Sunday, September 19, 2004

Some real fun!

One of my earlier takeover/value picks was Six Flags (PKS). I have to admit though that the stock went nowhere, but down - a bad ride and not even wild!
Recently someone else showed interest in this - Redskins owner Dan Snyder. He has taken a close to 10% stake and believes the company is undervalued. About time too!
One more person holding a big stake (~10%) may also start showing more interest now - Bill Gates!
Six Flags' problem has been just bad management. Hopefully, some activism will lead to its real value finally being revealed.

0 Comments:

Post a Comment

<< Home