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0.000142857142857077 0.00150375939849621 0.000372180451127753 0 0.00188345864661656 0.00488721804511274 0.00827443609022551 0.0105263157894737
Stock impact report

Cedar Fair Looks Attractive During Its Plunge [Seeking Alpha]

Cedar Fair, L.P. (FUN) 
Last cedar fair, l.p. earnings: 11/6 04:00 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryCedar Fair had started 2020 aiming for record revenue, but the coronavirus outbreak forced park closures.Solid revenue growth has been key for Cedar, and zero revenues now have placed stress on short-term liquidity.At its current cash burn, Cedar has one month to go, but net $190 million in credit and a possible $875 million note offering to offset that.Long-term payment obligations are small until 2023 and beyond, leaving more than enough time for attendance and revenue recovery.Still down over 50% for the YTD period, Cedar Fair (FUNSIXFinancialsSource:2019 10-KRevenues have been steadily increasing, with 2019 having the largest YoY jump, up 9.37%. Net income for the year rose by $46 million, putting EPS back above $3, after 2018 saw a 41.4% decrease in basic EPS. Distributions have also steadily increased, up another $0.115 from 2018. Long-term debt has also grown significantly, up about $488 million, although maturity dates extend 3+ years out.Source: 2019 10-KEBITDA for 201 Show less Read more
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