NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.

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Six Flags, Inc. (SIX)

Q1 2009 Earnings Call

May 8, 2009 8:30 pm ET

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Several consumer penny stocks are bouncing back.

Duke Energy (DUK), Walt Disney Co. (DIS), Starbucks (SBUX), United Parcel Service (UPS) and Six Flags Inc. (SIX) were covered in a Lee Allen Report today. To see the report, and read Lee's plan to...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Market-lagging returns could be written in these two stars.

In January I predicted (see Notable Bankruptcies of 2009: Q1) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009.[More...]

The second edition of  Fitch Ratings’ annual ‘Credit Encyclo-Media‘ report makes for some grim reading. As was the case last year, The Interpublic Group is only rated issuer with a “Positive” outlook .  All other companies  are either Stable or Negative: Diversified Media –CBS Corporation (’BBB’; Outlook Stable) –Cox Enterprises (’BBB’; Outlook Stable) –Discovery Communications LLC [...]

In January I predicted (see Notable Bankruptcies of 2009: Q1) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009. According to Bankruptcydata.com, there have been 156 “major” filings thus far in 2009. Assuming that bankruptcies are equally distributed throughout the year, this puts us on pace for 312 bankruptcies. That is tracking well shy of my prediction. In fact, bankruptcies were down significantly from Q1 to Q2, as there were 90 bankruptcies in the first quarter but only 66 in the second. That stylized fact begs the question: Is that a “green shoot”[More...]

If you frequent MSN, you’ve probably seen their attention-grabbing headline for 10 Companies That May Go Bankrupt This Year. If you haven’t yet read it, that really doesn’t matter much since it doesn’t offer many surprises. GM (NYSE: GM) made the list - obviously, since the automaker’s potential bankruptcy has made news for months now - as did Blockbuster (NYSE: BBI), which really has little to do with the flagging economy and more to do with progress and a little company called Netflix Inc. (Nasdaq: <a href="http://www.google.com/finance?q=NASDAQ%3ANFLX"[More...]

Six Flags (NYSE:SIX) ain't what it used to be.  I started following the soon to be doomed park operator after a trip there last year. After a recent Hershey Park vacation, I am even more convinced they are done...

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Schaeffer's Laura Houser takes a look at activity on the Street ahead of the market open

Investtalk Talking Points: "High Hopes Abound for High Tech".
~ Today's Stocks & Topics: (URI) United Rentals Inc, (HXM) Desarrolladora Homex S A De Cv, (SIX) Six Flags Inc, (USG) USG Corporation, (GT) The Goodyear Tire & Rubber Company, investtalk.com, Sectors, (MEE) Massey Energy Company, 401K.