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Post# of 110671
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santafe2

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santafe2

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Thursday, 04/13/2023 9:46:37 PM

Thursday, April 13, 2023 9:46:37 PM

Post# of 110671
Due to recession concerns, Cedar Fair LP, (FUN), has dropped a bit over 10% in the last two months. It closed today at $42.40. This is a core investment for me and I'll be adding here. It's currently trading at ~12X 2023 earnings as they continue to pay down debt accumulated during the pandemic when they were shut down. The dividend is still low at 30 cents a quarter. Barring a new pandemic, I expect FUN to reach $60 a share in the next 2-3 years. A good amusement park is almost recession proof.

You never know who's swimming naked until the tide goes out - Warren Buffett

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