SeaWorld, as we know it today, is over. It’s only a matter of time. The company is finished. Here’s why.
1. The SeaWorld brand is now tarnished, at best. Toxic? Likely. The brand represents the torture of whales for an increasing population of concerned citizens. If you love whales (and who doesn’t), you don’t like SeaWorld.
2. Wall Street has turned on SeaWorld. The stock is down over the last year by 45% and $1.6 billion in market cap has evaporated. You can sometimes fight City Hall, but it’s nearly impossible to fight Wall Street. And Wall Street is done with SeaWorld.
With a spate of huge stories breaking in the past few weeks, you might not have caught the massive environmental crisis in northern Mexico that began earlier in August.
According to the Associated Press, local politicians claim that Grupo Mexico, a private mining company in Sonora with a troubling track record of hazardous waste violations in Mexico and the U.S., was slow to report a disastrous fault in its leaching ponds, which hold industrial acid used in the mining process. The spill released around 10 million gallons of acid into the Bacanuchi and Sonora Rivers.