Six Flags is taking measures to prevent a hostile takeover

Interesting excerpt from the article:

Six Flags now has a market capitalization under $1 billion. To put that value into perspective, if you were to build 1,000 million-dollar homes on the land now occupied by Six Flags Magic Mountain, that residential development would be worth more than the entire Six Flags chain right now.

Middle-class tract homes now routinely sell for a million bucks each in the Los Angeles area, so this scenario isn't too far a stretch. It also illustrates the big problem for theme park fans should someone launch a hostile takeover of Six Flags. A new owner might not be looking to get into the theme park business. It could just target Six Flags for the real estate value of its park properties, selling off or scrapping rides as it clears the land for redevelopment.

Also, here is some additional perspective from The Motley Fool

/r/rollercoasters Thread Link - themeparkinsider.com