FUN- for what it's worth

[Goods]

Cedar Fair (FUN) is selling at a 4 yr low at just over $23.

Doesn't trade a lot but gives a $1.90 yearly dividend. They've had their problems lately after buying Paramount's parks. Top that with high gas prices and a crappy ecomony and people don't spend as much for amusement parks as they used to.

I hit Cedar Point with my daughter 5-10 times a year. We go in May, early June, September and early October when crowds are light.

Here's what I like about the earnings coming up November 6th. Cedar Point has been packed. Way more than usual. We went last night figuring crappy weather would keep even more people away on a usually slower half day Friday and it was packed. Last Saturday had a record number of people and this weekend will likely be the same with good weather predicted. Even a usually slow Father's Day was jammed.

They just announced a new coaster planned for Michigans Adventure and plans to turn Geauga Lake into strictly a water park. Trying to sell Great America to the 49ers to avoid a legal battle for parking space at the new stadium.

Point is, Cedar Point is Cedar Fair's cash machine and it's been booming way more than usual this year. Earnings may surprise this quarter and give the stock a jump. Friday's market selloff didn't affect it. Maybe it's finally hit it's bottom. I'll likely pick some up this week and wait for earnings.

[whodi]

Whats up Goods, I haven't even looked at the stock but to give you an idea of how you can determine sometimes if a stock has hit a bottom is by the VOLUME my friend. If the stock has tanked and started hitting uncharted waters and then you have ridiculous volume and it rebounds strongly off lows. Thats a good indicator of a bottom, but not always true. Without volume, its really a gamble and a risk. GL on it if you buy it.

[Goods]

Had a standing limit order to buy 1000 sh @ $23 but it never did get that low the past few days. Up nicely. On the watch list for Monday.