Six Flags stock has been on a roller coaster the last several years. Going from $3 up to $10 it is back down and hovering around 30 cents today. It’s unfortunate that there is a good possibility that Six Flags will have to declare bankruptcy sometime this year. I am cautiously optimistic though because I think the current management has been turning things around for the company slowly but surely. They had positive cash flow in 2008 despite the tumbling economy. People will be less willing to make trips to disney and instead go to their local Six Flags park. If Six Flags plays their cards right, 2009 could be a great year for them. The only downside is their PIERS stock that will be maturing in 2009 and they probably will not be able to cover the suggested price of $25 / share. I guess we’ll just have to strap in and continue our ride.
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