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[November 12, 2012]
Shares of Six Flags Entertainment Rank the Highest in Terms of P/E Ratio in the Leisure Facilities Industry (SIX, TRK, CLUB, FUN, LTM)
Nov 12, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Leisure Facilities industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Six Flags Entertainment ranks highest with a a P/E ratio of 80.79. Speedway Motorsports is next with a a P/E ratio of 23.57. Town Sports International ranks third highest with a a P/E ratio of 23.19.
Cedar Fair follows with a a P/E ratio of 21.46, and Life Time Fitness rounds out the top five with a a P/E ratio of 18.92.
SmarTrend recommended that subscribers consider buying shares of Cedar Fair on June 13th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $27.53. Since that recommendation, shares of Cedar Fair have risen 29.4%. We continue to monitor Cedar Fair for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit
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