Browsing the net, I found a rather interesting bit of info on
Screamscape.

Apparently, Daniel Snyder is going to sell off his SF shares. And, on
his way out the door, he wrote a scathing letter about the Six Flags
company. Here is a snippet of the letter:

“Continued to bet the future of the company on its misplaced
capital expenditure plan, an overly expensive advertising campaign and
a flawed guest service enhancement program.”
“the non-management directors are continuing to protect an
underperforming management team and encouraging the status quo at the
very time when strong and decisive leadership is necessary to reverse
the negative trend at Six Flags.”
“Blaming the company's poor performance on the weather and the
economy cannot last forever.”
“In light of what we believe will be a disappointing future for the
Company, we have determined that continued investment in the Company
is not in our best interest and that our capital and other resources
should be allocated to more promising investments, especially those
that have a board and management team that truly understands what it
means to be responsive to shareholder concerns.”

I would love to see the entire letter.

-kip-

From:	steelforce at aol.come2Mypark (Sam Marks)
Subject:	Re: Snyder gets the hell outta SF Land
Date:	18 Jan 2005 19:45:15 GMT

>we have determined that continued investment in the Company
>is not in our best interest and that our capital and other resources
>should be allocated to more promising investments, especially those
>that have a board and management team that truly understands what it
>means to be responsive to shareholder concerns.â€
>
GORSH!

He says nothing about the 4 million dollars they pocketed.

After all this time with no real progress, I was beginning to figure he'd
collect the profit and jump ship.

I was hoping he'd push some change.....

oh well

NEXT!

From:	Mike Kallay
Subject:	Re: Snyder gets the hell outta SF Land
Date:	Tue, 18 Jan 2005 15:17:56 -0800

In article <20050118144515.13250.00000134@mb-m27.aol.com>,
steelforce@aol.come2Mypark says...
> He says nothing about the 4 million dollars they pocketed.

I don't know what kind of math you're using, but he bought at $5.50 and
today's price is $4.93. That's a loss of almost $5 million dollars in 4
months, or ~ 10% loss on investment.

Fun with math:

He'll lose $4.8 million on his sale of Six Flags stock for the 4 months
he's owned it. How does it stack up versus owning the other major park
companies for the same period?

His initial investment: $44,825,000 (8.15 million shares of PKS)

Cedar Fair (FUN)
$32.08 now vs. then $30
$44,825,000/$30 = 1,494,167 shares
1,494,167 shares * $2.08 profit/share = +$3,107,867

That is, he would have profited $3.1 million dollars in that same four
months by holding Cedar Fair L.P. shares, or a 7% profit.

Walt Disney Company (DIS)
$28.74 now vs. then $22.50
$44,825,000/$22.50 = 1,992,222 shares
1,992,222 shares * $6.24 profit/share = +$12,431,465

That is, he would have profited $12.4 million dollars holding Disney
stock, or a 28% profit.

Wait until he stock sales goes through. Then, you'll see the stock
plummet.

I wonder if he's not going to sell at all, rather, he's using the SEC
filing to light a proverbial fire...

--

mike kallay
free coaster pr0n at www.ghostrider.org
kallay@ghostrider.org

From:	hogfat
Subject:	Re: Snyder gets the hell outta SF Land
Date:	Wed, 19 Jan 2005 02:24:56 GMT

"Mike Kallay" said:

> I don't know what kind of math you're using, but he bought at $5.50 and
> today's price is $4.93. That's a loss of almost $5 million dollars in 4
> months, or ~ 10% loss on investment.

That's great, but where do you get the idea that he bought at $5.50?
http://www.findprofit.com/archive/5328.html

From:	Shawn Mamros
Subject:	Re: Snyder gets the hell outta SF Land
Date:	18 Jan 2005 19:45:28 GMT

Kip Ross wrote:
>Browsing the net, I found a rather interesting bit of info on
>Screamscape.

Did they cite any source(s)? Snyder's holdings are significant enough
that their sale would have to be reported beforehand to the SEC, and
I don't see any headlines to that effect yet. This could be a hoax...

-Shawn Mamros
E-mail to: mamros -at- mit dot edu

From:	Shawn Mamros
Subject:	Re: Snyder gets the hell outta SF Land
Date:	18 Jan 2005 20:28:32 GMT

I asked:
>Did they cite any source(s)? [...]

There's an Amusement Business article to that effect, dated Jan. 14
(available to everyone via amusementbusiness.com; click on "industry news").

