Vaccine hopes are fueling these gains

Article Excerpt

CEDAR FAIR L.P. $39 is still a hold. The partnership (New York symbol FUN; Income Portfolio, Consumer sector; Units outstanding: 56.7 million; Market cap: $2.2 billion; Price-to-sales ratio: 5.4; Dividend suspended in June 2020; TSINetwork Rating: Average; www.cedarfair.com) owns 11 amusement parks and four water parks. It also operates hotels (2,300 rooms) and 600 luxury RV sites. The stock has jumped 190% from its March 2020 low of $13.45. That gain is mainly due to investor optimism that new COVID-19 vaccines will let the partnership re-open its parks in 2021. However, it will probably take another year or two before it can return to normal operations and resume distribution payments. Cedar Fair is a hold. hold…