SKIS Peak Resort Stock Cheap and Nice Dividend

[catskills]

SKIS stock currently has a dividend of over 8%. I am thinking buy. Its low now because of all the warm weather. We all know that when the weather turns cold 10 days from now, places like Hunter and Mt Snow can cover their entire mountain in a few days. Buy low sell high. Just saying

 

[BenedictGomez]

I think it could definitely retrace closer to its' prior low & break sub-$6 given the continuation of the warmth & disintegration of much of their Christmas revenue, but in general I agree with you. From here an annual break-even less the dividend represents a fall to $5.77, which is 1¢ above SKIS prior low.

I dont like this company long-term due to the MASSIVE debt load & a few other things, but in the short-term I cannot imagine the management team of a new issue cutting the dividend, which would absolutely crush the stock (and they know this). If it breaks $6.00 I'll add to my position and keep pocketing the > 9% dividend.