Diamonds and Dogs

6/18/24

Cedar Fair (FUN) is having a good day up 6% after announcing the merger date of July 1st with Six Flags. The combined company will operate under the name Six Flags Entertainment with the same ticker of "FUN." Six Flags will also issue a special dividend of $1.53 per share for investors.

Lennar (LEN) trading lower following earnings. Earnings actually beat estimates, but the home builder beat by 22 cents as sales rose 9% year/year to $8.77 billion. However, third quarter guidance did not live up to expectations as higher interest rates are starting to hurt consumers.

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