Jana Partners Bets $92M on Six Flags: A Dostoevskian Tale of Redemption?

Consider the numbers: a stock price collapsed 69% in a year, a market capitalization of $1.48 billion against a debt mountain. Once, at $50 per share, Six Flags danced with euphoria; now, it shivers in the shadow of its own ambitions. The acquisition of Cedar Fair-a Sisyphean merger-unleashed a cascade of woes: synergies delayed, costs bloated, weather unkind. The shareholders, like Dostoevsky’s Underground Man, gnash their teeth at the absurdity of misfortune.



