 Alrighty, so the Cedar Fair stockholders call was today at 10am and I took all the notes I possibly could of the entire stockholders call and I am just going to spit them out in this video. And if there's anything important, I'll discuss it. But a lot of these are just numbers. There is some really cool information about the ride announcements for 2024. And then also future investments that the park is actually doing some research into currently. So they have a whole new mindset about developing some new experiences and they've hired a team for that. So they dropped that little bit of tea that I thought was interesting. But it is no surprise that weather has impacted the parks. And it is starting to improve. So they said that weather and the wildfires were impacting attendance at Cedar Fair parks, except for the Midwest Park. So parks like Cedar Point and Kings Island were actually doing really well outside of the wildfires at Cedar Point for a bit. But Kings Island is actually having a really strong year. 2023 season passes are low and Canada's Wonderland attendance was obviously affected by the wildfires in spring. And the Midwest parks again make up a 6% increase in weather. So that's really cool. Cedar Fair as a total has a 4% increase in guest spending due to food and beverage mainly. The new mobile app this is really interesting tea is in development and is continuing and it's pretty far along in its development. It will have payment options as well as wait times and it'll be extremely user friendly and it's going to roll out later this year at some parks and then a full rollout in spring 2024. So that's really exciting. Group attendance is up 11% due to school and youth events while corporate events are at par with last year or lower than last year. Cedar Fair is not satisfied with the numbers that they are presenting currently. So they have done an emergency mode to drive sales. I think a lot of you got that email. So they're doing an emergency sale to drive sales and attendance at their largest parks. And they believe that the discount they're offering to get in will be offset by the increase in guest spending that Cedar Fair is witnessing which is actually true. That is concrete information that would translate to higher revenue. There were 737 operating days this year versus 708 days last year due to adding more school days in spring. So there were 7.4 million guests versus 7.8 million guests, 501 million revenue versus 507. Fewer season passes were sold this year mainly contributed to California's Great America and Nottsbury Farms. So the California parks are holding the chain back significantly. It was mentioned a lot. So fewer season passes have led to 300,000 less visits. Canada's Wenderland and Nottsbury Farm make up a 200,000 attendance loss. And they attributed that again to bad weather and wildfires. The resort properties are actually doing significantly well and are up. Cost of goods. So this is really tea information. Cost of goods is down over last year despite inflation. So there's a 3% to 6% decrease in labor costs and a 2% decrease in operational costs for the 2023 season so far. For adjusted EBITDA there is 151 million versus 171 million the year before. Revenues are up 11% in July 2023 versus July 2022, roughly about 40 million dollars. So that is good news but that is attributed to again a higher average ticket and they are adding and reducing. So this is this was a tea adding and reducing days at parks where appropriate to control costs. So again what they mean by that for example Canada's Wenderland has added an additional week in January to Winterfest and they've added Fridays to the September schedule whereas other parks are canceling their Halloween events and there are rumors that carowinds might actually not be year round anymore but we'll keep an eye on that. I'm going to touch on that a little later. They kind of drop a major hint in the question period. Notts and California's Great America are down 9% in season pass sales. So those two parks were attributed to the season pass decline. Strategic this is tea information strategic 2024 season capital and passes. So 3.2 million passes were sold in 2022 2023 despite it being down is still the second best year for season passes. They plan on a more attractive pricing for the 2024 season passes in key markets and then as they sell and get to their targets for their season pass sales they're going to raise the prices. So most parks will announce their new rides in the next two weeks. Finest they plan on having the finest thrill rides in the industry. Few additional surprises for thrill seekers are on the way and family and thrill entertainment as well. Adding more unique experiences that broaden the guest experience Cedar Fair is looking to add even further unique things to draw in new guests that they currently do not draw in and they look forward to exploring these options down the road with a team. Streamlining labor and overhead costs are one of the targets that Cedar Fair is going to be focusing on for the remainder this year and 2024 and new targets for 2024 will be announced to stockholders in November. So we'll have some information on that. So California parks are disrupted currently by bad weather monsoon like weather and the low season passes are going to impact them for the rest of the year. Cedar Fair has warned the Schlitterbaum parks are also not doing so hot. The prestige pass is expanding to more properties but will not become the core pass they confirmed. Some year round parks will no longer be year round. This is what they said on the stockholders call in the question period. They did not say which parks but that's T so keep an eye on that. Caroline's attendance greatly impacted due to weather and Fury 325 and they are not saying no to any merge or purchasing agreements. If a park has an attractive portfolio and is looking to merge or be purchased they will explore that so they did not say no to that. So that is the stockholders call definitely a lot of information in there in terms of the future of Cedar Fair. They definitely seem to be wanting to become more of a theme park with broader guest experiences and not just relying on roller coasters and flat rides to bring people in and I think that's really smart and I would love to see what that translates into in the next five to ten years. Anyways thanks so much for watching the city. If you have any questions comment down below and I'll try and answer them to the best of my ability. Thanks so much for watching today's analysis of the stockholders call and obviously I'll have my 2024 predictions for Canada's Wonderland my final ones either later today or tomorrow. Anyways guys have a good one. Bye!