Wednesday, February 6, 2008

Cedar Fair Distribution News

Cedar Fair just announced that they are raising their annual distribution rate for the 21st year in a row. It's only 2 cents a unit over the course of a year, but the fact that they raised the distribution when so many people are yelling that the company doesn't have the money to even pay the distribution is significant.

The timing of this, like so many Cedar Fair press releases recently is iffy though, as they are annoncing their 2007 results tomorrow.

Softening the blow a little perhaps? Maybe the CEO and some executives will even buy a bunch of units today ... ya never know.