New majority owner of Peak Resorts - Page 16

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  1. #151
    ThinkSnow's Avatar
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    Quote Originally Posted by BenedictGomez View Post
    No; it's a stereotypically insipid millennial thing.
    Well stated.
    Sugarbush skier since 1985.........Think Snow!

  2. #152
    Quote Originally Posted by cdskier View Post
    How exactly does a public company keep things that are publicly available as part of their SEC filings under the radar? The information was out there for anyone that bothered to look. The problem is that no one cared to look until someone in the media did the research and wrote a story about it. And yes, they purchased their initial 7% ownership stake back in 2015 that qualified them as "beneficial owners". And their name was in black and white in the SEC filing regarding "Statement of acquisition of beneficial ownership by individuals".
    How many passholders do you really think look at SEC filings? Maybe .005%? This is news that they would have preferred to have stayed out of the light. If not for the media story it would have stayed out of the light and we wouldn't have 8 pages of discussion on it. Just because something is publicly available does not make it publicly known.


  3. #153
    Quote Originally Posted by skiur View Post
    How many passholders do you really think look at SEC filings? Maybe .005%? This is news that they would have preferred to have stayed out of the light. If not for the media story it would have stayed out of the light and we wouldn't have 8 pages of discussion on it. Just because something is publicly available does not make it publicly known.
    I agree with much of what you're saying. What I don't agree with is that they had to "try hard" to hide it. How many companies regularly issue press releases every time there's a stock transaction resulting in someone becoming a beneficial owner? So Peaks did nothing different than most other companies (that's my point). That people are too lazy to research a company and their ownership is not Peak's fault. That's a general problem with society. We don't care until someone else tells us to care. Ignorance is bliss!

  4. #154
    Quote Originally Posted by cdskier View Post
    I agree with much of what you're saying. What I don't agree with is that they had to "try hard" to hide it. How many companies regularly issue press releases every time there's a stock transaction resulting in someone becoming a beneficial owner? So Peaks did nothing different than most other companies (that's my point). That people are too lazy to research a company and their ownership is not Peak's fault. That's a general problem with society. We don't care until someone else tells us to care. Ignorance is bliss!
    Honestly it seems like most publicly traded companies don't make any comments about who their investors are. Much more likely it seems for an investor, especially a large investor to comment, often via business trade avenues, about them acquiring or selling a significant stake in a company if they so choose. Right? Wrong? That's fully open for debate...
    '07--08 season: 51 Days, '08-'09 season: 55 Days, '09-'10 season: 41 Days, '10-'11 season: 49 days, '11-'12 season: 40 Days '12-'13 season: 57 days, '13-'14 season, 60 days '14-'15 season 60 days, '15-'16 season 52 days, '16-'17 season: 50 days, '17-'18 season 52 days, '18-'19 season 45 days '07-'19 seasons: 612 Days

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  5. #155
    I feel like if I was back there my greediness would win over my ethics. In a perfect world this company folds or gets out of nh...because they completely suck in nh. If I knew I could make an impact with that as a result I would jump in for a years or two....other than that wildcat is such a good hill to pass up

  6. #156
    Quote Originally Posted by snoseek View Post
    I feel like if I was back there my greediness would win over my ethics. In a perfect world this company folds or gets out of nh...because they completely suck in nh. If I knew I could make an impact with that as a result I would jump in for a years or two....other than that wildcat is such a good hill to pass up
    They suck company wide. They don’t know how to run a company and business. They are in debt like crazy. No wonder they are letting such a black marked company come in and invest. I give them 2 years before fire sale and going under.

  7. #157
    Quote Originally Posted by snoseek View Post
    because they completely suck in nh.
    Not an accurate statement, important to remember that crotched was defunct for over a decade with no hope of revival before peaks came to town. Today it has the best night skiing operation in northern New England and more importantly it is an excellent conduit for new skiers to fall in love with the sport. It offers cheap, local access for college students and excellent kids programs.

    I agree attitash is an absolute disaster but wildcat is a special place and they have been a decent steward. Wildcat pre-peaks never made snow like they do today. I also agree that it is starting to feel like asc - end of days, just hope whoever picks up the pieces has the resources and commitment to keep the crotch and cat going, the sport needs both. As for attitash, I have no idea.
    The true happiness of a man can be found in the mastery of his passions.

  8. #158
    Quote Originally Posted by thebigo View Post
    Not an accurate statement, important to remember that crotched was defunct for over a decade with no hope of revival before peaks came to town. Today it has the best night skiing operation in northern New England and more importantly it is an excellent conduit for new skiers to fall in love with the sport. It offers cheap, local access for college students and excellent kids programs.
    They invested a lot to rebuild Crotched from the ground up, and then spent the bucks to upgrade with the rocket which makes all the difference. I saw a lot more young families with kids using day passes this season vs previous years, and most of the kids were smiling and happy. Also, lots more lesson sessions this season. Agree that they need to decide how to deal with Attitash, but the other mountains seem to be doing pretty well.

  9. #159
    Does Peak publish an income statement broken down by ski area?

    I'd be interested in reading what the total revenue and profit margin is by each individual area.

    Sent from my XT1635-01 using AlpineZone mobile app

  10. #160
    Quote Originally Posted by deadheadskier View Post
    Does Peak publish an income statement broken down by ski area?
    I recall reading the initial filing, and I believe it did at the time as I remember realizing that Mount Snow was largely the cash cow. I also remember thinking their debt level was staggering, and then they bought Hunter.
    President - Bicknell's Thrush Extermination Solutions (BTES), LLC



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