SeaWorld’s stock sinks – is the writing on the (tank) wall?
By any definition, yesterday was a disastrous day for SeaWorld as their shares lost a THIRD of their value in a single day after the company announced its second quarter results.
In what has become known as the Blackfish Effect, the company acknowledged that recent media debate about its treatment of captive orcas has hurt attendance.
Shares in the company are now trading at half the value of 2014 highs and these terrible ‘mid-term’ results came with a warning that its full year revenue is also likely to fall.
