Black Mountain, NH OPEN AGAIN more alive than ever

[urungus]

How do they justify $5000 co-op buy-in price which is more than twice Mad River Glens cost of $2000 ?

 

[Edd]

How do they justify $5000 co-op buy-in price which is more than twice Mad River Glens cost of $2000 ?

I wonder how the household net worth of the MWV vs MRV shakes out? Population numbers? Also, I presume far more snow would be made at Black vs MRG?

 

[Newpylong]

How do they justify $5000 co-op buy-in price which is more than twice Mad River Glens cost of $2000 ?

Higher cost of operation, longer ski season, etc.

 

[eatskisleep]

It’s not the price per share but the number of shares sold that counts, market Cap.

Yes I agree a weirder email. Not my fave from
Him.

 

[urungus]

It’s not the price per share but the number of shares sold that counts, market Cap.

From the perspective of the mountain and for a stock traded on the open market like Vail I agree with you. But from purchasers perspective with a coop, I would venture 90% of purchasers are going to buy a single share whether it is $2000 or $5000 and they don’t care much about what % of the ski area their one share represents. Asking more than twice MRG (the gold standard of ski coops with a long track history of successful operation) is going to deter a lot of potential buyers IMO.

 

[eatskisleep]

Yes good point. Are there any other co-ops besides MRG?

From the perspective of the mountain and for a stock traded on the open market like Vail I agree with you. But from purchasers perspective with a coop, I would venture 90% of purchasers are going to buy a single share whether it is $2000 or $5000 and they don’t care much about what % of the ski area their one share represents. Asking more than twice MRG (the gold standard of ski coops with a long track history of successful operation) is going to deter a lot of potential buyers IMO.