Added to YB: 2024-02-26
Pitch date: 2024-02-22
SIX [bullish]
Six Flags Entertainment Corporation
+38.74%
current return
Author Info
No bio for this author
Company Info
As of July 1, 2024, Six Flags Entertainment Corporation was acquired by Cedar Fair, L.P. Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name.
Market Cap
N/A
Pitch Price
$23.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Hotels, Restaurants and Leisure
Category
special_situation
$SIX and $FUN Merger
SIX & FUN merger: Dominant theme park operators with $120M cost synergies, $80M revenue uplift, new season pass. 1:1 FUN units, SIX gets 0.58 NewCo + $1/share. Target 3x leverage, $61 PT for 54% upside ($81 bull case). Risks: DOJ approval, costs, debt, macro. Closing by May '24.
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