Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market -- Ignore unavailable to you. Want to Upgrade?

To: Kelly Igou who wrote (4401)	6/3/1999 3:00:00 PM
From: Tourist	Read Replies (1) \| Respond to of 4767

Is anyone aware of a conference call this Friday for promoters and PR people? Apparently not to the general public....

To: Kelly Igou who wrote (4401)	6/5/1999 4:26:00 AM
From: Toby Zidle	Read Replies (1) \| Respond to of 4767

You want to generate $5 profit per visitor at the Midland waterpark, Kelly? I don't know if this is reasonable. Let's look at Premier Parks (owner of numerous Six Flags facilities) as a guideline: biz.yahoo.com Figures are from Summer, 1998 quarter: Revenue from tickets: $222 MM (million) Revenue from concessions: $224 MM Total revenues: $446MM Operating expenses: $252 MM Income from operations: $194 MM Other expenses (debt service, etc.): $23 MM Income before income taxes: $171 MM Income tax expense: $70 MM Net income: $101 MM Profit Margin (computed, not in income statement): 101/446 = 22.6% ------------ For Waterpark, revenue per person required to yield $5 profit is 5/.226 = $22.12 A family of four will need to spend $88 per visit to generate $20 profit for the park. ------------ Now how will Waterpark differ from Six Flags? Positive: Less income tax burden. Negative: -- Lose significant economies of scale -- Smaller base to amortize fixed costs, debt payments, etc. -- Small population of Midland/Odessa compared to Six Flags metropolitan locations -- How many times a summer will YOU take your family for a few hours in the water at $88 a pop? ----------- My guess at profit per visitor: $1 - $2 ($2 maximum)