 So the Six Flags Q4 results have been posted. The conference call had just happened and I listened and I'm gonna give you guys a quick analysis of that stockholders call and then my thoughts on Six Flags as a whole. I do wanna start cause I know not everyone watches a whole video when they watch anyone's YouTube videos. So I wanna give a quick synopsis of everything right now. My personal opinion is Six Flags is going to be just fine. I really like the new CEO. He's super transparent. He's a straight shooter and I think he's gonna have an amazing plan that he presents on May 28th. I'm super excited about that capital X and the off X that he's gonna present on May 28th about the company and I'm super excited to see what he's going to do. There were a lot of hard shooting questions at him like, did you know what you were getting yourself into when you became the CEO of Six Flags? Which I thought was pretty shady but I just, he was really diligent and just super intelligent and I think he's got a great plan for Six Flags' future and just the way that he was super honest about the company, really not doing well and just not having, like not being there, not being present, not aware of their problems and now that he's here, he's only been there for three months, he's super aware. But anyways, that's my opinion. He's a great guy. He's gonna be a great CEO. I think Six Flags has got a bright future. There were a couple of things that I do disagree with. I don't like that they're still gonna focus on international. I don't like that they're sticking with DC. There were a couple of questions from investors. So one question was like, do you think your current theming with Warner Bros is doing the company justice? And you know, they were like, yeah, of course, blah, blah. No, it's not. People like ultimately superhero theming is tacky. It's not an experience that people really want. Like you're only gonna draw in the kids. When you have a superhero theme, you're literally only drawing in a very young audience and then pass that it's not doing much. It just looks tacky. That's my biggest complaint about Six Flags. They're gonna have more advertisements, more sponsorships. So that's another thing that's something people don't like. So that's another thing that came out of that. And then, oh boy, I just lost my third thought of something that Six Flags is gonna be focusing on. Anyways, if it comes to me later on in the video, I have it written down here that I'm going through my notes that'll eventually come up. But nonetheless, Six Flags, oh, international. So there's still one investor asked, like, you guys don't have the brand that you think you have to go international. You're not as known. You're not as supported as you think you are. And again, I totally agree with that. Six Flags, you gotta stop. You're not capable of going international. It clearly isn't working out for you as much. I don't think your Saudi park is gonna be as successful as you think it's going to be. If you actually look at Saudi Arabia, hotels are vacant a lot of the times now, but people can't afford to go to Saudi Arabia. It just doesn't have the same charm it used to. It's not that super new tourist destination that everyone was talking about anymore. So a theme park isn't going to do as well as you think it is. It's not gonna save your company. So internationally, start focusing on your parks in the USA, okay? Anyways, that aside, Six Flags did report some really negative news today, and they definitely had a surveys that went out through all of 2019 and those came back really negative as well. It was the common theme of the stockholders call. It's just really bad news in terms of results and the customer is not impressed with Six Flags and they got that feedback and they're well aware of it. But again, the new CEO is absolutely handling it like a boss and he's developing a plan. He's not ready to present any plans past 2020 yet. So no long-term plans yet, but he's working on those. But nonetheless, EPS is down 183% crazy. So the stock is sitting around the low 30s right now so it did have a second drop. So they reported $269 million in revenue for the quarter. Revenue was down about $9 million as they reported around 261 million, 260 million. Sorry, $261 million in revenue for Q4 in 2019, which is down around $9 million as they reported $269 million same time last year. They're only pairing around $2.11 a share, which is down like about a dollar, which is kind of crazy. The new CEO is looking to redesign the company due to the rough results that they receive from their surveys and the rough results that they're receiving obviously from the customers. Their operating costs are growing faster than revenue, which is scary. They're gonna have to get that together. He is looking to turn six flags around as he's well aware that Six Flags is a troubled brand, but he has a fourth step process to fixing it. He's very long-term focused. He has a strong sense of urgency to fix these issues. He wants to communicate every step of the process to stockholders and shareholders. He wants to hold the leadership team accountable. And step one of that was no leader of Six Flags is gonna be getting a bonus for the 2019 season, which I think none of them deserve it, no offense. So great news to hear that. Some of the rough results due to the attendance decline was partly due to Mexico parks and Magic Mountain. They blamed the Mexico park doing so bad on an accident that happened in Mexico, which was leading people to not trust theme parks and roller coasters. And then Magic Mountain, they didn't explain why in detail. I'm not from that area. So if you know why, comment down below. Someone from Six Flags also did step down. I think their name was Mike, but if you know that as well, comment it down below as well. Not quite sure of who and what position stepped down. It wasn't the CEO, don't worry. Six Flags reported only a 700,000 increase in attendance and that is because of the six new parks that they purchased. And they only had a 65,000 guest increase in their main parks. That's crazy, okay? That is crazy. 