if you own SeaWorld stock (SEAS) in your 401k or IRA, sell it now while you still can. SeaWorld is going bankrupt. That's not an opinion, its fact. The calculation is simple. Its called a debt to equity ratio. That determines how likely a company is to declare bankruptcy. Google "healthy company debt to equity ratio" it will tell you 1 to 1.5. The higher the number, the more likely bankruptcy is. SeaWorld is now 265. That's not a typo. Its completely verifiable. Google "SeaWorld debt to equity ratio" its literally over 200 times higher than a normal healthy company. And its getting worse. The extra 500 million debt issued at 9% interest isn't even reflected yet. At over 2.6 billion in debt issued at high interest rates they can not get out of this hole. Once they finish burning through the 440 million they have left from the 500m just borrowed its game over.
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I don't think it's purposely trying to fool anyone, very easy to not look at the year of an article.
Anyone with some extra reading comprehension can clearly see his post states Sept 2019 in the reference.
The post below is purposely trying to fool the public. He cites a debt to equity of 6.95.
Thats correct, it WAS 6.95 in sept 2019. That same link shows the updated debt to equity of 220 this year. He conveniently left that part out. Remember, 1-1.5 is a healthy company. The higher the number the closer to bankruptcy.
https://www.macrotrends.net/stocks/charts/SEAS/seaworld-entertainment/debt-equity-ratio
I googled it as you mentioned, and that is not what I found? Here is what I found:
- 95
The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. SeaWorld Entertainment debt/equity for the three months ending September 30, 2019 was 6.95.
SeaWorld Entertainment Debt to Equity Ratio 2011-2019 | SEAS | M…
www.macrotrends.net/stocks/charts/SEAS/seaworld-entertainment/debt-equity-ratio
www.macrotrends.net/stocks/charts/SEAS/seaworld-entertainment/debt-equity-r…
Bought at $10 and sold a couple of months later at $21. Did similar trades with CCL and NCL wouldn't touch any of them now.
In any case, if you’re not savy about stocks and you hold this stock, sell it.
The bonds they put up are considered “junk bonds” and are not registered with the SEC (securities Exchange Commission) Meaning, they cannot be offered in the US markets. They did find investors to purchase the bonds but they were overseas investors.
You obviously didn't read the holdings of the target term date funds which over half of the employees held. SeaWorld stock was in there.
Kinda confused as to where the 401K info is coming from. Upon it's IPO our 401K was held with Mass Mutual and there was no employee stock buying option with that. if you wanted SEAS stock you just went out and bought it yourself.
I have 10 thousand shares shorted. Plus 100 PUT option contracts. The stock is junk, leadership is garbage, S.R is the worlds biggest worthless douchebag.
"if you own SeaWorld stock (SEAS) in your 401k"
Above is my exact quote. It only applies if you are a SeaWorld employee or Ex-employee and you bought SeaWorld stock in your 401k. Under one of the 401k plans they allowed employees to purchase SeaWorld stock in the 401k.
If SeaWorld stock ( the symbol is SEAS) goes through bankruptcy then all that stock becomes worthless and you lose all value in the stock.
Educate me. How does SW going bankrupt affect $$ that is in your 401k?