Vail considering cutting back on announced improvements- beginning of the end for VR? - Page 3

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  1. #21
    Quote Originally Posted by Tonyr View Post
    I'd highly doubt they'd try and sell ski resorts in this type of environment. It's a desperate move that would return pennies on the dollar, shareholders would not be happy. Vail is the largest publicly traded ski company in the world, they are more likely to buy a depressed ski area at a give away price than to sell one that way.
    I'm not so sure. Selling off small handful of under-performing resorts to generate cashflow would look better in the eyes of the stockholder's, JMO. I think that cancelling ALL improvements is more of a red flag.

    2019-2020 59 days and holding...
    Thunder Ridge: 12/7, 12/8, 12/21, 12/26, 12/27, 12/28, 12/29, 12/31, 1/4, 1/5, 1/11, 1/17, 1/18, 1/19, 1/26, 2/1, 2/2, 2/8, 2/9, 2/15, 2/16, 2/20, 2/21, 2/22, 2/23, 3/7, 3/8
    Killington: 11/15, 12/16, 12/17, 12/18, 12/19, 12/20, 12/23, 1/3, 1/30, 1/31, 2/13, 2/27, 3/12
    Mount Snow: 11/27, 12/2, 12/24 Sunday River: 1/8, 1/9, 1/10 Greek Peak: 1/13, 1/14 Jiminy Peak: 12/6 Catamount: 12/13, 3/5 Pico: 12/19, 2/28 Mohawk: 12/27 Burke: 1/1 Ragged: 1/2 Wildcat: 1/6 Cannon: 1/7 Jay Peak: 1/23 Mad River Glen: 1/24 Magic: 2/14
    "Skiing is the closest you'll get to flying without leaving the ground." -snowmonster

  2. #22
    Quote Originally Posted by spring_mountain_high View Post
    direct from a finance office employee: jack frost makes the most money out of all the former peaks resorts
    That's surprising since it never seems that crowded.

  3. #23
    Quote Originally Posted by ss20 View Post
    I'm not so sure. Selling off small handful of under-performing resorts to generate cashflow would look better in the eyes of the stockholder's, JMO. I think that cancelling ALL improvements is more of a red flag.
    Vail is canceling 80 to 85 mill worth of improvements out of the roughly 200 mill they planned on doing for next season. Their biggest savings is going to come from suspending 2 quarters of dividends which will net them 140 mill. That's a much easier financial solution than selling assets in a depressed market.

  4. #24
    Quote Originally Posted by ss20 View Post
    I'm not so sure. Selling off small handful of under-performing resorts to generate cashflow would look better in the eyes of the stockholder's, JMO. I think that cancelling ALL improvements is more of a red flag.
    good luck finding a buyer....

    Sent from my XT1635-01 using AlpineZone mobile app

  5. #25
    Quote Originally Posted by spring_mountain_high View Post
    direct from a finance office employee: jack frost makes the most money out of all the former peaks resorts
    More than Mt. Snow? I find that hard to believe. JF does not have night skiing so that eliminates the profitable weeknight school groups that Whitetail, Roundtop, and Liberty get.

  6. #26
    yeah seems odd to me as well but as I said previously on AZ Liberty, Roundtop, and Whitetail make a lot more money than most people in the northeast think. Peaks bought them for $75 million. Its not like these are rope tow places. All 3 have highly successful year round business models. Roundtop hosts summer camps and they are like $400/kid/week. They usually sell out and those are the cheap ones! Whitetail and Liberty have golf courses which are some of the only courses in their respective areas and due rather well.
    2019-2020


    Ski Visits in PA 38
    Ski Visits in VT 6
    Ski Visits in CO 4

    Total Ski Visits 48

    Ski Roundtop
    11/16, 11/17, 11/23, 12/20 (LR), 12/21, 12/22, 12/23, 12/26 (LR), 12/27 (LR), 12/28, 12/30 (LR), 12/31 (LR), 1/2 (LR), 1/3 (LR), 1/5, 1/17 (LR), 1/18, 1/20, 1/24 (LR), 1/26, 2/1, 2/2, 2/3, 2/14 (LR), 2/15, 2/16, 2/28 (LR), 2/29, 3/1, 3/2 (LR), 3/5 (LR), 3/6 (LR), 3/7, 3/8, 3/13 (LR), 3/14
    Breckenridge 1/9,1/10
    Keystone 1/11
    Arapahoe Basin 1/12
    Montage Mountain 1/27, 1/28
    Stowe 2/7, 2/8, 2/9
    Killington 2/22
    Okemo 2/23, 2/24

    LR=Lunch Runs

  7. #27
    Quote Originally Posted by ss20 View Post
    I'm not so sure. Selling off small handful of under-performing resorts to generate cashflow would look better in the eyes of the stockholder's, JMO. I think that cancelling ALL improvements is more of a red flag.
    Cancelling improvements is a short term solution to a short term problem.

    Selling properties is a long term solution to a short term problem.

    The latter is a more extreme measure - especially when you consider it is impossible to know how much construction work can even get done this year. The latter should make investors more nervous.
    Ski season is always too short

  8. #28
    I'm likely going to cave and get an epic next season. I guess we get the joy of that summit triple another season aaaay!

  9. #29
    Quote Originally Posted by spring_mountain_high View Post
    direct from a finance office employee: jack frost makes the most money out of all the former peaks resorts
    Quote Originally Posted by jaytrem View Post
    That's surprising since it never seems that crowded.
    That does not seem even remotely possible.
    I went there three times last season, a few time the year before and many times three years ago when I had the Peaks Pass. The place was never overly crowded and rarely ever had a lift line, if they did it was no longer than a few minutes, except on holiday weekend. I plan to buy an Epic pass this year and will use it at Frost a few times because it's only 15 minutes from my home, but will spend most of my time in Vermont.

  10. #30
    Never been to Jack Frost, but looking at peak resorts 10 k, Jack frosts does very well for skier visits, so yes it’s probably true

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