Just heard from a friend on the inside that SeaWorld is filing bankruptcy and shutting all its parks down immediately. She is a pretty reliable source and hasn’t been wrong yet. Guess we are all unemployed now!
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Get lost troll. You and your so called friend should throw yourselves off the SkyTower. Enough said
Stock price is at 17.28 and we are getting investors analysis going from sell to hold. They've sold off the senior notes stuff. They said they have cash flow to go until next year. Universal is reopening on the 5th of June. 7 million in stock went to the executive team to keep them from jumping ship.
There is zero reason for any of this to be said right now and definitely not to believe it. Should anyone believe this.. I have a boat to sell them.
Dont believe this one at all
Agreed, your friend doesn’t know what they are talking about. SEAS just borrowed over $100M from the banks from its revolving credit limit, plus sold tens of millions in junk bonds. Before COVID19 the company was $1.4B in debt, now stack all that on top. The biggest problem is paying it all back. The interest payments on all the debt is massive. Bankruptcy will come in a few years if they can’t pay it back or renegotiate the loans to more favorable terms. That’s what happened to SIX Flags in 2009. They never closed during bankruptcy, just reorganized. I do hope the current chairman of the board and real CEO gets burned bad. Scotty is in hot water if he can’t pay his investors back.
Guessing you just like spreading bad info. Not happening.
I don’t buy it. CEO wouldn’t have given a mid June reopening time yesterday to VP Pence. He would’ve left it much more vague. If they were to ever file for bankruptcy, it would likely be Ch 11 anyway and they would restructure but not close completely.