Are u ready for some $FUN? we have the CEO on tonight at 6p & 11pE! on Mad Money CNBC would you buy or sell #FUN ? RT
Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc. (the General Partner). -- Cedar Fair (NYSE:FUN) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and generally higher debt management risk. Leading up to Cedar Fair, L.P.’s (FUN) announcement of its first quarter earnings on Wednesday, May 8, 2013, analysts have become more bullish as expectations have improved over the past month from a loss of $1.15 per share to the current projection of a loss of $1.11 per share.
The consensus estimate has moved down from a loss of 95 cents over the past three months. Analysts are expecting earnings of $2.32 per share for the fiscal year. Revenue is expected to be $30 million for the quarter, 6.3% higher than the year-earlier total of $28.2 million. For the year, revenue is expected to come in at $1.11 billion.
For the past two quarters, the company has seen falling revenue. In the fourth quarter of the last fiscal year, revenue declined 10.8% to $129.2 million from the year earlier quarter. In the third quarter of the last fiscal year, the figure fell 3.3%
The Company, along with its affiliated companies (the Partnership), is an amusement park operator, which owns 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. The amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada's Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan's Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott's Berry Farm and California's Great America (Great America) located in Santa Clara, California
These stocks are active and have the potential to break out this week.
*Apple (AAPL)* - Apple (AAPL) stock traded Ex dividend on Thursday and
shareholders will see this added to their accounts next week. Having said
that, $467 is the new resistance level to watch going forward.
*Zillow (Z)* - Zillow (Z) is high on my watch list right now due to the
nice drop in stock price since earnings. Zillow (Z) is a buy below $55,
strong buy below $50.*Kodiak Oil & Gas (KOG)* - Kodia
Under Armour (UA) has just reported earnings this morning. Here are the highlights: Revenue increased 23% to $472 million. Income decreased 47%, though largely because of planned marketing expenses. The company has also raised its outlook for the entire year. Under Armour says it is placing renewed focus on creating innovative clothing products. It also cited strength in its footwear business. The stock hit its 52-week high back in September. It has gained about 15% year to date.
Up next we have Chipotle (CMG), which has been up more than 5% in early trading. Chiptole beat the street when it reported earnings after the bell yesterday. It posted profits of $2.45 a share compared with estimates of $2.13. You may recall, fund manager Jeffrey Gundlach sent shares tumbling more than 3% last week when he joked that a gourmet burrito is an oxymoron. Shares of Chipotle are now at about $345 a share, about midway between their 52-week high and low. The high of $440 was exactly 1-year ago.
Now Restoration Hardware (RH), which has also been on a tear in the wake of its earnings. The home products chain reported a loss for the fourth quarter, but its adjusted results beat expectations. In addition, the company improved its outlook. Restoration Hardware is chalking its losses up to costs stemming from its IPO which it held back in November. Adding in this morning's gains, the stock is up about 10% since then.
Finally, we look at Vertex Pharmaceuticals (VRTX) which is up an astounding 60% in premarket trading. Vertex says its experimental drug for cystic fibrosis improved lung function in adults in a mid-stage trial. The new drug was tested in combination with an existing one also made by the company. The advance puts the stock at its highest price since October of 2000.
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