Topic: Growth Stocks

CEDAR FAIR L.P. $25 – New York symbol FUN

CEDAR FAIR L.P. $25 (New York symbol FUN; Income Portfolio, Consumer sector; Units outstanding: 55.4 million; Market cap: $1.4 billion; Price-to-sales ratio: 1.4; Dividend yield: 6.4%; TSINetwork Rating: Average; www.cedarfair.com) had a record 23.4 million visitors at its amusement parks, water parks and hotels in 2011. That’s up 2.6% from 22.8 million in 2010.

As a result, the partnership estimates that its revenue increased 5.4% in 2011, to $1.03 billion from $977.6 million in 2010. Thanks to its improving outlook, the partnership expects to pay distributions of $1.60 a unit in 2012 (for a 6.4% yield). That’s up 60.0% from $1.00 in 2011.

Cedar Fair is a buy.

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