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(Chicago Trib)   SeaWorld files for IPO. Hopes to attract a few whales, avoid sharks   (chicagotribune.com) divider line 10
    More: Cool, IPO, Seaworld, Blackstone Group, sharks, beluga whale, fundraising  
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311 clicks; posted to Business » on 27 Dec 2012 at 3:05 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-27 01:12:31 PM
Subby, did you have a stroke while writing that?
 
2012-12-27 01:33:20 PM

dahmers love zombie: Subby, did you have a stroke while writing that?


I think a Modmin did, and when he slumped over his head hit the green button.

/files files... just sayin'
 
2012-12-27 02:34:29 PM
So they're filing files of the files for the IPO?
 
2012-12-27 04:32:33 PM
With what they charge for tickets these days, investors are sure to make some shamoola.
 
2012-12-27 05:29:28 PM
Didn't realize Anheuser-Busch sold them.
 
2012-12-27 06:39:41 PM
Yeah, let me sign right up for that.

I can definitely see this being a growth industry.

Wait, nevermind, why the f*ck would anyone buy this stock?!

It's a relatively small industry, with little growth potential, and if they do want to grow (open a new location, for example) the costs of doing so are probably about the worst they could be for an entertainment venue.

They must be planning to completely ditch what they were about originally in the quest for the dollar.

/checks Wikipedia
//oh, nevermind, they sold out a loooong time ago
///been many years since I was at the one in Florida
 
2012-12-28 08:52:16 AM
I worked for SeaWorld when they were owned by AB and then sold off. Unless they have new management, I would not go near this IPO with anyone's money. The new management (at least new when I was there) had no clue how to run the parks, insisting that they remain open later in to the year and that they also cut costs as much as possible. The cut loose most of their IT staff when they moved them to Orlando, they had been in Saint Louis when they were owned by AB. They let all the institutional knowledge go to save a few bucks, and from people I know who worked in IT after the move, they had so many problems that first year, they lost more money than they saved with that decision.

As far as adding a new location, they looked in to that when AB owned them and there was not a good location that would not have affected a current park. You really need a warm weather city, somewhere that can sustain a park being open 10-11 months a year. The best option for them would be to add a new water park in a place like San Diego, much like they did with Aquatica in Orlando, right next to Seaworld. For years they wanted to add a Busch Gardens in St Louis but the area barely supports one amusement park, building a second would be a terrible idea and now that AB doesn't own them, it would never happen.

Anyway, this is a bad investment all the way around...stay away.
 
2012-12-28 11:04:39 PM

bluenote13: As far as adding a new location, they looked in to that when AB owned them and there was not a good location that would not have affected a current park. You really need a warm weather city, somewhere that can sustain a park being open 10-11 months a year. The best option for them would be to add a new water park in a place like San Diego, much like they did with Aquatica in Orlando, right next to Seaworld. For years they wanted to add a Busch Gardens in St Louis but the area barely supports one amusement park, building a second would be a terrible idea and now that AB doesn't own them, it would never happen.

Anyway, this is a bad investment all the way around...stay away.


They bought soak city or whatever it is :P


Anyhoo.. the investment group that owns the Sea World parks and Universal Studios is a typical money pinching group (Blackstone?).. Sea World simply doesn't have full time positions anymore, they just don't exist for the most part :P It was rumored that one of the daughters involved in the AB family wanted to get the parks back.. I guess that didn't happen. Poor management decisions aside, I'm sure the parks will make money and they'll concern themselves more about the investor than park guests like every other corporation.
 
2012-12-29 12:01:20 AM

almandot: bluenote13: As far as adding a new location, they looked in to that when AB owned them and there was not a good location that would not have affected a current park. You really need a warm weather city, somewhere that can sustain a park being open 10-11 months a year. The best option for them would be to add a new water park in a place like San Diego, much like they did with Aquatica in Orlando, right next to Seaworld. For years they wanted to add a Busch Gardens in St Louis but the area barely supports one amusement park, building a second would be a terrible idea and now that AB doesn't own them, it would never happen.

Anyway, this is a bad investment all the way around...stay away.

They bought soak city or whatever it is :P


Anyhoo.. the investment group that owns the Sea World parks and Universal Studios is a typical money pinching group (Blackstone?).. Sea World simply doesn't have full time positions anymore, they just don't exist for the most part :P It was rumored that one of the daughters involved in the AB family wanted to get the parks back.. I guess that didn't happen. Poor management decisions aside, I'm sure the parks will make money and they'll concern themselves more about the investor than park guests like every other corporation.


I work for a company owned by Blackstone. They are utterly destroying us piece by piece and company morale is pretty much non-existent.
 
2012-12-29 12:08:52 AM
SeaWorld files for IPO. Hopes to attract a few whales, avoid sharks

i1.mirror.co.uk
What you got against the Sharks subby?
 
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