Six Flags Stock Prices Leaps on News of Christmas Income
Six Flags Theme Parks (NYSE: PARK) saw its stock price leap some 23% yesterday on news of unexpected income over the holidays.
According to Gary Story, outgoing park chain COO, the company received $25 in cash in a "really cute" holiday card from its great aunt and an additional $35 from its grandmother.
Additionally, Story and Kieran Burke, the chain's CEO, worked part-time over the holdiays at a Hickory Farms mall kiosk, bringing in a total of $645 after taxes. The net to the chain was $623, as Burke lost his uniform and its cost was deducted from his final paycheck.
"This $683 in pure profits is a great sign," said stock analyst Robert Damen of SmithBarneySolomonBurkeKline. "That's approximately, let me do the math, $683 more in profits than we've seen from them in years. If the chain stops operating its parks and shifts entirely to relative-sourced income and part-time work involving well-sealed sausages, it might just have a winning strategy. If, however, it continues to pursue the 'amusement park' idea, it's pretty much doomed."
Reports indicate that Story and Burke may pursue a job at an Oklahoma City mall location of Orange Julius, as the Hickory Farms kiosk is a seasonal operation. Burke is reportedly "addicted" to the outlet's "Cocoa Latte Swirls" and has become obsessed with obtaining an employee discount.