Cedar Fair LP (FUN)

Cedar Fair, L.P. owns and operates amusement and water parks primarily in the United States. The company owns 11 amusement parks, including Cedar Point located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada’s Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan’s Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott’s Berry Farm located near Los Angeles in Buena Park, California; and California’s Great America located in Santa Clara, California. It also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio; six separate-gated outdoor water parks; and five hotels. Cedar Fair Management, Inc. operates as a general partner of the company. Cedar Fair, L.P. was founded in 1983 and is based in Sandusky, Ohio.

For the nine months ended 30 September 2006, Cedar Fair, L.P's revenues increased 45% to $711.5M. Net income decreased 26% to $117.5M. Revenues reflect an increase in income from admissions, higher sale from food, merchandise & games and increased accomodation & other sales. Net income was offset by higher depreciation & amortization charge, an increase in interest expense and the presence of early extinguishment of debt.