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That Guy · 08-19-2005, 01:04 AM

six flags at its height was trading at 23$ per share, snyder bought it at its low point (3.49$ a share) and now he's offering 6.5$ (current value is 5.5$ per share, up about 35% from the buy price).

I gues he figures if he can get enough shares its worth his time to try and push the stock/company up (and since its 25% of it maximum attained value, I guess he thinks he's got a pretty safe cushion to work with). Of course, the liscensing rights and control of the board could be worth the cost even without the parks.

08-19-2005, 01:04 AM	#10
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,574	Re: Snyder's Biggest Move? six flags at its height was trading at 23$ per share, snyder bought it at its low point (3.49$ a share) and now he's offering 6.5$ (current value is 5.5$ per share, up about 35% from the buy price). I gues he figures if he can get enough shares its worth his time to try and push the stock/company up (and since its 25% of it maximum attained value, I guess he thinks he's got a pretty safe cushion to work with). Of course, the liscensing rights and control of the board could be worth the cost even without the parks.