Why Six Flags Stock Crushed the Market Today

Is Six Flags Entertainment (NYSE: FUN) about to undergo a radical transformation in its business?If an activist investor in the amusement park operator gets its way, Six Flags could morph into a new type of company entirely. After said investor published a letter detailing such a plan, market players traded the stock up by 4% on Friday. That performance compared very well to the 0.6% increase of the S&P 500 index across that session. That morning, the activist, Land & Buildings Investment Management, published the letter it sent Six Flags. True to its name, the activist pushed the company to consider monetizing its sprawling land portfolio, suggesting means such as a spin-out of such assets into a real estate investment trust (REIT), or outright sales. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool