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The Company is a regional amusement park operator, which owns amusement parks, outdoor water parks, indoor water parks and hotels.
Cedar Fair has made some really lousy business decisions in the past five years or so. Their investment is geauga lake was an absolutle debacle and their love affair with huge coasters is catching up with them. We all love big steel coasters, but they cost tens of millions of dollars to construct, and their agressive approach is catching up with them.I worked on the business side of the amusement industry for a few years and one thing I learned is that debt is a killer. No one can dispute that Cedar Point is the finest coaster park in the world, but this stock is a no go.
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