Summary: Six Flags Inc. Feb 02
- ID: 1831859
- February 2002
- Standard & Poors
The ratings on Six Flags Inc. reflect the company's increasing geographic and cash flow diversity, relatively stable operating performance, and Standard & Poor's expectation that interest coverage will improve modestly despite management's active acquisition orientation. Six Flags operates 37 theme parks, primarily in the U.S. but also in Europe. Broad geographic diversity helps protect cash flow from unfavorable weather, accidents, and other local factors that can negatively affect the performance of theme parks. Six Flags' parks are generally the largest and most extensive in their regions and benefit from significant barriers to entry for potential competitors. Management has successfully pursued a strategy of acquiring underperforming parks and improving their profitability through aggressive capital spending on new rides and attractions, as...
Companies mentioned in this report are:
- Six Flags Entertainment Corp.
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