Interesting Daniel Snyder Article

[AsthmaField]

Shows what a Grade-A ******bag this guy really is.

--Clip from article--

The Commanders owner gained control of Six Flags by leading a stockholder coup. In October 2005, he addressed a letter, along with former ESPN executive Mark Shapiro and Commanders co-owner Dwight Schar, to "Fellow Stockholder." That letter, filed with the Securities and Exchange Commission, blasted the abilities of then-reigning board Chairman Kieran Burke and declared that folks would have "done better by hiding their money under a mattress" than investing in Six Flags under Burke. Snyder bragged that he, the owner of the "the most valuable [team] in U.S. sports," would make everybody richer. That pitch fired up the base enough to get Burke ousted and Snyder put in charge. As Snyder was putting his plan in place, and adding big names like Jack Kemp and Harvey Weinstein to his board of directors, Six Flags stock sold for $11.93 a share. Snyder controlled 10,921,300 shares at the time, according to SEC filings, making his Six Flags holdings worth more than $130 million.

But then the coaster started rolling downhill. As of last week's settlement, those shares are essentially worthless—SIXFQ was trading at 1.7 cents this morning, and it's trending toward zero.


Link: http://www.slate.com/id/2252716/

 

[jrumann59]

I guess its buy buy buy. If you buy 100 shares imagine the money you would have it it hits 1 dollar

 

[theebs]

there is no doubt the man is a clown.

He is like a spoiled kid who always promises to behave when he gets something new, then he just ruins that too.

that is why things are so happy up there now and he is running around saying he can sleep at night. Its all BS.

 

[Hoofbite]

Buy A Bajillion Shares Of Six Flagzzzz!!!!!

 

[Hoofbite]

I guess its buy buy buy. If you buy 100 shares imagine the money you would have it it hits 1 dollar

100 dollars?

 

[SaltwaterServr]

100 dollars?

Good to see someone else's math skills are as bad as mine.

I think the guy meant buy $100 worth of them at .017 a pop. When they would hit $1, they would be worth $5880 pretax.

 

[DallasCowboysRule!]

100 dollars?

But off of an investment of just over a dollar. It's worth it.

By the way, am I doing my math right that Snyder's shares are only worth 185K now?

 

[SaltwaterServr]

But off of an investment of just over a dollar. It's worth it.

By the way, am I doing my math right that Snyder's shares are only worth 185K now?

If he had held onto it. Probably bought a collar on them when things started to run downhill.