SeaWorld's ebitda,or operating cash flow,was down 14-16%,and attendance came in below estimates.This is an astounding decline,said CNBC analyst Jim Cramer.This is just an abberation.I've never seen a complete collapse of ebitda.
This thing is just in trouble.The CNN documentary on SeaWorld must have played a role.*
The CNN documentary "Blackfish" covers the killing of a trainer by an orca at the Orlando,Florida SeaWorld in 2010.California is considering legislation to ban orca shows at amusement parks following the shocking incident.The company said it believes attendance in the quarter was impacted by demand pressure related to media attention surrounding proposed legislation in the state of California.*
If you're self-employed,your deductibles are out of control,Cramer observed.The cost of health care in this country is soaring with the Affordable Care Act.It's going to cost too much to have a baby-something to think about.This is what the companies involved in health and human services for independent business organisations are telling me.I don't mean to be political.Deductibles are flying high.*
Walmart has cut its full year forecast,but Raymond James analyst Budd Bugatch isn't too concerned.I feel pretty good about the report,Mr.Bugatcher said.Sales were better than expected.I think the costs were about health care,and a little bit about the economy as well.The new US CEO will take over an operation that is a pretty good operation.Returning growth to the core will be a key objective of his.
In the electronics area,Walmart has just gone through a project reboot.Our outperform rating is that investors with a large portfolio should overweight the stock and pay attention to it.*
Greg Foran is the new Walmart US CEO,having previously headed the company's Asia division.In a conference call,he told analysts that being in stock,clean stores and the right price were among his priorities.