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Six Flags' Next ride: $1 a share free-fall

posted 515 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke

Six Flags, Inc. (NYSE:SIX) shares are down 25% in the past 5 days and 65% in the last 6 months.  The Masters believe things are going to get worse before they get better and we expect shares to get even cheaper.  Next stop -- $1 a share. The Wanna-be Disney theme park just reported disappointing Q3 results and after the 'ride-related accident' in late June at the Company's park in Louisville, Kentucky it was clear shares were going to take a dive. Total revenue for the quarter decreased 2% to $465.2 million from $474.2 million in the prior-year quarter. Attendance decreased 0.3 million, or 3%, to 12.0 million from 12.3 million in the prior year. The attendance decrease stems from a difficult July during which attendance dropped 9% compared to the prior year.  That 'accide

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