 So it looks like we can finally put this whole saga to an end. So as of today, the news is broke. It was real. So Six Flags was offering stocks and money to Cedar Fair to purchase Cedar Fair. Not necessarily purchased, but the whole rumors of the merge were true. So it looks like $4 billion cash and stock offer was made from Six Flags Entertainment to Cedar Fair Entertainment. The theme park operator is said to have considered the $70 deal price plus some cash as inadequate, meaning they have said no. Six Flags is also not expected to come in with a new offer and Cedar Fair stocks have dropped since this story has broke. A little more information and I'm going to go over my reaction because I think this is really dumb. I'm going to go into why I think this is really dumb and I think this whole thing was just a publicity stunt. So the Six Flags chief executive James Reed Anderson is preparing to retire by the end of February and the company had offered Cedar Fair executives roles in the management of the combined company. Though this was not enough to persuade them, Six Flags had offered to acquire Cedar Fair for around $70 per share to be paid for the most part by using Six Flags shares as currency, but also funded with a small cash component. The sources have said Cedar Fair shares were traded at around $58 right before routers. Routers broke the news of Six Flags bid on Wednesday. Cedar Fair responded that Six Flags bid was too low, not least because it did not compensate Cedar Fair shareholders for giving up on the company's tax advantages publicly traded partnership. Sorry, this is a really poorly worded article. This allows the company to pay out the majority of its earnings to shareholders without first paying US federal or state income taxes. So some definitely some interesting information in that. So a couple of things I don't get where Six Flags was going to come up with this $4 billion. They're already $2.7 billion in debt. So that would roughly come to around $7 billion in debt, although it seems like they weren't going to pay for that in cash entirely. It was mostly going to be their own shares they were going to use, which I think was a little weird. But what's even weirder is they didn't have a CEO as of February. There's no CEO. It doesn't make sense. So if you remember my previous video, I kind of commented on that. So I said that it's pretty likely that Six Flags is trying to merge with Cedar Fair and have Cedar Fair run the parks. And it looks like with the news that broke out today, that's exactly what Six Flags was trying to do, which is not a good sign. And I'll tell you why. So it looks like Six Flags wanted to build its company up, but it through a merge. So they were going to merge with Cedar Fair, become a new company, and they were going to give the Cedar Fair CEOs and executives the positions at this new company. So they were going to run Six Flags or Cedar Flags, whatever the new company was going to be, which is extremely interesting. This shows you that Six Flags truly is in shambles. They've been struggling to find a replacement CEO. We know that from previous stockholders calls. And now it is more apparent that they have no idea what they're going to do with a new CEO. What's even more apparent is if you look into the Q2 results for both Cedar Fair and Six Flags, Cedar Fair has a higher income level already this year than Six Flags. With the purchase of the two new water parks, the resorts and the sports complexes, it looks like Cedar Fair has finally closed that very small gap that they had with Six Flags despite Six Flags owning more properties and Cedar Fair has finally pulled ahead. So for those of you Six Flags fans that have been in my DMs saying that Six Flags is a much bigger company, a much better company, blah, blah, blah. There's a video out there that really ticked me off. Very poor facts about Cedar Fair struggling, yet they didn't care to look up Cedar Fair's results this year and last year. It's doing extremely well. And they also didn't look up the fact that Cedar Fair only has 11 properties and Six Flags is 26 and Cedar Fair makes pretty much the same. Again, I'm going to stop there. It's triggering because the information is out there, Cedar Fair is just a much stronger company. The better way to word it is Cedar Fair has stronger roots in the ground to go through a financial crisis and they pay off their debt before buying new properties and stuff and they manage their debt very well. So it looks like the deal is not going to go through, but for those of you Cedar Fair fanboys that were panicking, regardless of the situation, Six Flags was just looking to merge with Cedar Fair into a new company. And then Six Flags was going to give all the upper management roles and the CEO position to Cedar Fair executives. So in the end, it would have been Cedar Fair running the show, the same people that make the amazing decisions for your Cedar Fair parks. We're just going to run the show. The only thing that would have been different is they might have gone down the Six Flags stockholders route, which is absolutely scary. So for those of you that don't know, any extra income that Six Flags makes gets divided up to its shareholders, which is really scary. That's why you get really low investments compared to Cedar Fair. Cedar Fair is able