August 9, 2007
I love amusement parks. Living in the theme-park-loaded state of Florida, I relish driving out with my family to hit smaller parks with retro charm, shorter lines, and more affordable turnstile prices.
I've been blessed to visit several dozen amusement parks in recent years. My favorites? Cedar Fair's (NYSE: FUN ) Cedar Point in Ohio, Holiday World in Indiana, Hersheypark -- which, contrary to popular belief, is not owned by Hershey (NYSE: HSY ) -- in Pennsylvania, Anheuser-Busch's (NYSE: BUD ) Busch Gardens Europe in Virginia, and Six Flags' (NYSE: SIX ) Magic Mountain in California.
As someone willing to put his money where his mouth is (after rinsing the greenbacks in antibacterial soap, of course), I've been an investor in Cedar Fair for several years.
However, I'm concerned that the company may have bitten off more than it can chew with its latest acquisitions. So I found myself itching to write the bearish case on Cedar Fair -- a Motley Fool Income Investor newsletter recommendation. Meanwhile, Chuck Saletta, usually seen around these parts as the bear, wanted to wax bullish on the stock.
Which Fool will ride home the winner? That's what this week's bout is all about.
Longtime Fool contributor Rick Munarriz really does love amusement parks, and he's an investor in both Disney and Cedar Fair. Anheuser-Busch is an Inside Value pick. The Fool's disclosure policy loves to put its hands up when the coaster's dropping.