ss20
Well-known member
Well, this doesn't sound good. Can't say this is a surprise.
http://www.newenglandskiindustry.com/viewstory.php?storyid=174
Peak Resorts to Attempt IPO Again
Wednesday, October 22, 2014, NewEnglandSkiIndustry.com
I'm no banker, but 175 million $ in the hole probably isn't a good thing I suppose.
http://www.newenglandskiindustry.com/viewstory.php?storyid=174
Peak Resorts to Attempt IPO Again
Wednesday, October 22, 2014, NewEnglandSkiIndustry.com
The pending event likely prompting the latest IPO attempt is a 10% interest only loan related to Mount Snow. $42.9 million is due on April 1, 2016.
According to the SEC Form S-1, Peak Resorts has $204 million in assets, $175 million in long term debt (most of it at 10% interest), and $3.5 million in stockholders' equity. The company reported 1.57 million skier visits and 182 thousand tubing visits in fiscal year 2014.
I'm no banker, but 175 million $ in the hole probably isn't a good thing I suppose.