This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer Quick Take: Six Flags a Buy, But Maybe Later

NEW YORK ( TheStreet) -- It hasn't been a good Monday morning for Six Flags (SIX - Get Report). Breaking down what to make of it are TheStreet's Jim Cramer and "Mad Money" Research Director Nicole Urken.

As if a top- and bottom-line earnings miss wasn't going to put enough downward pressure on the stock, the tragic report of a roller coaster death isn't helping matters.

But has the pullback created a buying opportunity? Perhaps not yet, Cramer says. He said that it's usually best to give the stock a few days to react to the news and allow investors to get a better feel for what's really happening.

While the early summer weather did slow down theme park operators, Cramer said he expects there to be a strong finish to summer. Rather than Six Flags, though, he's advocating that investors buy Cedar Fair (FUN - Get Report) instead.

The company just reaffirmed its fiscal year guidance, suggesting that revenues and earnings should be fine going forward.

Regarding the recent distaste for high-dividend-paying stocks, Cramer said he was no longer worried. With interest rates turning lower, "Cedar Fair is the place to be," he concluded.

-- Written by Bret Kenwell in Petoskey, Mich. .

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FUN $58.06 0.00%
SIX $51.08 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs