Snyders SIx Flags "sinking fast"

[dgack]

Originally Posted by bedlamVR

I just dont get why some people want to see successful people fail ?

It's the American Way. The only thing we love more than a rags-to-riches story is a tragic fall from grace.

[SKINSnCANES]

this reminds me how pissed off I am that the cryboys are worth more money than us now because of their new stadium...

He could tear down a six flags and use that land to build us a new stadium, hell keep the rollercoasters for tailgaters!

[skinsfan69]

Originally Posted by jrtmolar

Redskins owner Dan Snyder had a little better year on the football field than as a businessman.



According to SEC filings, Snyder and his Red Zone hedge fund have poured some $50 million into his purchase of amusement-park operator Six Flags. Two years ago, when Snyder began building his stake in the company, it traded near $12 a share. In mid-November, after the company missed Wall Street expectations, the stock dropped to $1.91 and has mostly stayed there.

Securities lawyers say that a share price that low creates a perilous situation for Snyder. MarketWatch, among other business media, speculated that the company is “distressed” and listed it among those that may have to file for bankruptcy in 2008.

Should the stock price drop below $1, the stock exchange might be compelled by rule to delist it—which would affect its credit agreements and might send its other investors, such as Bill Gates’s Cascade Investment, running for the exits.

If Six Flags doesn’t begin to recover on its own, Snyder would have to support the stock aggressively. A reverse stock split is one possibility. Or Snyder and his allies, including McLean-based homebuilder Dwight Schar, a Six Flags director, may have to buy all the shares held by the public and take the company private, say attorneys familiar with Snyder’s situation.

Says one lawyer, “He can’t tolerate the price of Six Flags stock being this low for very long. Don’t expect to see the Redskins spending a lot of money.”

Some investors are wondering if the kind of change that turned around the Redskins season—the injury to quarterback Jason Campbell that allowed Todd Collins to shine—might revive the theme-park operator. But the Redskins owner has given no indication that Mark Shapiro, who as CEO gets some of the blame for Six Flags’ problems, would be the latest Snyder employee to get axed.


Maybe its a blessing??/????

This doesn't surprise me at all. He's got a guy who worked for ESPN running Six Flags?? No wonder the roller coasters are stopping while they are upside down.

[SmootSmack]

Originally Posted by skinsfan69

This doesn't surprise me at all. He's got a guy who worked for ESPN running Six Flags?? No wonder the roller coasters are stopping while they are upside down.

What's that supposed to mean?

[SKINSnCANES]

Originally Posted by skinsfan69

This doesn't surprise me at all. He's got a guy who worked for ESPN running Six Flags?? No wonder the roller coasters are stopping while they are upside down.

so you just gave me a great idea, can you imagine if chris berman was the voice on the roller coasters that made all the announcements, then as you went into turns of loops he made all his little sound effects

[SmootSmack]

Ugh, those sound affects of his annoy the crap out of me

[SKINSnCANES]

Originally Posted by SmootSmack

Ugh, those sound affects of his annoy the crap out of me

yea? I love when someone makes a move and he does his "whhoooop"

[firstdown]

Maybe I should dig up one of those stories about how Snyder had a business fail when he was in college so I can try and pile on.

[skinsfan69]

Originally Posted by SmootSmack

What's that supposed to mean?

There is a Six Flags in the DC area and I think it was over the summer when this happened. While one of the rollercoasters was on the track with passengers it stopped while it was in a loop and the roller coaster was upside down. The people were stuck upside down for something like two hours. They were 60-70 feet in the air and stuck upside down. Very very scary situation. I believe the fire department was called and they handled it. It was all over the news down here and the people thought they were going to die. Total mess just like what's going on now.

[birdz4gibbs]

Originally Posted by SKINSnCANES

so you just gave me a great idea, can you imagine if chris berman was the voice on the roller coasters that made all the announcements, then as you went into turns of loops he made all his little sound effects

back,back,back,back,back gone. then his bullrush sound effects start kicking in then tom jackson says where is he from lousville

[SmootSmack]

Originally Posted by skinsfan69

There is a Six Flags in the DC area and I think it was over the summer when this happened. While one of the rollercoasters was on the track with passengers it stopped while it was in a loop and the roller coaster was upside down. The people were stuck upside down for something like two hours. They were 60-70 feet in the air and stuck upside down. Very very scary situation. I believe the fire department was called and they handled it. It was all over the news down here and the people thought they were going to die. Total mess just like what's going on now.

Not that. What's with the swipe at the guy being from ESPN. No one at ESPN is capable of running a business?

[skinsfan69]

Originally Posted by SmootSmack

Not that. What's with the swipe at the guy being from ESPN. No one at ESPN is capable of running a business?

Mark S. is the CEO of Six Flags and had no experience running theme parks. None what so ever. I'm not saying he can't run a business. But there have been horror stories about Six Flags since Mark S. took over. Bad security, expensive food, the roller coaster ordeal to name a few.

[SmootSmack]

Originally Posted by skinsfan69

Mark S. is the CEO of Six Flags and had no experience running theme parks. None what so ever. I'm not saying he can't run a business. But there have been horror stories about Six Flags since Mark S. took over. Bad security, expensive food, the roller coaster ordeal to name a few.

I'm aware of who runs Six Flags. But I think you're missing my point. Whatever, let's just drop it. Moving on

[DCUNITEDFAN]

I worked at Snyder Communication back in the mid 90's. Every thing was #'s for the company. I was the only employee there working part time, as part time wasn't allowed. My weekly goals were no different then full time employees, make 20 sales in 10 business days. Easily done.

While Sales individuals were fired and hired almost every week, this philosophy can't be used to run a sports team. THere has to be unity, and team spirit. Snyder COmmunication did little to raise team spirits, just intimidation by management.

Snyder must go.

[Slingin Sammy 33]

Originally Posted by SmootSmack

I'm aware of who runs Six Flags. But I think you're missing my point. Whatever, let's just drop it. Moving on

Those guys from ESPN....I hate those guys

I think the coaching search has everyone on edge.