(03-12-2020, 01:20 PM)EricL Wrote: With a BB credit rating and 100% debt/cap, I'd be more worried about FUN going bankrupt than cutting its dividend.It's one of my very few spec stocks and discounted for the environment risk at this point IMO. That's where this discussion belongs although they have been a good DGI/income stock. I should have pointed that out. They have considerable real estate (high rent district CA) if they get desperate and need to liquidate something. It's a high capital business for sure. They own/operate about 14 amusement parks including waterparks, five hotels etc. That's the Moat or FUN and SIX would have more competition in the day trip amusement park niche. In all honesty I did think the downside risk was $25 at worst. Who knows where it bottoms in this market? I have a number of stocks with solid balance sheets with scary SPs right now. BTW, ppcian has a popular DGI channel on youtube. He does fairly detailed discussions of his 45 or so holdings and FUN has been raising his eyebrows the last few quarters. Said he isn't buying at this time (It was $50 then). Also says she won't sell it either, but that's easier when your cost basis is sub ten bucks and you already collected that in dividends lol. Thanks for keeping an eye on us Eric.
Amusement parks in this environment?
@divemenow- Way to go buddy. You got us busted by the forum auditor lol.
