Non-Disney Theme Parks
Topic: Headlines: OrSen: Universal theme parks reports weak attendance in third quarter

#	Author	Message
1	AutoPost Mon 10/19/2009 4:00p	This topic is for Discussion of the headline: Headlines: OrSen: Universal theme parks reports weak attendance in third quarter General Electric, whose theme parks include Universal Orlando, said it has offset attendance declines with cost cuts
2	Jim in Merced CA Mon 10/19/2009 4:00p	Theme park attendance is weak. Well...duh.
3	Sport Goofy Mon 10/19/2009 4:59p	Universal's main problem is that they have a $500M note due next spring and it's uncertain how they plan to refinance. I expect that there will be a creative way to package up all the debt in a new theme park IPO to shareholders before then. The new company would include the Busch parks recently bought by Blackstone, which has a large stake in Universal Orlando. If that business transaction takes place, investors beware of a company that will be loaded up with debt and very little free cash flow to make up the difference.
4	WilliamK99 Mon 10/19/2009 5:08p	They are putting all their eggs into the Harry Potter basket.... If this risk doesn't pay off, I can imagine Universal being in deep doo doo...
5	Sport Goofy Mon 10/19/2009 5:09p	^^ While Harry Potter-land opens next spring, the main attraction is still a year away. They have four more quarters and a serious debt restructuring to contend with before HP has any opportunity to save the day.

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