Everything else goes here, including discussion of parks outside of Carowinds and any off-topic discussion
#87429
Hello. I'm in the process of possible buying stocks and shares in the Amusement Park Industry.

The question(s) are;
Has anyone else done it?
Is it worth the investment?
Is there a turn around?

Any other information would be useful as well.
#87434
I own some amusement park stocks. It's worth it if you buy it low and sell it high. ;)

Right now you're probably about 3 months too late from buying amusement industry stocks at the best price of the year. I like to buy them in mid January after the Q4 results are announced. Since Wall Street doesn't get the amusement industry, amusement park stocks usually hit their lowest point of the year in late Dec to mid January, assuming that the stock market doesn't take a nose dive.

We buy stocks of companies that we have confidence in and at the moment, that includes 3 amusement park companies. Since I am not a day-trader and am looking at the long term, all 3 of those companies pay a quarterly dividend. I then roll those dividends back into the stock, purchasing an equivalent number of shares - that keeps me from having to pay taxes on the dividend.

My brokerage account is linked to my checking account so I can do an electronic transfer at any time. Depending on how I decide to purchase the stock, I usually own it the same day if the stock market is open. I usually choose the 'market order' option, meaning that they will try to buy it as quickly as I place the order at the current market price. It usually comes in within a few cents a share of the price from that exact moment.

Stocks in the amusement industry are fun to watch, especially with the amount of inside knowledge that we come across. Just remember that Wall Street doesn't necessarily react to the same things that we do. All they really care about is the quarterly statements and if a company is making money and has a good EBIDTA.

Hope that helps.
#87461
Not at all Bobbyfoster. I am relatively new to buying stocks as well but ventured into it on the advice of my Father in law.

For reference, if anybody is interested in Six Flags (despite what many of us think about them, they are actually doing rather well on Wall Street), they will be releasing their first quarter 2016 earnings on 4/27. If it comes in lower than Wall Street expects, it might drive their stock prices down for a short period of time.