65,000 increase in guests of their main parks without the six new parks joining the family. Cedar Fair had 1.3 million increase in attendance. So very, very, very crazy numbers in comparison. So the main parks only contributed to pretty much just under a 1% increase in attendance where the six new parks had a 700,000 increase in attendance for Six Flags as a whole. There's so much information to go over. He was being super transparent, which is a super good thing. Again, I wanna stress that lots of information that I'm presenting, making the company sound really negative, but again, he's well aware of what he's getting himself into. Actually, that was one of the questions that a shareholder asked him in the question period is did you know what you were getting yourself into when you became CEO of Six Flags? And he was aware and he's developing a plan for it and he is very confident that he can turn Six Flags around. So season pass sales are down 2% for Six Flags, which is crazy because Cedar Fair is reporting already a 40% increase in season pass sales for 2020. So what's interesting is they contributed the huge decrease in memberships and season passes to a price increase that the chain implemented, which suggests that Six Flags doesn't actually have any pricing power, where Cedar Fair always boasts and talks about the pricing power that they have and they clearly do. You see them raising and adjusting prices all the time and it works. I mean, what I like about Cedar Fair is again, if you watch the stockholders call yesterday that I did for Cedar Fair, Canada's Wonderlands Winter Fest was a huge success, a huge success. And I remember they kept adjusting the ticket prices and it worked in their favor and you see it all the time with the fast lane as well and people buy it still. Whereas it looks like the pricing power that Six Flags used to have or thought they had isn't working in their favor anymore as they're claiming that the pricing power that they were doing and the increase in pricing that they did on the tickets and the season passes and the memberships actually led to a lower sales for their membership season passes and tickets. They have lost $30 million in international agreements in 2019 alone. And so this is where it gets into it. He's gonna readjust the CAPX and OPX and he's gonna announce that on May 28th. So over the next three to five years you're gonna see huge changes in capital investments, a part of that. Now the scary thing is he's taking it out of the OPX and moving it into the CAPX, which can get a little scary or it can, you'll notice some changes in how the parks operate based off of that. So I'm hoping on May 28th, he announces something a little different from what he was describing on the call. But I do have faith in him. So I'm hoping that there is something. He did comment very slightly on 9% going into the capital investments not being enough. So I thought that was interesting. So hopefully in the next three to five years, again, you gotta give it three to five years. And he did say that on the call. This isn't just me. He's not gonna cancel stuff like I originally thought. Three to five years you'll start to see his investments coming into play. Again, he's gonna be focusing on leadership and holding them accountable for any loss. Like basically holding them accountable for not doing their job. He is gonna be focusing on commercial, culinary and technology in terms of investments. So good news out of there. He's gonna be hiring some leaders for those three departments. And yeah, basically, I'm trying to see if I missed anything in my notes. There is gonna be more sponsorships and monetizing the properties is how they described it. Some of the questions, some of the steps he's going to be working on in terms of international development is what is our right to succeed in that international market? Do we have a capability and are we able to find a partner? Again, to me that was garbage. I trust him and I know he's a new leader. So hopefully we can trust him. But just the way Six Flags is handled international thing just grosses me out. And I have no faith in that company in terms of international markets. The company is struggling to get new unique visitors into their parks. He's going to fix the website. He hates the website and he's gonna do a lot of investments into the technology that Darien Lake property is doing extremely well, especially its accommodations. So that's gonna be a focus for them. And yeah, that's pretty much it. So super interesting information coming out of Six Flags. Again, this isn't the end. I have full faith in them. Super excited to see what the new CEO has in store for Six Flags. Hope you enjoyed this quick analysis and my thoughts on the conference call coming out of Six Flags and the Q4 results. Again, full faith in the company. Don't panic. Everything's great. So thanks so much for watching guys. Don't forget to hit that like button, subscribe if you haven't and comment down below your thoughts. Have a good one guys. Bye.