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Cedar Fair: An Undervalued, High-Yield Name

Published Fri, 14 Sep 2018 11:52:52 -0400 on Seeking Alpha

"It is amazing how complete is the delusion that beauty is goodness." - Leo Tolstoy, The Kreutzer Sonata
In today's "deep dive" we look at a high-yield name that has had a rough 2018 to date. However, challenges appear to be temporary and one gets paid handsomely while awaiting for a turnaround. Therefore, we have updated research published exclusively to Insider Forum members one month ago.
Company Overview: Cedar Fair, L.P. (FUN) is a Sandusky, Ohio-based regional amusement park operator that was founded in 1983 and went public as a limited partnership in 1987. The partnership, currently valued at ~$3 billion, owns eleven amusement parks, two separately gated outdoor water parks, one indoor water park, and four hotels. It employs ~2,200 on a full-time basis and ~45,000 on a part-time or seasonal basis. Cedar Fair has three sources of revenue: park admissions (~53% of total); food and merchandise (~35%); and lodging (~12%).
The Parks:
The partnership's seasonal amusement parks are generally open during weekends beginning in April or May, and then daily from Memorial Day until Labor Day, after which they are open during weekends in September and, in most cases, October for Halloween events. This schedule makes the Cedar Fair's third quarter its most important.
The company's flagship park, Cedar Point, is located ~100 miles west of Cleveland, Ohio and features 18 roller coaster rides, one year-round hotel/indoor water park, two... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SIX FLAGS ENTERTAINMENT 53.38   17.0 3.15 3.28 6.10


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