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.

 

[letitsnow1]

I never knew drinking champagne at a ski mountain was a thing, it would probably be my last choice. Champagne is for weddings and new years. And that was definitely a weird email

 

[bigbob]

How many years has it been since MRG sold shares? How much inflation since then?

 

[cdskier]

How many years has it been since MRG sold shares? How much inflation since then?

They just hit their by-law capacity of 2500 shares this past October. They were still selling them for $2K at that point (and you can join the waitlist now for that same price if you want to buy one).

 

[Smellytele]

They just hit their by-law capacity of 2500 shares this past October. They were still selling them for $2K at that point (and you can join the waitlist now for that same price if you want to buy one).

With that share do you need to also spend a certain amount at the mtn?

 

[cdskier]

With that share do you need to also spend a certain amount at the mtn?

Yes, $200. And that can be applied to season passes, tickets, food, lessons, etc. So if you ski there, it really is nothing you weren't already spending.

 

[eatskisleep]

Do you get perks for being a shareholder?

 

[cdskier]

Do you get perks for being a shareholder?

Shareholder benefits include the following:

• Discounted (~15%) season passes and day tickets.
• Access to season passes after they have sold out.
• Access to 2 day tickets each day that the mountain is open, at the Shareholder rate, even when the mountain is sold out for the day.
• 10% Discount in the General Store.
• Voting Privileges at Annual Shareholders Meetings.

(You guys do know that MRG has a website, right? )

 

[ColdRain&Snow]

I never knew drinking champagne at a ski mountain was a thing, it would probably be my last choice. Champagne is for weddings and new years. And that was definitely a weird email

I’m shocked Stratton isn’t all over this. I just saw Matt Jones speak at our hoa annual meeting, champagne never came up

And they only served us beer and wine

 

[machski]

I never knew drinking champagne at a ski mountain was a thing, it would probably be my last choice. Champagne is for weddings and new years. And that was definitely a weird email

You should try the Cloud 9 cabin at Aspen Highlands then. It's not just the elevation at that restaurant that's sky high, the Champagne is as well. And a ton of it flows up there.

 

[cdskier]

Champagne should absolutely be drunk more than just at weddings and New Years... Especially since the stuff served at weddings is usually complete crap...