This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Six Flags Rewards Investors Post-Bankruptcy

Stocks in this article: SIX TWX

NEW YORK ( TheStreet) -- Back in 2009, Six Flags (SIX - Get Report) wiped out almost all of its value for shareholders before ultimately declaring bankruptcy. Now, the world's largest theme park company is back with a vengeance, introducing the world to record-breaking roller coasters, and bringing incredible returns for shareholders along the way.

The company's Great Adventure Park in New Jersey currently houses Kingda Ka, the tallest and fastest roller coaster in North America. The u-shaped track reaches 456 feet in the sky. People on the ride experience the thrill of going from 0 to 128 miles per hour in a mere 3.5 seconds. The ride stretches over 3,118 feet and takes less than a minute to complete the run.

The Kingda Ka and Great Adventure are about to get even bigger with the introduction of Zumanjaro and the Drop of Doom. The record-breaking ride will have the tallest drop in the world from 415 feet in the air. Speeds on the drop reach 90 miles per hour in a 10-second drop from top to bottom. The ride is being built into the same structure as Kingda Ka, giving the theme park two record breaking attractions in close proximity for guests.

Six Flags recently unveiled Goliath at its Chicago theme park. The ride broke three wooden coaster records. The ride is the fastest wooden coaster, with a speed of 72 miles per hour. Goliath also features the tallest drop of a wooden roller coaster and the steepest drop at 180 feet and 85 degrees respectively.

Along with Kingda Ka, Drop of Doom and Goliath, Six Flags has other record-breaking attractions that are increasing yearly attendance. Full Throttle is the fastest and tallest looping coaster in the world. El Toro features the steepest drop of any wooden coaster in the country. Bizzarro has a 220 foot drop, which is one of the largest. Texas Skyscreamer is the world's tallest swing carousel ride. Medusa, a new ride to open in Mexico, will have a world record three inversions.

Also helping Six Flags in the future will be its strong relationship with Time Warner (TWX). The company's parks feature rides themed after Batman, Superman, and other DC Comic characters. With a plethora of DC Comic movie adaptations coming, Six Flags will have plenty of opportunities to cash in on increased attendance.

Six Flags remains the number one theme park in the world by number of properties. The company ranks in the top five for attendance and has seen a steady rise in the number of annual visitors. Six Flags has 18 theme parks that attract over 26 million guests. Take a look at these attendance figures over the last five years:

  • 2009: 23.3 million
  • 2010: 24.3 million
  • 2011: 24.3 million
  • 2012: 25.7 million
  • 2013: 26.1 million

The good news for Six Flags investors is the record-breaking rides continue to increase attendance, revenue and season passes. A focus on adding record breaking roller coasters has paid off for investors. The company emerged from bankruptcy in 2010 and began revitalizing its parks and balance sheets. Since that time, shares are up over 350%.

Investors in Six Flags also collect a healthy 5% dividend yield. With a cleaner-looking balance sheet, investors are in good position with this theme park company. Thrill seekers continue to go to parks with the biggest and fastest rides. Six Flags strategy is working and investors should take note.

At the time of publication, the author held no positions in any of the stocks mentioned.

Follow Chris on Twitter @chriskatje

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs