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Intrawest going public in $100M IPO (Stratton, Snowshoe, Trembland, etc)
- Thread starter Nick
- Start date
gmcunni
Active member
if i buy a share do i get an owners discount at the mountain?
ASC all over again? Hope not. Good to see that IW is going public. Hope that their financial problems are over...they were on the brink not too far back.
4aprice
Well-known member
4aprice
Well-known member
You are correct. I did a quick keyword search on the S-1 and didn't notice it was listed in the "discontinued operations" section. Oh well. I'm pretty sure the board could have excluded my proposal from the proxy on the grounds of its being idiotic, however.
BenedictGomez
Well-known member
Wake me up when the Put options go online.
So they went public once in 1996; grew like crazy then crashed and burned.
They no longer have their most meaningful asset (Whistler) and their current biggest assets (Steamboat, Stratton, Tremblant & Snowshoe) are pretty much built out to the max those mountains can become.
tell me why anyone would buy a share in this company?
They no longer have their most meaningful asset (Whistler) and their current biggest assets (Steamboat, Stratton, Tremblant & Snowshoe) are pretty much built out to the max those mountains can become.
tell me why anyone would buy a share in this company?
prediction
This is the nail in the coffin for Intrawest within 3-5 years. Don't know what becomes of all the assets, but Stratton seems like a prime option for Vail Resorts to swoop in and grab to finally make some noise in the Northeast market.
This is the nail in the coffin for Intrawest within 3-5 years. Don't know what becomes of all the assets, but Stratton seems like a prime option for Vail Resorts to swoop in and grab to finally make some noise in the Northeast market.
Expand Stratton to more of the resort style atmosphere? Thatbseems to be the new trend that ski resorts should offer much more than skiing.
Sent from my SCH-I545 using AlpineZone mobile app
Sent from my SCH-I545 using AlpineZone mobile app
Not really sure how much more you can do at Stratton. It already is about as "resorty" as it gets in terms of New England ski areas. It has the largest base village of any New England ski resort. There is massive real estate development already on the mountain. A 27 hole golf course with probably the most popular golf school of any New England Ski Resort. Probably the biggest tennis program of any New England ski resort. Throw on top of that one of the busiest ski operations in the East and there just isn't much room for growth. It's pretty much maxed out.
I think investing in Intrawest as a publicly traded company would make a lot of sense if they controlled assets with room for major growth; say Revelstoke or something like that.
To me the IPO looks mostly like one last effort by the principal owners to secure a large payday. I could be totally wrong, but I just don't see any significant long term financial gains for someone buying shares.
Maybe they are planning to repurchase Mountain Creek and expanding it into neighboring Hidden Valley!
Maybe this is just corporate boilerplate, but the S-1 states "We intend to use the net proceeds to us from this offering for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets." It's not like there are prohibitions on their acquiring new lines of business.
