I mean, Cobras Curse and Mako are great additions I think..Why do you want him to be fired?
SeaWorld Entertainment Corporate News (Old Leadership Thread)
- Thread starter Brian G.
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I'd say he's made some good attractions taking into account the limitations he has budget wise. Antarctica is his only true failure, and most of it is amazing.
Probably a major reason for that is that it lacked a proper budget.
Cobra's Curse is great indeed, and Pantopia has grown on me as well.
I'm sure it was an order of "Do a Harry Potter type land" from execs....And then they handed him $3 and a Micheal's 50 percent off coupon
- Feb 15, 2012
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- Mar 10, 2016
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Such a happy day. I could not be happier. I have been waiting for this day for about two years now
I was extremely hopeful of what he could of done, following his previous work at Herschland, but that Manby and SWPR has taken a lot of great missteps. I would like for them to get back up from the issues, but that I just see them going further and further towards the path of bankruptcy.
Why does everyone keep talking about bankruptcy? The company is nowhere near it.
An interesting move, I thought they would've give him another year.
An interesting move, I thought they would've give him another year.
Years of bad management have caught up to them. Even a management change won't help much now since what they really need is an ownership change. They no longer have the financial means to turn the company around. All they can really do is tread water and hope someone purchases them.
Matt Ouimet left Cedar Fair last month. I wonder what he is doing now?
Matt Ouimet is good, but he doesn't walk on water.I don't think he could make a difference since the financials are too weak. ..Now, if some company with good financials, purchases all or part of SeaWorld, putting Matt Ouimet at the helm would be a wise move.
- Nov 30, 2015
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IAAPA is looking for a new President and CEO maybe Joel will end up there...
President and CEO job at International Association of Amusement Parks in Orlando, FL, powered by JobScore
As for who takes over at Sea World, Matt Ouimet would certainly be an interesting candidate.
I'm definitely very interested to see what happens with the parks over the next few years.
President and CEO job at International Association of Amusement Parks in Orlando, FL, powered by JobScore
As for who takes over at Sea World, Matt Ouimet would certainly be an interesting candidate.
I'm definitely very interested to see what happens with the parks over the next few years.
At most, I think SeaWorld can only be stabilized under its current financial situation.
The declines in attendance have affected all of their parks except SeaWorld San Antonio. That's a real problem given that their debt load is too high for them to really be able to compete in the Florida and California markets under their own finances. They've done a good job at investing in the parks with the budgets that they have..., but you'll have a new Universal park in Orlando soon, and you have massive Disney upgrades coming across the board. California is as competitive as ever between DL, USH, Six Flags, Knott's...
A regional group of parks that earns $60 per customer is where SeaWorld is, but that's not really going to work if they have to invest heavily in the parks at the same time.
They really need to consider a sale to a cash-rich corporate owner, or a restructuring like Six Flags went through around 2008 when they cut their debt load significantly from $2.8 billion to around $1 billion, which has allowed Six Flags to reinvest in their business and thrive over the past decade.
If SeaWorld was able to cut their debt load from $1.6 billion down to $600 million, they'd be able to reinvest over the long-term, especially as interest rates rise in the US. It's either that or a sale to a cash-rich corporate owner.
The declines in attendance have affected all of their parks except SeaWorld San Antonio. That's a real problem given that their debt load is too high for them to really be able to compete in the Florida and California markets under their own finances. They've done a good job at investing in the parks with the budgets that they have..., but you'll have a new Universal park in Orlando soon, and you have massive Disney upgrades coming across the board. California is as competitive as ever between DL, USH, Six Flags, Knott's...
A regional group of parks that earns $60 per customer is where SeaWorld is, but that's not really going to work if they have to invest heavily in the parks at the same time.
They really need to consider a sale to a cash-rich corporate owner, or a restructuring like Six Flags went through around 2008 when they cut their debt load significantly from $2.8 billion to around $1 billion, which has allowed Six Flags to reinvest in their business and thrive over the past decade.
If SeaWorld was able to cut their debt load from $1.6 billion down to $600 million, they'd be able to reinvest over the long-term, especially as interest rates rise in the US. It's either that or a sale to a cash-rich corporate owner.
- Feb 15, 2012
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SeaWorld was saddled with debt from the purchase from InBev. As such it is highly leveraged. If it’s debt to earnings reaches a point they would default on their debt and go bankrupt.
To suggest the company is nowhere near it is ignoring the facts.
- Aug 18, 2017
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I really, really hope Hulk isn’t the only B&M in FL come a few years. That’s kind of an extreme scenario, of course, but including the BGs, I’m not sure who would want to buy any of these parks (aside from SWSA) at this point.
If you look at it from a non managerial and purely numerical standpoint, you are correct that a bankrupt SeaWorld (whilst not likely) is a possibility worth considering.
However, in reality, there are so many things that management can do to avoid this scenario. Whether that be debt restructuring, more agressive operational cost savings etc, the list goes on. SeaWorld will not go bankrupt.
The only way SeaWorld will go bankrupt is if management just sit there and take no preventative action.
That's...not necessarily true.
Seaworld may take actions, sure, but that doesn't mean that there can't be negative effects done that may accelerate bankruptcy to occur. It's just more of a game of checks and balances as I would wager.
