Six Flags Is Having China Problems Ahead of Its Q4 2019 Report
Just a few weeks after I called it a compelling dividend stock, Six Flags (NYSE: SIX) is making a (lower-case) fool of me. Shares are down over 12% to kick off 2020 after the company issued warnings regarding its upcoming fourth quarter 2019 report. Specifically, its development partner in China is not faring so well, and business here in the U.S. is expected to decline from fourth-quarter numbers a year ago.
More details will be forthcoming, but suddenly Six Flags' dividend doesn't look as solid as it was before.
Image source: Six Flags.
Source Fool.com
