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Notable Bankruptcies Of 2009: Q3

Mon, 05 Oct 2009 13:01:00 GMT

Notable Bankruptcies Of 2009: Q2

Thu, 02 Jul 2009 16:29:00 GMT

In January I predicted (see Notable Bankruptcies of 2009: Q1) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009. According to Bankruptcydata.com, there have been 156 “major” filings thus far in 2009. Assuming that bankruptcies are equally distributed throughout the year, this puts us on pace for 312 bankruptcies. That is tracking well shy of my prediction. In fact, bankruptcies were down significantly from Q1 to Q2, as there were 90 bankruptcies in the first quarter but only 66 in the second. That stylized fact begs the question: Is that a “green shoot”[More...]

I’m Not Surprised United Airlines Is Broke And Here’s Why You Shouldn’t Either

Fri, 17 Apr 2009 18:42:58 GMT

If you frequent MSN, you’ve probably seen their attention-grabbing headline for 10 Companies That May Go Bankrupt This Year. If you haven’t yet read it, that really doesn’t matter much since it doesn’t offer many surprises. GM (NYSE: GM) made the list - obviously, since the automaker’s potential bankruptcy has made news for months now - as did Blockbuster (NYSE: BBI), which really has little to do with the flagging economy and more to do with progress and a little company called Netflix Inc. (Nasdaq: [More...]

Basis Traders Rooting for Bankruptcies

Thu, 05 Mar 2009 20:28:00 GMT

“Say you’ve lent $100 million to a company and you had bought $100 million in credit-default swaps. In that circumstance, the creditor really doesn’t care whether or not the company goes under.” -Henry Hu Basis traders have been successfully arbitraging bonds and credit defaults swaps. The downside is that the ideal outcome for a basis trader is actual bankruptcy. This is pitting shareholders, bondholders... errr... EVERY OTHER STAKEHOLDER against these basis traders. Interestingly enough, it seems the basis traders have the upper hand in the battle because they can sit and wait, while the other stakeholders cannot. Talk about epic battle to the death. General Electric (GE) for example is clearly caught in the crosshairs of this trade and is just one of many wounded enterprises currently being sniped... (More [More...]

15 Companies that Might Not Survive 2009

Mon, 09 Feb 2009 15:44:00 GMT

I wanted to call your attention to an article in US News and World Reports by Rick Newman that lists 15 Companies that Might Not Survive 2009. To me, it’s a scary list because many of the companies are not obscure, “never heard of them” names, but commonplace businesses, some of which have national reach. For example, I’ve visited a Six Flags (SIX) theme park almost every year growing up. It’s stock now trades at $0.33 and made the list. Rite-Aid (RAD) Pharmacies seem to be in most cities, but the economy has taken their share price down to $0.30 as well. Newman suggests that Blockbuster (BBI), a large video store retailer, might not survive thanks to Netflix and Video-on-Demand services offered through most cable providers. [More...]

Earnings Review – Nov 10 2008

Mon, 10 Nov 2008 12:55:00 GMT

Here’s a look at the earnings review from today’s stocks, a chunk of which are Chinese ADR’s. In the background of the new stimulus program announced by the Chinese government, the Asian markets have seen a much needed rebound.[More...]

Can SIX Survive this Roller Coaster Ride?

Mon, 18 Aug 2008 13:54:00 GMT

Nearly 90-degree drops, gut-wrenching turns, and nerve-wracking thrills - you can find them all at one of America’s favorite theme park giants[More...]

Earnings Reports - Mar 10 2008 7:00PM

Mon, 10 Mar 2008 22:54:39 GMT

Ticker: CSR,XJT,KCAP,BKCC,GOK,DWRI,CMGI,IGTE,SAFT,BX,HOV,AIMC,FL,JSDA,CECE,FACE,MTN,SYKE,LMIA,SIX,IPAR,MDZ,TLP,GAIA[More...]

Six Flags Finds a New Excuse

Mon, 10 Mar 2008 16:24:23 GMT

At least Six flags (SIX) did not blame God for the results like they did in November. Six flags reported a loss after preferred dividends of $132.4 million, or $1.39 per share, compared with a loss of $195.2 million, or $2.07 per share, a year earlier. This would lead folks to think things are getting better. While the reported loss improved over last year, if we look strip out the loss from discontinued operations in 2006, we find the loss from continuing operations in 2007 actually increased to $130.8 million, or $1.43 per share, compared with a loss of $100.5 million, or $1.12 per share a year earlier. So it was actually worse when we take an apple to apples approach.For the full year, loss from continuing operations rose to $244.1 million, or $2.81 per share, from a loss of $207 million[More...]

