All valid points.
My quick take:
They held a dog and pony Investor day to try to oversell their efforts and generate positive buzz and the investors saw right thru and asked the pointed questions.
They are falling well short of the pre-merger synergy savings they touted as a reason for the merger.
Eliminating a bunch of rides and counting the reduced O&M savings as a synergy of the merger was called out.
Once you take the shine off the sell, they only have about $60M on hand, upcoming $350M in notes due, and carrying almost $6B in debt.
They need money and they need it fast. Stock price down over 30% this year.
With the dumpster fire of an Investor day, they feel a sense of urgency to act quick to try to gain investor confidence.
We are now seeing the knee-jerk reactions and direction changes based on whatever direction the wind is blowing the Six Flags over the HQ at Charlotte.
The media has latched on to the park head honcho terminations (or um retirements), but there are lots of other positions let go and at several levels below head honcho level that folks thought wouldn't get that deep. That is their story to tell, so I won't share how deep, but expect to see more cuts....just because you never heard about it or didn't know them doesn't mean they didn't provide tremendous value in your day at the park.
Buy your silver pass....