Stifel analyst Steve Wieczynski said in a flash note ahead of Six Flags' earnings call that investors waiting for a clearing event "got [their] wish this morning, and then some," calling the report - which included a dividend cut, significantly lowered financial outlook, a promise of a new strategic direction for the company, and a new CFO - a "massive one." While he does not believe the aforementioned items will work in the shares' favor in the near term and sees the stock trading sharply lower, as it has, Wieczynski is willing to give new CEO Mike Spanos an opportunity to implement a fresh strategic vision. He also believes "some type of an event-driven outcome" could occur in the event Spanos can't jump start the business, added the analyst, who keeps a Buy rating on Six Flags shares.