Did you ever play Roller Coaster Tycoon or some sequel or iteration thereof? I remember building towers with too much lift and sending people plunging into the water, bratty kids breaking my lampposts, throwing people out for fun to see if they would pay yet again to come back in, selling $10 ice cream on a hot day, and all kinds of other mischief. What I don’t remember, however, is the debt squeeze:
Six Flags’ debt payments continue to weigh down its earnings. Most pressing now is an Aug. 15 deadline in which the company must pay $287.5 million to owners of its Preferred Income Equity Redeemable Shares. That could run to more than $318 million when accrued and unpaid dividends are factored in, according to the company’s annual report filed with the Securities and Exchange Commission.
It’s been trading below $1 for a while, but magically never got delisted. I think that was the only piece of luck it has had recently. They just hired Paul Hastings as bankruptcy counsel, so don’t expect anything good out of there anytime soon, either.
ETA – Worst Six Flags poll:
Jason // Mar 13, 2009 at 10:02 am
Maybe they should have looked into making Six Flags Over Georgia something other than a steaming pile of crap.
Roc // Mar 13, 2009 at 10:15 am
You should have played Theme Park instead. When you go bankrupt in that, they have a sequence where they show some guy in the reflection of a mirrior jump out the window.
Roc // Mar 13, 2009 at 10:18 am
http://www.youtube.com/watch?v=7kvixZ1MuVU
LoLo,ESQ // Mar 13, 2009 at 10:55 am
name something that sucks worse than the six flags park in maryland
i bet you cant
Jason // Mar 13, 2009 at 11:13 am
Six Flags Georgia sucks more than an army of Dysons.
Fartles // Mar 13, 2009 at 11:13 am
name something that sucks worse than the six flags park in maryland
i bet you cant
-six flags in gurnee, IL
alyx // Mar 13, 2009 at 11:15 am
I put up a poll for you guys on which Six Flags sucks the worst.
TonyS // Mar 13, 2009 at 11:26 am
I actually quite like St Louis… but I don’t go there often enough to care if it goes away, so whatever.
LoLo,ESQ // Mar 13, 2009 at 11:28 am
one time i went to six flags in maryland and every ride was closed, and i mean EVERY ride, and they wouldn’t give me my money back.
toshiro_mifune // Mar 13, 2009 at 1:00 pm
Could you add Six Flags, Great Adventure in Jackson, NJ to the poll.
Clearly it has the highest level of suckitude.
Roc // Mar 13, 2009 at 1:01 pm
pfft. No Six Flags: Great Adventure? I thought you guys were from jersey.
alyx // Mar 13, 2009 at 1:04 pm
LOL, I’ve added it for you guys, or at least attempted to do so. Not sure how this polling app tolerates late additions.
Fartles // Mar 13, 2009 at 1:33 pm
LoL. Holy Crap, Gurnee’s in the lead!
toshiro_mifune // Mar 13, 2009 at 3:00 pm
Yay, Great Adventure has been added! NJ sucks!
LOLFed » Six Flags Gets Its Walking Papers // Apr 12, 2009 at 2:35 pm
[...] finally the time is nigh for one of the failstocks to be voted off the island. Who knows how Six Flags managed to stay listed despite having a share price below $1 since, what, September? – but finally, NYSE is rectifying [...]
You Need To Know // Jul 23, 2009 at 6:10 pm
I just returned from six flags in NJ. (07/2009) I will never go there again. I am requesting a refund. My family had the worst experience at this park. People were cutting lines with no way to stop them. This happened on almost every ride. A lot of rides were closed. There is no visible management overseeing the running of the park. One of the gates to a ride nearly crushed my son’s hand as it slammed shut. They promote that you can bring your own food and eat it in a picnic area, however there are only 6 tables in this area to accommodate thousands of guests. We had to eat on the rock covered ground making a sandwich in our hands. The park is so poorly run and has a bad element running through the park with no visible security we the patrons can go to if needed. The people ( teens ) running the rides seemed to want to keep it going fast that safety was sacrificed. We did not feel safe at all. We had a horrible time and left so mad. My son is 12 years old and he wanted to leave the park early. There is nothing like waiting an hour and a half on line to be cut again and again. Also, they are checking for weapons coming into the park, but when you get a stamp and re-enter they do not check. Makes no sense to us. Water was almost 4 dollars a bottle. Food prices were so high as well. They charge almost the same price for fast pass as a regular ticket. Fast pass is nothing like Disney ( free at Disney ). You have to pay extra for some rides. They are having money issues and we the patrons are paying for it. Shame on you six flags it was really a no flags day for us.
Ryan // Sep 19, 2009 at 6:26 pm
all Six Fags amusement parks suck ass. The people who go there are homeless, racist Mexicans and black people. It’s disgusting! Shit Flags has horrible rides, ticket prices, food prices, and scenery. Close every Six Flags down for good!
Josh // Jul 6, 2010 at 3:15 pm
Six flags is Communism on crack