

Ep 431. Parks! America, Inc.: Failures in Capital Allocation, Corporate Governance, and Business Basics
Feb 13, 2024
The podcast discusses their investment in Parks America, their attraction to the company's profitability and small market cap, and their visits to the parks owned by the company. It also highlights issues with corporate governance and leadership change, attempts at constructive dialogue, the company's position and management structure, challenges and opportunities in the theme park industry, evaluating park performance, the importance of voting in the special election and shareholder meeting, and the assessment of the situation and incentives in the proxy battle.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 4min
Corporate governance and leadership change
03:32 • 10min
Attempts at Constructive Dialogue and Announcement of Special Meeting
13:03 • 2min
Company's Position and Management Structure
14:46 • 24min
Challenges and Opportunities in Theme Park Industry
38:17 • 23min
Evaluating the Performance and Future Prospects
01:01:31 • 28min
The Significance of Voting in the Special Election and Shareholder Meeting
01:29:26 • 2min
Assessment of the Situation and Incentives in the Proxy Battle
01:31:51 • 4min