Heard On... Cedar Fair 3rd Quarter Call

Here's some things I picked up through the Cedar Fair 3rd Quarter Conference Call that was held today.

• 2006 saw a slight dip in revenues at Cedar Point, but 2007 had record revenues and operating profits - plus there was growth in out of park revenues at the resort.
• They are going to be marketing over 500 acres from Geauga Lake starting early 2008.
• They saw a larger than expected decrease in Season Pass visits at the former Paramount Parks as a result of the changes they made to their season pass systems.
• They've had no additional talks with the 49ers since they put out there release formally opposing the development in October.
• Geauga Lake's Wildwater Kingdom will been seen as a "division of Cedar Point," like the Soak City parks and Knott's Berry Farm in California.
• The rides being removed from Geauga and put in other parks are done so at 50 cents on the dollar, or basically half of what they would cost to put in new right now.
• Great America is definitely adding Geauga's Top Spin, and Cedar Point is definitely adding Geauga's kiddie rides.
• Cedar Point's new family area will use the stagnant former Berenstain Bear Country area, and be modeled after the kids areas at the former Paramount properties.
• The Jacket promotion worked some places for season pass sales, and not in others. They'll be having Christmas promotions next.
•The gate keeping system they gained from Paramount will spread to legacy parks this coming season.
• The new Platinum Pass is going over well at the legacy parks, especially Cedar Point.

As always Dick and the gang seem plenty confident that everything is okay. The investment community seems to feel otherwise though.

As for me, I'm still not sure.