Cedar Fair Tries to Convince Analysts It Should Trade Higher Based on Its Cool Stock Symbol
Cedar Fair, L.P., a publicly-traded partnership operating close to a dozen amusement parks and water parks, held a special conference call with stock analysts after the markets closed yesterday to emphasize that the symbol for its partnership interests is so cool, the unit price should be increased on that alone.
"It's 'FUN!' Don't you get that?" queried Brian Withers, Cedar Fair spokesman. "F-U-N. It spells 'fun,' what our guests have. Every time you type it into your computer, you'll smile. When you see it go across the ticker, you might even giggle. C'mon, guys, that should be worth at least a buck a share." After the analysts sat in stony silence, Withers spelled out F-U-N with arm motions and sang a short song about the joys of holding stocks with neat abbreviations.
Cedar Fair closed yesterday at 20.85, unchanged for the day. In after-hours trading, however, the stock was up sharply at $23.20, suggesting the call was successful.