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No. of Recommendations: 1
not so much fun anymore:

BS a mess
dividend gone
violation of convenants

I guess you could say they overextended themselves pretty badly and attendance is really feeling the recession. As a former investor in this company a long time ago (my last notes end in 2003 at $27), I find it quite depressing, but maybe suspending the dividend and focusing on debt repayment will be better in the long-run. Yet, there is some chatter on VIC that FUN could further violate some debt covenants and if that happens then interest rates on the debt may climb (speculation, but it makes for scary reading). Course, I didn't even know an MLP could suspend its distribution...
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