You are right, each of the businesses are likely to be successful, but I think they would perform better if they had dedicated management teams, as opposed to having to compete for expansion and development capital.
ie. Does Ardent continue with the main event rollout and upgrade of existing sites, or do they put their money into new rides at DW, or expanding Kingpin. The answer is yes to all of these options but when each of these businesses is part of Ardent they are competing for limited funding to get approval to proceed. If they were sold off and run by independent dedicated management they should peform better than being part of a conglomerate of competing businesses, with a costly overhead structure
AAD Price at posting:
$2.08 Sentiment: Buy Disclosure: Held