Six Flags' Next ride: $1 a share free-fall

Tue, 13 Nov 2007 07:02:02 GMT

Six Flags, Inc. (NYSE:SIX) are down 25% in the past 5 days and 65% in the last 6 months. The Masters believe things are going to get worse before they get better and we expect shares to get even cheaper. Next stop -- $1 a share. The Wanna-be Disney theme park just reported disappointing Q3 results and after the 'ride-related accident' in late June at the Company's park in Louisville, Kentucky it was clear shares were going to take a dive. Total revenue for the quarter decreased...[More...]

St. Petersburg Times, Fla., Robert Trigaux Column: Blackstone Group Has Stake in Wide Range of Well-Known Businesses

Thu, 08 Oct 2009 17:08:00 GMT

Oct. 8--Quick quiz: What do these businesses have in common?
The answer: Blackstone Group, which on Wednesday said it will buy Tampa's Busch Gardens and nine other related theme parks, now or in the past has owned or had a stake in every one of them.
The list, which could go on, reflects the range and clout of the Blackstone wallet.

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Bringing Help to People Awash in Destruction

Sat, 26 Sep 2009 18:48:00 GMT

Sep. 26--The blue two-story house looked as if it had been swept from its foundation -- fully intact -- at the will of another power.
"What we thought had happened was that the water had taken the house from one area to another -- there was just no foundation anywhere," says Jake Richmond, who is in the Atlanta area on his first Salvation Army disaster trip.
A corps trainee, Richmond and others from the Piedmont left Wednesday to help in the wake of torrential storms that resulted in the deaths of at least nine people in Georgia and estimates of millions of dollars of property damage in Georgia and Alabama.

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Staycations That Don't Break the Bank

Sun, 21 Jun 2009 09:50:00 GMT

It means more money in the bank, more money in the local economy, and taking advantage of what is in and around Connecticut -- local jewels that often go unnoticed or under-appreciated.
If that's not your idea of relaxation, catch a few rays at one of the local -- and inexpensive-- beaches: Candlewood Lake, Lake Kenosia or Squantz Pond.
n Visit family-owned and -operated ice cream parlors.

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Keep 'Em or Kill 'Em?

Mon, 27 Apr 2009 10:49:00 GMT

Gardeners need to be tough, but when it comes to killing plants, I'm a big softy.
Planted too close to the house and too close to each other, two shrubs suffer in my front yard.
They are right next to the faucet and get abused by the hose as I water other plants in the yard.

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Area Jobless Rate Hits 25-Year High

Thu, 02 Apr 2009 17:00:00 GMT

Apr. 2--The St. Louis region recorded its highest jobless rate in a quarter-century in February as the deep recession tightened its grip.
And while there may be signs that the grip won't get much tighter, experts say, don't expect the job market to loosen up any time soon.
The number of St. Louisans who wanted work but couldn't find it in February jumped by 44,000 from the same month a year ago, to 131,200, according to figures released Tuesday by the Bureau of Labor Statistics.

[More...]

Log on to Social Networking, but Know the Risks

Fri, 27 Mar 2009 15:05:00 GMT

NEWPORT NEWS, Va. _ People will say you've got to use Twitter, an Internet social networking tool that's currently all the rage.
These are the same people _ friends, co-workers, relatives _ who earlier twisted your arm to join other networking platforms such as Facebook, MySpace and Friendster.
Instead, he wants people who decide to try out services like Twitter to appreciate their power _ for both good and bad.

[More...]

Log on to Social Networking, but Know the Risks

Mon, 23 Mar 2009 20:56:00 GMT

NEWPORT NEWS, Va. _ People will say you've got to use Twitter, an Internet social networking tool that's currently all the rage.
These are the same people _ friends, co-workers, relatives _ who earlier twisted your arm to join other networking platforms such as Facebook, MySpace and Friendster.
Instead, he wants people who decide to try out services like Twitter to appreciate their power _ for both good and bad.

[More...]

Bulletins ; - Companies - Mar 12 2009 2:52PM

Thu, 12 Mar 2009 18:47:00 GMT

Six Flags to seek restructuring: Six Flags Inc., the owner of a chain of 20 theme parks, said there is substantial doubt about its ability to continue as a "going concern" unless a successful restructuring occurs.
The New York-based company has $287.5 million of Preferred Income Equity Redeemable Shares, or PIERS, plus accrued and unpaid dividends, due Aug. 15, it said yesterday in a regulatory filing.
Six Flags fell 3 cents, or 14 percent, to 18 cents at 4:35 p.m. in trading after the New York Stock Exchange closed.

[More...]

