Long Position on SEAS @ $64.50 on 4/11/2022 (Fundamentals)

SeaWorld Entertainment, Inc. (SEAS) operates as a theme park and entertainment company in the United States. Stockwinners

The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia.

It also operates water park attractions in Orlando, Florida; San Antonio, Texas; San Diego, California; Chula Vista, California; Tampa, Florida; and Williamsburg, Virginia.

In addition, the company operates a reservations-only theme park in Orlando, Florida and a park in Langhorne, Pennsylvania.

It operates a portfolio of twelve theme parks under the SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Water Country USA, Adventure Island, and Sesame Place brands. 

The Company reports May 26th. On February 24th, Seaworld Entertainment reported Quarter December 2021 earnings of $0.92 per share on revenue of $370.8 million. The consensus earnings estimate was $0.33 per share on revenue of $342.2 million. Revenue grew 140.7% on a year-over-year basis. 

Shares are heding higher in an upward trading channel. They are presently at the lower boundary of the said channel. Higher share prices are expected.

 

Entry Point: $64.50

Trading Range: $41.94 - $76.00

Stop Loss: $61.25

Target Price: $71.00

Updates

4/13/2022 12:35:13 PM

SEAS closed at $71.45

Position closed on 4/13/2022 at price of $71.45 with a 10.78% gain in 2 days.

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