Six Flags (NYSE:SIX), the company that faced possible bankruptcy a few weeks ago appears to be ready to climb out of its hole. The stock price has doubled in the last 2 weeks and continues to climb in early trading today. This is a positive sign from investors that they believe in the company and that the company has a strong future.
Already signs from Six Flags parks in the south have been positive through the first few weeks of operation. Reports show that parks are consistently crowded (at least on the weekends) and Six Flags Over Texas had the best spring break week that they have ever had. Across the board the company seems to be setting company records in attendance and profit.
Six Flags is a company to stick with. They plan to turn their current debt (stocks and bonds) into equity in the company, and this company is set to make huge profits in the coming years. With the economy the way it is, families will especially need a place they can go with their kids to relax on the cheap. Six Flags has positioned itself to be the best bang for your buck theme park all across the United States. The new management has been a great success and I for one look forward to the rest of this year as a stock holder and a coaster enthusiast.
