world focus magazine The acquisition will require significant debt financing. However, the amusement park business generally has a very high free cash flow margin. Cedar Fairs existing properties are excellent generators of free cash flow. The company makes large cash distributions to unitholders; the current yield is somewhere around 6.85% (reminder: Cedar Fair is a Limited Partnership). world focus magazine subscription Returns on both assets and equity have generally been quite high. The deal is expected to close in the third quarter of 2006. Most analysts believe CBS will use the roughly $1 billion in after-tax proceeds to buy back shares. Over the last ten years, Cedar Fair has compounded its book value per share at an annual rate of 8.11% and earnings per share at an annual rate of 6.30%.world focus e magazine
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