Could Intrawest be for sale????

[bvibert]

My tone was representative of the fact that I decided Rivercoil was an idiot long ago ...and saw he was at it again..as his comments questioning the legitimacy of this post (a post which was all laid out in black and white literally) were bordering on mentally retarded. One scratches ones head at stuff in the National Enquirer...but if the National Post was to be caught even miss-quoting someone.. their readership (most of whom are the actual people quoted in their stories) would vaporize. Sorry for supporting someone with an actual fact based post of great interest over someone merely spewing crap for the sake of adding a post to their tally? To you he is respected ..to me he is a moron. I don't hold that against you...but don't expect me to respect someone just because you tell me I should. Tone clarified.

There is absolutely no need for name calling here, if thats what you must do then please take it elsewhere. You're perfectly welcome to disagree with whomever and/or whatever you want here, just don't do it in such a manner that belittles.

BTW, riverc0il is one of the people here least likely to post just to add to his post tally.

 

[BeanoNYC]

"How to win friends and influence people" by LVNLARG

1) I believe you took Steve's comment about unsubstantied rumors out of context. It seemed to me that his post was joking about his skepticism.

2) I can be accused of posting drivel to boost post counts, but Riverc0il? Come on, the guy rarely posts anything that isn't well thought out.

3) I would never expect you to respect someone just because I told you to. But there is a difference between respecting someone and being respectful. If not for the intended recipient of the comments, but for everyone else reading.

 

[JimG.]

My tone was representative of the fact that I decided Rivercoil was an idiot long ago ...and saw he was at it again..as his comments questioning the legitimacy of this post (a post which was all laid out in black and white literally) were bordering on mentally retarded. One scratches ones head at stuff in the National Enquirer...but if the National Post was to be caught even miss-quoting someone.. their readership (most of whom are the actual people quoted in their stories) would vaporize. Sorry for supporting someone with an actual fact based post of great interest over someone merely spewing crap for the sake of adding a post to their tally? To you he is respected ..to me he is a moron. I don't hold that against you...but don't expect me to respect someone just because you tell me I should. Tone clarified.

Wow dude, you don't seem to get it.

You aren't the authority on everything you make yourself out to be. This mod has defended your right to speak freely, but I'm about done with that.

You've gone over the edge once again...look out for that ax.

 

[BeanoNYC]

Many Stories Today on the subject.

 

[ctenidae]

Jeebus, in the past 4 days, the value of Pirate's holding has jumped $27 million.
Intrawest stock is priced at a P/E of 22- seems about right for me, even though Vail (MTN) is at 60- way, way overpriced, I think.

Looks like IDR's directors and officers have been buying up some stock over the past couple months, too. We may have a proxy fight on our hands. Still have to see what Citigroup says. Kind of ahve to wonder what houssian's deal is- this isn't his first or only real estate deal (private Intracorp builds condos and retail/office buildings). One wonders if he's in it for teh long haul, ready to make a few bucks on an exit, or a stubborn old fart who's gonna fight Pirates because he can.

 

[ski_resort_observer]

This has been a continuing story since June when Pirate started buying large quanities of Intrawest stock. They now control almost 12%. The recent news splash bumped the stock pretty good so both Pirate and Intrawest benefits. Intrawest will not roll over. They are at a crossroads but selling the company is not one of their options.

They announced 2 days ago that it has initiated a review of strategic options available to the company for enhancing shareholder value, including, but not limited to, a capital structure review, strategic partnerships or business combinations. The company has retained Goldman, Sachs & Co. to assist in the review. There can be no assurance that the review will result in any specific strategic or financial transaction. Intrawest's strategic review is already underway, but no timetable has been set for its completion. (a paste/copy/edit entry).

BTW since I started tracking both Vail and Intrawest since April 20th they have gone up
37% and 64% respectively. Pirate is talking about a $42 price target. We will see.

Yes, the P/E for IDR is more favorable but Vail has more room to grow as they have bought an icon resort in Jackson Hole(the valley) and built an upscale hotel in Teton Village at the bottom of JHMR. Both have been solid performers in 2005, looking forward to 2006. The first quarter report should be interesting.