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  "docSlug": "239b4bdd7d55",
  "documentTitle": "Six Flags Entertainment Corp. (SIX)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Land & Buildings",
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  "presentationDate": "2022-12-01 00:00:00",
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  "pageNumber": 24,
  "pageCount": 38,
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  "notes": "The slide uses a diagnostic approach to frame the 2022 performance as a self-inflicted error rather than a structural market failure.",
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      "kind": "callout",
      "text": "Mistakes were clearly made in 2022, but we see no evidence of permanent impairment to parks",
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      "text": "New Six Flags CEO Selim Bassoul hit a hard reset in 2022... SIX management/shareholders paid a significant 'tuition cost'... Attendance plunged as CEO executed on a 'premiumization' strategy... Current theme park peer (FUN/SEAS) results... The seasonal nature of the business...",
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      "text": "attendance: 39%",
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      "kind": "source-note",
      "text": "Source: Company filings",
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      "kind": "title",
      "text": "REPOSITIONING OF PARKS WAS TOO AGGRESSIVE",
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      "kind": "title",
      "text": "WHAT WENT WRONG IN 2022?",
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