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Sunday, September 07, 2008
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Profiled Stocks |
Mad Money Stocks Archive
Cedar Fair (FUN)
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Cramer said happier days have arrived for some companies. In a market that's decidedly been no fun for many companies, Cramer recommended the stock of Cedar Fair (FUN). He said his thesis for Cedar Fair is simple- Eighty percent of the people who visit the company's many theme parks arrive by car, and with gas prices continuing to fall, that means great things for Cedar Fair.
Cramer said Cedar Fair has been taking big hits recently, on fears of rising gas prices and a slowing economy. In reality however, the company's attendance is up 3% this year, with revenue up 2%. Given that the declines were mostly psychological and not based on the facts, Cramer now feels FUN is now ready to run. Also on the list of positives for the company - its 9.3% dividend yield, which Cramer called relatively safe, and its most recent award for "Best Amusement Park" for its Cedar Point property in Sandusky, Ohio.
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