to spend more because they don't have to spend or give away all their extra income each year to the shareholders. Cedar Fair offers actually a premium of around a dollar per share now instead of giving all the income away like Six Flags does. So the two companies have very different payouts for shareholders and Cedar Fair just benefits the actual consumer better than Six Flags does. That's why a lot of people don't understand Six Flags makes those cheaper investments compared to Cedar Fair is they try to save as much money as possible. Their shareholders control the company and they force them to do decisions like that. That's the best way I can describe it in simple terms for everyone to understand. But just thank God it's not going to happen. Six Flags can't come back and offer anymore. There's nothing they can do. Hopefully Six Flags has a game plan because right now they are running around like lunatics. They don't know what they're doing. It's kind of embarrassing that they're running around trying to purchase more property that the Cambion can't even afford. And truly they just need to find a CEO after February and go from there. Six Flags has the properties. They have the income. They can survive. They just need to dig deeper roots. It's getting kind of embarrassing with how they're handling their cash flow. They're going to end up back in Chapter 11 if they keep going. And yeah. And for those of you Six Flags fans that are triggered by this video, slide into my DMs. I will just post all the proof I have. It's nothing you can say to convince me that Six Flags is a stronger company than Cedar Fair. I will literally just post all the financial reports that clearly show Cedar Fair is the stronger one. I'm so sick of you guys in the DMs complaining and I literally send you a picture and you shut up. It's the end of the story. Cedar Fair is just a stronger company. They have stronger roots. They pay off their debt more and they make more money than Six Flags now. So end of story for all you Cedar Fair fanboys. Calm down. You're all good. Don't worry. Now what I would like to see is there's a couple of parks that I really want Cedar Fair to take over from Six Flags. And those were the kind of the parks that I was looking forward to most. So I really think that Great Adventure would benefit from a Cedar Fair ownership. Six Flags Great America would benefit from a Cedar Fair ownership. Even a park like Magic Mountain could benefit from a Cedar Fair ownership but Knott'sbury Farm then comes into play. And I'd love to see the Texas parks in Cedar Fair's ownership as well. With that being said too, to compliment Six Flags even though it sounded like I really hated on them, trust me I do like Six Flags. They're just very different and I do not like their model for the parks that are higher up in the Cedar Fair chain. I do think Six Flags would run the smaller parks in the Cedar Fair chain much better than Cedar Fair would. So don't take my anger of Six Flags too poorly. I do think Six Flags is really good at investing in all their parks unlike Cedar Fair where Cedar Fair focuses on all their big parks. In turn, that is the smarter decision. It is holding them to the ground a lot better than something like Six Flags. And if a recession comes, I promise you you will see Six Flags struggle and Cedar Fair is ready for a recession. And all their stockholders called, they constantly talk about being recession proof. Anyways, hopefully this video didn't trigger you too much. I know I got a little wordy there. I just seen a lot of people coming out and saying Six Flags is the better company lately. And it's just like you have to actually do your research and look at the facts. I'm sorry Six Flags is not the better company. Even investors were extremely worried about this decision. The two companies are very different. Cedar Fair is a stronger culture compared to Six Flags. And it would just completely ruin that culture if we had gone down that different route. So I'm trying to see if I have another article I wanted to read. It's basically Cedar Fair's decision is a blow to Six Flags, which is already the world's largest regional theme park operator has been looking to expand its footprints so it can increase its ticketing pricing power. So for those of you saying that, oh no, it was a great decision, saying no, they're looking to increase their ticketing price. Six Flags have offered to acquire Cedar Fair for around $70 for a share, blah, blah, blah. You already know that. And Cedar Fair responded that Six Flags bid was too low, not least because it did not compensate the shareholders and it just touched on how investors and enthusiasts were extremely saddened by the news of this possible merge. So it looks like a lot of people were not in favor of this. And I think you're going to see a lot of things happening over the next 10 years. I think we're seeing first signs of Six Flags heading towards Chapter 11 again if they don't get a CEO and smarten up. Anyways, hope you enjoyed my really quick analysis. I know it's a 10 minute video, but in all honesty, I could go on like 30 to 40 minutes about the financials of the two companies. Don't forget to hit that like button, subscribe if you haven't, and share this video for others to enjoy. Thanks so much for watching guys. Have a great weekend. Bye.