Jon Quast

I like Six Flags as a customer, but I think this is a trap all day long.

You look at...

I mean, normally with these companies, at least you have a nice dividend, right, that you have.

And it's low growth and it's total returns kind of a thing.

You don't even have that with Six Flags right now.

So I think that it has a lot of things that it needs to do in order to just kind of execute on the strategy.

It combined with Cedar Fair, all the things that it's trying to do.

I think it has a lot to figure out.

So I'm saying trap here.

Yeah, I don't think that banks necessarily are the best indicator for what the consumer is feeling and what they're about to do.

Going back to Lou's point, just a couple of years ago, we were watching bank balances drop and credit card balances skyrocket at the same time.

So that was screaming, hey, consumers are running out of cash.

And you would think, logically, that's going to translate into

not as many vacations on cruise ships, or not as many premium purchases for these discretionary brands such as Yeti coolers or something like that.

What we saw was, the consumer was absolutely fine.

The consumer continued to spend money.

In fact, they spent more money than what we were expecting.

I think that banks paint a logical picture, but the consumer is not always logical.

We are emotional people, and that's just how it is.

This week, I'm looking at Toast.