Here's a link to the SEC filing itself, which includes the complete text
of the letter. Apologies for the line wrap...

http://sec.gov/Archives/edgar/data/1301723/000091412105000119/re704458-13da_2.txt

-Shawn Mamros (yow...)
E-mail to: mamros -at- mit dot edu

From:	Paul Drabek
Subject:	Re: Snyder gets the hell outta SF Land
Date:	Tue, 18 Jan 2005 19:32:50 -0600

On Tue, 18 Jan 2005 13:58:06 -0500, Kip Ross
wrote:
Hey all,

I found this bit interesting:

"In light of what we believe will be a disappointing future for the
Company, we have determined that continued investment in the Company
is not in our best interest and that our capital and other resources
should be allocated to more promising investments, especially those
that have a board and management team that truly understands what it
means to be responsive to shareholder concerns."

If Six Flags Board isn't careful they might end up with a shareholder
revolt on their hands since it is their job to be responsive to the
shareholders rather than management.

So shall we start a betting pool on how long Six Flags has until
finally impoding? My money is on 3 years 5 months and 6 days from
now.

Have Fun

Paul "Maybe CF will but them out for pennies on the dollar" Drabek

Raven_Rider@Negative-g.com
Negative-g: www.Negative-g.com
Read My Blog "It's All Downhill From Here" at www.negative-g.com/downhill/

Proud Poster On Rec,Roller-Coaster Since September 27, 1996

From:	steelforce at aol.come2Mypark (Sam Marks)
Subject:	Re: Snyder gets the hell outta SF Land
Date:	20 Jan 2005 01:30:44 GMT

>I found this bit interesting:
>
>"In light of what we believe will be a disappointing future for the
>Company, we have determined that continued investment in the Company
>is not in our best interest and that our capital and other resources
>should be allocated to more promising investments, especially those
>that have a board and management team that truly understands what it
>means to be responsive to shareholder concerns."
>
>If Six Flags Board isn't careful they might end up with a shareholder
>revolt on their hands since it is their job to be responsive to the
>shareholders rather than management.
>
>So shall we start a betting pool on how long Six Flags has until
>finally impoding? My money is on 3 years 5 months and 6 days from
>now.

How responsive would you be to a stock holder that JUST bought up 8% of your
company and IMMEDIATELY began pushing you around? ..... I think I'd dismiss
them

However the points in his adios letter should be taken to heart.

From:	Rastus O'Ginga
Subject:	Re: Snyder gets the hell outta SF Land
Date:	Wed, 19 Jan 2005 19:45:03 -0600

On 20 Jan 2005 01:30:44 GMT, steelforce@aol.come2Mypark (Sam Marks)
wrote:

>How responsive would you be to a stock holder that JUST bought up 8% of your
>company and IMMEDIATELY began pushing you around? ..... I think I'd dismiss
>them
>
>However the points in his adios letter should be taken to heart.

It's just another theme park company controlled by a board that is all
friends of the management, and they are all just throwing millions of
dollars at each other. Fuckers like that are destroying plenty of
companies in the country right now.

Damn near anyone in this newsgroup could run SF better than current
management.

I'd gladly do it for one tenth of whatever the current CEO is getting
paid.

Rastus O'Ginga

Winner of the 2nd Annual C. Montgomery Burns Award for
Outstanding Achievement in the Field of Excellence.

"What an awful dream, 1s and 0s everywhere... I thought I saw a 2." - Bender

ANTI-BED-WETTING-LIBELRAL DISCLAIMER:
The content of this post, and all previous posts made by this user, is 100%
opinion. Any similarity between this post and the truth is purely
coincidental. Anyone who reads this post and draws conclusions about it is
doing so by their choice. How they use those conclusions to direct their
own lives and opinions from that point forward is absolutely a result of
their own cognitive abilities and is in no way related or legally binded to
this poster. NO individual, business entity, or legal authority should use
the content of this post, or any other post by the originator, in whole, or
in part, to assist in making a decision that could affect the lives of any
of the inhabitants of planet Earth, since the content may not be true.

From:	Bartender Sam
Subject:	Re: Snyder gets the hell outta SF Land
Date:	Thu, 20 Jan 2005 06:32:49 GMT

"Rastus O'Ginga" wrote in message
news:053uu019ecltcr538dvlhk96ksne1if69s@4ax.com...

>
> It's just another theme park company controlled by a board that is all
> friends of the management, and they are all just throwing millions of
> dollars at each other. Fuckers like that are destroying plenty of
> companies in the country right now.
>
> Damn near anyone in this newsgroup could run SF better than current
> management.
>
> I'd gladly do it for one tenth of whatever the current CEO is getting
> paid.

Whats amazing and what no one seems to get that... "It's the rides stupid,
but it is also the theming, security, and food." Thats the hallmark of all
great Theme Parks. I would love to know what the Six Flags head people are
drinking because I could use it Saturday night.

---
Yet another satisfied customer of Bartender Sam!