« Reply #17 on: June 14, 2009, 12:00:58 AM »
Quote from: Lord Undies on June 13, 2009, 06:31:39 PM


Out-of-the-house "fun" is expensive.   

Yes it is.

Logged
Pages: [1]   Go Up
« previous next »