Tesla, Six Flags and 9 Other Adventure Stocks Worth Investing In

Sometimes it's fun to spice up your investment portfolio with something more exciting than index funds and ETFs. Why not get truly adventurous and invest in companies that are in the business of fun?

You can invest in everything from ski resorts in Colorado to roller coasters in Orlando by purchasing shares of these stocks, which are both "adventurous" and potentially lucrative to investors. Many of these companies are on a big growth path, and though some have been battered recently, they may offer good value now.

Go and invest, and have fun!

1. Disney [NYSE: DIS]

When you buy shares of Disney, you're buying more than a stake in Disney World and Disneyland. You're getting part of a massive entertainment business that includes movie studios, television networks, and franchises including a little something called Star Wars. It's hard to argue against a 27% rise in share price over the last 52 weeks, after Disney's net income rose 22% to $7.5 billion in 2014.

2. Six Flags [NYSE: SIX]

No theme park operator in North America owns more attractions. With 18 parks, Six Flags is a moneymaking behemoth, generating $1.2 billion in revenue last year. Shares are up 26% in the last 52 weeks, and the company has a nice dividend yield of 4.5%. Not bad considering they exited bankruptcy in 2010.

3. GoPro [NYSE: GPRO]

Someone is cashing in off those crazy skiing and skateboarding trick videos. It's been a volatile first year for the action camera manufacturer after going public in the middle of 2014. Shares are down quite a bit from their all-time high back in October, but have risen sharply since hitting a low this past spring. Revenue in the second quarter rose to $419 million, a 72% increase. GoPro has been aggressive in introducing new products, including possible 3D and drone cameras, so investors should have a lot to be excited about.

4. Orbital ATK [NYSE: OA]

This is the company formed in February from the merger of Alliant Techsystems and Orbital Sciences. It's involved in all kinds of space-related work, including the development of rockets, satellites, commercial space flight, and defense electronics. The company got some bad publicity last year after the unmanned Antares rocket exploded shortly after liftoff, but share prices are now approaching $80 per share, just shy of their all time high set in March.

5. VF Corporation [NYSE: VFC]

This company owns many top clothing brands, including some that are synonymous with the outdoors. The North Face, Smartwool, and Timberland are easily recognizable to most hikers and climbers, and Reef is one of the top surfing brands. VF is a $12 billion company, and shares are now trading near their 52-week high.

6. Tesla [NASDAQ: TSLA]

This maker of high-end electric vehicles certainly gets a lot of buzz, along with its charismatic founder, Elon Musk. Shares have dipped this year, as investors have grown a bit impatient with a lack of profits. But this is a company that saw $955 million in revenue in the last quarter, a 25% increase year-over-year. Tesla has great brand recognition and a "cool" factor that can't be dismissed, and is on the cutting edge of battery technology and addressing some of the world's most pressing environmental problems. Expect some volatility with this stock, but patient investors should be rewarded over time.

7. Wolverine Worldwide [NYSE: WWW]

You may not be familiar with this parent company, but you know its brands — Stride Rite, Sperry, Keds, Saucony, and Merrell. Wolverine Worldwide reported record revenue of $630 million in the most recent quarter, which is good news for a company that's needed it. Last year, Wolverine said it would close about 140 stores by the end of 2015. Another 55 will close over the next five years as lease terms end. With its reorganization on track, now may be the time to buy.

8. Harley-Davidson [NYSE: HOG]

The popular motorcycle manufacturer hasn't had the easiest time in recent years, as the strong dollar has made overseas competitors more attractive. Sales dropped 1.4% in the last quarter compared to the same quarter a year ago, and net income dropped 15%. Shares are down about 9% this year, but don't be too hard on Harley-Davidson, as the company has a lot going for it. Its profit margins are good, and it consistently pays out increasing dividends, now offering a yield of more than 2.1%. Many analysts rate Harley-Davidson stock a "buy," and the company's shares may actually be undervalued at the moment.

9. Vail Resorts [NYSE: MTN]

We may not always be able to jump into the fresh powder whenever we want, but investing in this company gives us a little taste of winter adventure. Vail owns some of the top mountain resorts in North America, including Vail and Breckenridge in Colorado, and Park City Mountain Resort in Utah. In June, Vail closed on the sale of Perisher, the largest mountain resort in Australia. Shares are trading above $110, near a 52-week high, as the company reported third quarter revenues of $579 million, a 6.7% increase over the same period a year ago.

10. Black Diamond [NYSE: BDE]

Based in Salt Lake City, Black Diamond designs and makes many of the essential equipment used by climbers, mountain bikers, and other adventurous people. It just reported record sales of $35.1 million in the second quarter of 2015. It is projecting an 11% increase in sales in 2015. Now Black Diamond is considering a sale of the entire company, or separate sales involving the Black Diamond and POC brands. Such a sale could benefit shareholders, if a corporate buyer is willing to pay a premium.

11. International Speedway Corporation [NASDAQ: ISCA]

NASCAR fans can get in on the action with shares of this Daytona, Florida company, which owns many of the most popular racetracks and other entertainment facilities. Shares are up more than 7% in the last year, though recent quarterly figures have sent share prices down. ISCA reported revenue of $160.4 million for the most recent quarter, down from $190 million from the same period last year. Shares are trading at about $33 now, but Wall Street analysts think ISCA is due to rebound, setting price targets of more than $40.

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