AME Info, Abu Dhabi, United Arab Emirates, Finance and Economy Briefs - Feb 26 2009 11:05AM

Thu, 26 Feb 2009 15:00:00 GMT

Feb. 26--ABU DHABI: ADX GAINS 1.61 PERCENT: The ADX General Index continued its step-by-step-gains, surging 1.61 percent to 2,376.48 points.
The telecommunications sector in particular posted strong advances (up 6.39 percent).
DSM PLUMMETS BY SIX PERCENT: The Doha Securities Market (DSM) fell below its January lows, declining by 6.02 percent to 4,438.00 points on higher volumes.

[More...]

EDITORIAL: Rails and Roads

Wed, 18 Feb 2009 06:36:00 GMT

Feb. 18--Finally, the legislative train is rolling in Austin toward allowing local voters to decide on new ways to fund new road and rail projects.
Sen. John Carona, R-Dallas, has filed Senate Bill 855, which would allow county commissioners to call elections on local transportation funding plans.
Truitt has said that her bill is not ready, although she joined Carona and a gaggle of other local legislators and officials at a news conference Monday announcing and supporting the plan.

[More...]

Statement Regarding New York Stock Exchange Listing

Thu, 09 Apr 2009 20:07:00 GMT

NEW YORK, April 9 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX) announced today that it has been notified that the Company's common stock and Preferred Income Equity Redeemable Shares ("PIERS") are being suspended from trading on the New York Stock Exchange (the "NYSE") because the Company failed to meet the NYSE's quantitative listing criteria.
The Company expects that its common stock and the PIERS will be traded on the over-the-counter market and quoted on the OTC Bulletin Board upon delisting from the NYSE.
Under applicable NYSE procedures, the Company has ten business days from the receipt of the NYSE's notification of suspension to submit a request for a review of the NYSE's decision to suspend trading of the Company's common stock and the PIERS.

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Six Flags New England Promises More Value...More BIZARRO...More Flags...More Fun

Tue, 07 Apr 2009 12:57:00 GMT

Park Opens April 10-26 for extended Spring Break and 17 days of fun[More...]

Six Flags Great Adventure Kicks Off 35th Season with More Thrills...More BIZARRO...More Flags...More Fun

Thu, 02 Apr 2009 12:57:00 GMT

Dress like Mr. Six on Opening Day April 4, and Get a One-Day Ticket for only $6[More...]

Six Flags Announces the Arrival of 'BIZARRO'

Wed, 01 Apr 2009 12:58:00 GMT

Six Flags announced today that BIZARRO has landed at Six Flags Great Adventure in Jackson, NJ and Six Flags New England in Agawam, MA. After an intense four month multimedia, interactive marketing campaign that generated community engagement across multiple platforms, key thematic elements of the highly-anticipated Medusa and Superman: Ride of Steel coaster transformations were finally unveiled.[More...]

Abandon Interactive Entertainment Partners With Six Flags to Promote Freaky Creatures MMO Game

Thu, 26 Mar 2009 12:57:00 GMT

Freaky Creatures to Swarm Six Flags Theme Parks Nationwide[More...]

Six Flags Great America Brings Summer Early With More Days... More Value... More Flags... More Fun

Wed, 25 Mar 2009 17:18:00 GMT

Park Opens April 3 for the Earliest Opening and Longest Season Ever[More...]

Record Breaking Crowds for Spring Break at Six Flags Over Texas

Tue, 24 Mar 2009 12:57:00 GMT

Six Flags Over Texas, the Entertainment Capital of Texas, and the parent company's flagship park, announced today that Spring Break Out saw its largest one week attendance in the history of the event. The great value and close-to-home entertainment escape proved to be a hit with families and thrill seekers alike over the week of March 14-22.[More...]

Six Flags Promises More Value...More Splashes...More Glow...More Flags...More Fun

Tue, 17 Mar 2009 09:55:00 GMT

Dress like Mr. Six on Opening Day March 28, and Get a One-Day Ticket for only $6[More...]

Grand Opening of Six Flags Rollercoaster Cuts

Wed, 11 Mar 2009 12:56:00 GMT

A UNIQUE CHILDREN'S SALON DEBUTS IN WEST HARTFORD'S BLUE BACK SQUARE[More...]

Six Flags Announces Full-Year and Fourth Quarter 2008 Results

Tue, 10 Mar 2009 12:27:00 GMT

- Full Year 2008 Adjusted EBITDA Increases 45% to a Record $275.3 Million on 5% Revenue Growth and Reduced Costs and Expenses[More...]

Form 4 JENNINGS MARK E For: Jul 01 (10K)

Mon, 06 Jul 2009 17:24:00 GMT

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Form 4 SIX FLAGS, INC. For: Jun 26 Filed by: SCHAR DWIGHT C (10K)

Mon, 30 Jun 2008 20:42:00 GMT

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