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| railcars coming in the third quarter |
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[ 2009-12-26 11:47:00 | By: lmno207 ] |
It hasn't been all fun and games cheap mlb jerseys for Cedar Fair lately -- investors hammered shares after the amusement-park operator announced poor quarterly results and said it expects to suspend its dividend next year. The company has seen less business in the weak economy, similar to Disney’s (NYSE: DIS) theme parks division, but Cedar Fair doesn’t have an empire of movie hits and cable networks to offset the declines.
Although the company had more operating days in this year’s quarter compared with last, it still reported lower revenues and attendance, including lower group sales cheap true religion jeans and season pass sales. At this point, a lackluster 81% of the 392 CAPS members rating Cedar Fair expect it to outperform the market.
With no new orders for railcars coming in the third quarter, FreightCar America found itself in a tough situation. The company, which makes coal-carrying wholesale ED hardy T-shirt railcars for Warren Buffett’s new elephant -- Burlington Northern Santa Fe (NYSE: BNI) -- and other railway companies, reported a big drop in third-quarter railcar deliveries, with revenue that fell 77% from last year and net income that dropped 89% to $1.1 million.
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