Six Flags: FUNdamentally Strong, Undervalued, And Thrilling Initiatives

  • Initiate BUY on Six Flags — the market has overreacted to temporary attendance and cost issues, underestimating recovery potential post-Cedar Fair merger. FUN's scalable business model, passholder growth, and targeted park investments position it for a robust attendance and revenue rebound by 2028. Aggressive cost optimization and merger synergies will drive EBITDA margin recovery, with management targeting 40% margin by 2028.