Huntah sold to Peak Resorts

[BenedictGomez]

I not a stock person person so I don't what this means.

The ski industry is a bit odd in that nobody really cares about your non in-season results, so that entire article is basically a bunch of wonky "meh" and the only people who will read it are equity analysts tweaking their financial models. The reason the stock has been hammered the last week or so is because of the weather. Management really tried to downplay that today saying (paraphrasing) "November to Christmas is always a weak time of year anyway, so while it's not optimal, it's not a big deal".

The only other interesting aspects I took from the call was that season pass sales volume is flat, but up in $$ on price increase (midwest weak, Mount Snow strong), and that even though they just bought Hunter, they're still looking to M&A in that "day-tripper" market.

 

[ScottySkis]

http://www.peakresorts.com/news-updates/page-449/
PASS UPGRADES AVAILABLE STARTING AT $299

Peak Resorts Announces Nor’Easter Season Passes Now Valid at Hunter Mountain, Pass Upgrades Available Starting at $299

Wildwood, MO (Dec. 14, 2015) – As a continuing effort to add value to its season passholders, Peak Resorts announced that all Nor’easter Season Passes will be welcomed at its newest acquisition Hunter Mountain, for the 2015/2016 winter season.

In addition, Hunter Mountain Gold Season Passholders will be able to upgrade their pass to the unlimited Peak Resorts Nor’easter Season Pass starting at $299.

 

[drjeff]

http://www.peakresorts.com/news-updates/page-449/
PASS UPGRADES AVAILABLE STARTING AT $299

Peak Resorts Announces Nor’Easter Season Passes Now Valid at Hunter Mountain, Pass Upgrades Available Starting at $299

Wildwood, MO (Dec. 14, 2015) – As a continuing effort to add value to its season passholders, Peak Resorts announced that all Nor’easter Season Passes will be welcomed at its newest acquisition Hunter Mountain, for the 2015/2016 winter season.

In addition, Hunter Mountain Gold Season Passholders will be able to upgrade their pass to the unlimited Peak Resorts Nor’easter Season Pass starting at $299.

Yup, and as of today, I can now say a phrase that I never thought I'd say (purely for geographic proximity reasons), "I have a season pass to Hunter!"

 

[BenedictGomez]

Yup, and as I today, I can now say a phrase that I never thought I'd say (purely for geographic proximity reasons), "I have a season pass to Hunter!"

On the bright side, if you do go to Hunter you might get the opportunity to ski Plattekill.

 

[andrec10]

So I see windham rented extra compressors to take advantage of this weekends cold stretch. Wonder if Hunter will, or even needs to with the new compressor.

 

[SIKSKIER]

They are going to need a lot of help.

 

[ScottySkis]

On the bright side, if you do go to Hunter you might get the opportunity to ski Plattekill.

Why would anyone want to go these 2 horrible hills.:grin:

On above pictures of Hunter give them a fee nights of freezing temperatures and they can get like25%/of terrain snow covered and open but up the management I think X mas week coming up yiu see them blasting away from tonight full force through the weekend.

 

[drjeff]

They are going to need a lot of help.

What I'm really worried about is that come December 26th, that there will be more ski areas that look something like this than with at least a contiguous white ribbon of death!!

 

[goldsbar]

Wow, not opening again until the 26th. Not for lack of trying. Tough year to make an acquisition!

 

[Funky_Catskills]

guns are on up top

 

[Creakyknees]

Photo?

Funky,

Could you post a photo of Hunters snowmaking from today. You know the typical photo from the area around Bear Creek.
I'm having Hunter withdrawarls.
Thanks

 

[catskills]

Good news Hunter WEB cams looking like Winter this morning 4 days before Christmas.
Bad news is Hunter may not be able to make snow again until after Christmas with rain in the forecast this week.

This is not good for the all the businesses in the Catskills that rely on cold and snow like hotels, restaurants, folks that plow snow and many more. It is going to be tough to pay the heating bills for many people here. If you can try to make it up and spend some dollars in the Catskills. El-nino is hurting the Catskills economy big time. Not good.

 

[RichT]

We're heading up no matter what!!

 

[RichT]

Windham and Bellaye are open and Hunter is not!! So here it starts, big corporations only looking after profits!

 

[andrec10]

Windham and Bellaye are open and Hunter is not!! So here it starts, big corporations only looking after profits!

I think its actually making sure they are open Xmas week. Between the @ain and the blow torch, if you leave the snow piled up and undisturbed, it lasts much longer. They will just push it out Friday night and we ski on Saturday...I can't say that Windham will look too good after the weather the next few days. And as you well know, I AM THE FIRST ONE TO COMPLAIN!

 

[drjeff]

Windham and Bellaye are open and Hunter is not!! So here it starts, big corporations only looking after profits!

Or just trying to save as much of the snow surface from any added traffic the next few days as the blowtorch arrives

 

[yeggous]

Get used to it? Welcome to the Peak Resorts regime.

They aren't afraid to spend money, but only when they see the return on investment. I'll credit them for being professional businessmen. Rest assured that all eyes are on Christmas week. They will do whatever they can to secure the revenue from that week. Mt Snow is open to help maintain Nor'Easter pass sales, and the shear volume there mean they're making money. Elsewhere both Crotched and Attitash remain closed to preserve snowpack for this weekend.

 

[Quietman]

Wildcat has also been open top to bottom longer than Killington, and they have no resort base(food and lodging) to support them, except for the resources at Attitash.

I'm still concerned that Crotched may not open this weekend. They blew for 2 days, but the wet bulb numbers were very marginal and the whales don't appear to be very large. They did their best, I'm hoping they got enough down.

 

[catskillman]

Windham and Bellaye are open and Hunter is not!! So here it starts, big corporations only looking after profits!

Totally incorrect!! The deal has not closed yet!! The Slutzky's take whatever $ is in the bank on the day of the closing. When they were open a couple of weeks ago they sold hardly any tickets. Why would anyone open when your expenses would exceed income??? Calm down. Let's wait to see what happens when the Big Corp actually owns the place...........

 

[yeggous]

Wildcat has also been open top to bottom longer than Killington, and they have no resort base(food and lodging) to support them, except for the resources at Attitash.

I'm still concerned that Crotched may not open this weekend. They blew for 2 days, but the wet bulb numbers were very marginal and the whales don't appear to be very large. They did their best, I'm hoping they got enough down.

Yes, the early and late season at Wildcat is part of the larger strategy. It seems as an incentive for the hardcore skier market to drive their core pass sales. Plus it allows them to focus both Attitash and Wildcat skiers at one mountain during the shoulder seasons. By closing Attitash during marginal weeks, they only need to run one lift and base lodge thus eliminating the expenses from two-base area at Attitash.