Peak Resorts: The New ASC? - Page 14

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  1. #131
    Quote Originally Posted by snoseek View Post
    I'm kinda dumb about Economics but if shares are dropping is it normal to pay a dividend?
    The price of the shares have nothing to do with declaring a dividend. Profitability does. As far as I know, ASC never paid a dividend!

    GM continued to pay dividends when both their stock price and earnings were in the tank - and many banks who were losing billions during the meltdown, continued to pay symbolic dividends.

    All-in-all, I see it as a good sign.

  2. #132
    I guess this is how Vail Resorts enters the East Coast market...

  3. #133
    Holy crap, this thing actually made it to market?

    Another sure-fire sign that we're near the top. I moved partially to cash a few weeks ago. Don't even care if the market goes up all 2015. Also boosted a levered short position a little bit.
    President - Bicknell's Thrush Extermination Solutions (BTES), LLC



  4. #134
    BG's grumbling only makes me like Otten that much more. I was an ASC fanboy in HS and College

    "man you make it look so fluid"

  5. #135
    Quote Originally Posted by snoseek View Post
    I'm kinda dumb about Economics but if shares are dropping is it normal to pay a dividend?
    No. But in this particular instance? I definitely view it as unusual.

    I'm a little perplexed frankly, and I don't see any plausible argument on the "pro" side of this being an intelligent use of cash in their situation. My speculation is that Peak believes they need to offer the divident to lend a level of support to their stock, because frankly, they know it's not a great investment.
    President - Bicknell's Thrush Extermination Solutions (BTES), LLC



  6. #136

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    Quote Originally Posted by BenedictGomez View Post
    No. But in this particular instance? I definitely view it as unusual.

    I'm a little perplexed frankly, and I don't see any plausible argument on the "pro" side of this being an intelligent use of cash in their situation. My speculation is that Peak believes they need to offer the divident to lend a level of support to their stock, because frankly, they know it's not a great investment.
    This.


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  7. #137
    I for one REALLY don't want to see Peak Resorts fail. Think what you want about Mount Snow, but Peak has turned Wildcat around to a degree I never though possible this season, given it's early yet. I'm a huge fan of their success with Crotched too. I like the moves Stenger has made overall. He's investing in the industry, which until literally this summer, many owners had not been investing in as seen by the significant lack of lift upgrades from 2005 to 2013. I don't believe the successful resorts fifteen years from now are going to be the ones who sat still during the early 2000s.

  8. #138
    Though this news turn of events with Peak and the IPO has me worried... Hence the reason I'm on here wailing that I don't want to see Peak implode because it's looking decently probable right now

  9. #139

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    Quote Originally Posted by Higgl View Post
    Though this news turn of events with Peak and the IPO has me worried... Hence the reason I'm on here wailing that I don't want to see Peak implode because it's looking decently probable right now
    I hear you. The reason that I worry is the same reason that I love Crotched and Wildcat. They have great snow, fast lifts, and no crowds. Neither has lodging, fancy restaurants, or lots of retail. I just don't see how they make money. Actually I might believe that Crotched makes money given it's ability to bring in revenue from night skiing. Wildcat, on the other hand, I don't get. My only guess is that it is being operated as a loss leader to drive more business for Attitash. It gives Peak Resorts and an early and late season base of operations to help sell season passes and save having to operate Attitash with its higher overhead costs. It also provides a marketing advantage to differentiate Attitash over the competition, or at least it used to until the advent of the White Mountain Superpass.
    2016-2017: 79 days
    2015-2016: 54 days
    2014-2015: 63 days
    2013-2014: 68 days

    Quiver: 2014 Liberty Sequence (182 cm), 2014 K2 Rictor 82 XTi (177 cm), 2015 Nordica NRGY 100 (177 cm), 2016 Head Monster 88 (177 cm), 2017 Voelkl Racetiger SL (165 cm), 2017 Nordica Enforcer 93 (193 cm), 2017 Revision Subtraction (194 cm)

  10. #140
    Quote Originally Posted by yeggous View Post
    ... Actually I might believe that Crotched makes money given it's ability to bring in revenue from night skiing. ...
    While Crotched does an excellent night skiing business, Crotched has accessibility to major population centers. Greater Manchester/Nashua Metropolitan Area is over 500,000 people, Keene is nearby to the west and it's just over an hour for the northern MA suburbs. One of the largest mistakes of the pre-Peak Resorts Crotched Mountain was their push on real estate both on the East side and West sides. Peak Resorts recognizes that their business is skiing and not real estate development. ASC got into trouble when they stressed the real estate business and forgot (or sublimated) that they were in the skiing business.

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