Investors should start a small position in amusement park operator Cedar Fair and buy more on a pullback, the 'Mad Money' host says.
"If you already own Cedar Fair, I'd stick with it," thehost said. "If you don't own it yet, hey, I recommend putting a small position on here, maybe waiting for a pullback ... and, who knows, maybe one day a takeover bid."
Six Flags' stock, however, is down nearly 15% since Cramer recommended Cedar Fair's equity in August. "Cedar Fair is a master limited partnership rather than an ordinary C-corp., which means they ... pay out the bulk of their earnings as dividends or distributions without getting hit with any corporate income tax. That's why it's so advantageous," he said. "If Six Flags really wants to buy Cedar Fair, they need to offer a much larger premium, and I don't think they can afford it.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Natalia Vodianova Hosts Pop-up Fabulous Fund Fair Dinner During FriezeThe model hosted a “fairies and elves”-themed charity dinner during the Frieze art fair.
Read more »
Congressman Jerry Nadler Rallies With Musicians For Fair Film And TV ContractHouse Judiciary Committee chairman Jerrold Nadler took time out from the ongoing impeachment inquiry of President Donald Trump today to address a musicians rally in New York City. The American Fede…
Read more »
West Elm, A Fair Trade Pioneer, Falls Short On 2020 Sustainability GoalThe home furnishings company wanted 40% of its products to be Fair Trade certified by 2020. It has a long way to go.
Read more »
When Her Kids Asked for an Allowance, This Mom Created a Job Fair for Them InsteadWhen her kids asked for an allowance, this mom created a job fair for them instead
Read more »
Trump's immigrant healthcare rule sounds fair, but could be a disasterOn the face of it, the new rule seems fair. But the costs and complexity of the U.S. medical system, paired with such vague instructions for consular officials, could be a recipe for disaster.
Read more »