Otten To Reportedly Buy Back Sugarloaf, Sunday River

[jerryg]

I can already tell this is going to be a "long summer" here ... stock market, gambling and so on ...

Yikes! I was at Heavenly earlier this year. Aside from a ton of skiing (and 8 feet of snow) I bought & sold some stocks and made a couple of trips to the casinos.

I'm clearly going to hell!

 

[ski_resort_observer]

yeah from what i understood, SKI (owners of k) wanted to dump sunday river and sold it to him for a song. he certainly turned a molehill into a mountain. since the river is pretty much fully built out, i guess he could (for better or worse) do the same for the loaf.

I think the Loaf is already pretty much built out. It has the most beds in the east at the base, 10,000.

interesting article from 1998
http://www.activetravels.com/article.../skimogul.html

A so called expert from the article referring to ASC's IPO:
"It's trading at a very large discount now, but we have a twelve-month price target of $26 per share and we expect ASC to grow at a faster pace than the other publicly traded skiing companies." Didn't quite work out.

 

[MadPadraic]

I can already tell this is going to be a "long summer" here ... stock market, gambling and so on ...

I know that I'm new here; this was my first season on the board. However, aren't you glad that there is a community willing to discuss (and pine for) NE skiing through the dog days of summer?

On top of that, aren't you glad that if they are going to argue about corporate governance and market theories it can be in the context of massive ski resorts in Maine?

I also want to add two things:

1) Hahahhaha Man U. three-nil hahah.
2) I will always Love Leveraged Buy Out, err Less Otten, because he was part of the ownership group that brought me the extraodinary experience of being harrased by the NYPD on October 27th, 2004. I saw it in my lifetime.

 

[ctenidae]

A so called expert from the article referring to ASC's IPO:
"It's trading at a very large discount now, but we have a twelve-month price target of $26 per share and we expect ASC to grow at a faster pace than the other publicly traded skiing companies." Didn't quite work out.

Heh- understatement of the day- Debuted at $18.12, was down to $6 in a year. The highest the stock has ever been was the day it opened.

 

[tcharron]

You think he got greedy? Or was it more a matter of having to have to answer to stock holders in a publicly traded company?

Correct me if I'm wrong, but he took the company public. He was there before that point. Generally, it seems that moocho profits from all of the other ski areas was used to pump up their 'flagship' ski area, in order to have a golden child ski area when it was public. Greed? Perhaps, perhaps not. Das Shaften for eastern ski areas? Yep.

 

[Greg]

I can already tell this is going to be a "long summer" here ... stock market, gambling and so on ...

I know that I'm new here; this was my first season on the board. However, aren't you glad that there is a community willing to discuss (and pine for) NE skiing through the dog days of summer?

Just wait until it's 90+ and humid outside. This place gets pretty interesting then... :lol: It actually starts to get busy again in July. May and June are the slowest months.

 

[tcharron]

To a degree I was...in general, I don't trust big business and powerful CEO's. Not even as far as I could throw them.

Look what Otten left behind when he bailed out on ASC.

How's that for a segue back on topic?

In hindsight, he left behind a company which was able to use it's resources to be debt free, have made cash, and be left with some pretty damned expensive ski resorts to continue operating. From a business situation, that isn't a bad thing.

 

[ctenidae]

Just wait until it's 90+ and humid outside. This place gets pretty interesting then... :lol: It actually starts to get busy again in July. May and June are the slowest months.

Not as much as before, with the politics ban, but net-net, it's a good thing.
Just wait until the flamewars over the best orthotics start. That's a good time!