Investors searching for income should look no further than the amusement parks, Jim Cramer told viewers Monday night during his Mad Money program, where Six Flags Entertainment Corp. (SIX) pays 5.7% and rival Cedar Fair L.P. (FUN) pays a stellar 7.1%. But which is the better stock?
While investors may have given up on these names, both parks have been posting solid earnings that makes their bountiful dividend yields very attractive. Of the two, Cramer gave the edge to Cedar Fair, based on valuation and Six Flag's international exposure, which makes it less appealing than its domestic rival.
Grab some snacks at the concession booth and let's look at the charts and indicators as we stand in line for the next ride.