Theme Parks Cash In on the Last Days of Summer
I spent the past few days checking on some of the theme parks in Southern California, and this follows spending most of last month in the niche's hotbed of Central Florida. Reports of the industry having a rough summer have been circulating for weeks, and with most of the operators being publicly traded companies -- with a lot riding on their gated attractions -- they are allegations that can't be taken lightly. Have theme parks lost their cool when the temperatures heat up?
Summer doesn't technically end for another six weeks, but we may as well be on the cusp of autumn for the theme park industry. Many kids in Florida and California will be returning to school in the next few days, putting an end to the peak travel season. I spent a day at Comcast's (NASDAQ: CMCSA) Universal Studios Hollywood, three days at Disney's (NYSE: DIS) original Disneyland resort, and another day at Cedar Fair's (NYSE: FUN) Knott's Berry Farm. All of those parks trim their operating hours starting next week, so they seem to think that summer's just about over. You're not here for a field trip report, so let's dig into how things look for the three stocks.
Image source: Disney.
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