Is SeaWorld Stock About to Take a Dive?
After what was essentially a lost 2020, there's a lot of hope for national theme parks and regional amusement parks heading into this summer season. SeaWorld Entertainment (NYSE: SEAS) and its peers are at their best when schools are out, and with most of us having no choice but to forgo last year's summer getaways, it's going to be a strong summer for the industry if the COVID-19 crisis keeps fading in the rearview mirror.
With the economy roaring back, it may seem like a great time to buy into SeaWorld, but has the mother of all recoveries already been discounted? The stock is within a sardine's throw of the all-time high it hit four weeks ago. A pair of analysts jacked up their price targets earlier this month after a better-than-expected quarterly report. What if everybody threw a SeaWorld appreciation party but its fundamentals didn't show up? Let's look at why the operator of its namesake theme parks as well as Busch Gardens, Sesame Place, and a handful of water parks could be taking on water.
Image source: SeaWorld Entertainment.
Source Fool.com
