Sunday, July 02, 2006

SIX FLAGS Shares Drop Sharply

(From The Associated Press/ABC News)

Investors in SIX FLAGS INC. shaved off a quarter of its share value after the company said it may be in trouble with debt and could sell six theme parks, prompting credit rating agencies to issue downgrades.

The chief executive, MARK SHAPIRO, announced in a conference call after the market closed on Thursday that the company no longer expected to meet its earnings guidance and that revenue and attendance were lower.

Six Flags Shares Drop Sharply

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