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Cedar Fair, L.P. Message Board

reeshau 4 posts  |  Last Activity: May 8, 2015 2:10 PM Member since: Oct 22, 2004
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  • reeshau reeshau May 8, 2015 2:10 PM Flag

    Actually, if you really believe this is a strong buy, this would be good news for you--you can buy more at a better price. I did also notice it, though, and it's a shame for anyone depending solely on them for information.

    Sentiment: Strong Buy

  • Reply to

    Buyers?

    by richamiru Apr 7, 2015 2:51 PM
    reeshau reeshau Apr 29, 2015 1:56 PM Flag

    In the long run, this planet needs to use its water much more efficiently. That is true whether you live in California, China, or Africa. That is a very large addressable market. It may take some years for this truth to be accepted, much less put into practice; in the meantime, people will talk about commodity prices or weather damage for a particular year, or think a cold winter is proof that the climate is not warming. That's OK, as I won't retire for a while, so I can bide my time.

    If you work in the industry, and think someone else is addressing this better, I would love to hear about it.

    Sentiment: Buy

  • reeshau reeshau Apr 17, 2015 2:31 PM Flag

    The price is not a huge bargain. But, if PNRA continues to grow units ~ 10% and Panera 2.0 can bring in mid-teens comps like it has in pilot areas, then it is also not outrageous.

  • Reply to

    Total Hogwash.

    by happyperson_1 Apr 16, 2015 9:10 AM
    reeshau reeshau Apr 16, 2015 10:23 AM Flag

    I don't know that talking to yourself is such a good sign, either.

    While this is not a sustainable method, what is the problem? PNRA has very low leverage currently: $100M on $4.3B market cap. With another $500M, they will have less than 15% debt-to-equity. That's pretty low. It is a change for the company, but if they can support that debt level, it is a fine way to execute more than you can otherwise afford.

    By contrast, a standard mortgage is 400% debt-to-equity. (assuming they put 20% down)

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