VAIL SUCKS

[ss20]

Me too, but these people aren't wired like you or I. I've met a few dozen CEOs of publicly traded healthcare companies, all millionaires, some billionaires, and they will work until the day they die. For many it's all they care about. The term "workaholic" is a real thing. Whereas most here would prefer a day hiking, biking, swimming, or skiing, they generally seem most content when working. I think it's kind of sad frankly, but then, I'm thinking of it from my perception. I do sometimes wonder if any of them wake up one day and realize they're 65 years old & regret working 7 days a week through their youth, but then, that's how they got to a position where they have $476 million in the bank.

Ehhhh....I can see it. I've worked my fair share of 7-day, 70 hour weeks in the service industry. It's addictive at the low-levels I'm sure it's addictive at the upper-levels too.

As of now, I have no intentions on ever stopping work completely. I'd love to semi-retire in my 40s or early 50s and have a 20 hour work week on my terms for the remainder of my days with good health. I couldn't imagine not working indefinitely.

 

[Newpylong]

IMHO The chickens will come to roost for Vail Resorts, eventually. Just not sure how... through a mediocre product they've certainly helped other mountains by sending long time single mountain passholders elsewhere.

 

[KustyTheKlown]

i really dont think they are going anywhere. they are walmart and people shop at Walmart to their home towns' detriment. the strong independent players who cater to a different market will survive, but its pretty silly in my opinion to really think vail mega resorts corp is on the verge of collapse or anything resembling such.

 

[abc]

i really dont think they are going anywhere. they are walmart and people shop at Walmart to their home towns' detriment. the strong independent players who cater to a different market will survive, but its pretty silly in my opinion to really think vail mega resorts corp is on the verge of collapse or anything resembling such.

The megapass phenomena is only at the beginning! So it'll run for quite a while.

But just look at where Sears ended up. Who's to say Walmart will last?

If nothing else, climate change is going to change the industry just as much, if not more, than the Vail marketing.

 

[Razor]

Ehhhh....I can see it. I've worked my fair share of 7-day, 70 hour weeks in the service industry. It's addictive at the low-levels I'm sure it's addictive at the upper-levels too.

As of now, I have no intentions on ever stopping work completely. I'd love to semi-retire in my 40s or early 50s and have a 20 hour work week on my terms for the remainder of my days with good health. I couldn't imagine not working indefinitely.

I was a high school teacher for many years until I retired. I never worked in the summer by choice. At a college reunion years ago I ran into an old buddy who owns one of the biggest construction companies in the USA. I was telling him about the cross country camping trip we took that summer with our 2 young sons for 2 months. He said that he'd give anything to be able to do that, but that he could never get away from work long enough. We all make our choices of how we'll live our lives.

 

[abc]

He said that he'd give anything...

That "anything" doesn't include his business.

Let's hope he enjoys it more than camping trip in the summer...

 

[dblskifanatic]

want to have some fun look up any publically traded company and see what some of the top salaries are

this is for Vail

Vail Resorts (NYSE:MTN) - Stock Price, News & Analysis - Simply Wall St

Research Vail Resorts' (NYSE:MTN) stock price, latest news & stock analysis. Find everything from its Valuation, Future Growth, Past Performance and more.

simplywall.st

 

[thebigo]

FYI - An official offer to buy the Cat has been made by a couple locals.
Reply requested in writing by Aug 15

We have reached the deadline, any update?

 

[BenedictGomez]

i really dont think they are going anywhere. they are walmart and people shop at Walmart to their home towns' detriment. the strong independent players who cater to a different market will survive, but its pretty silly in my opinion to really think vail mega resorts corp is on the verge of collapse or anything resembling such.

Dont think of it as "collapse" or bankruptcy & they go away, Vail's demise will not be like that at all & the company will still survive.

Think of it more in terms of excess debt + running out of sources for ancillary revenue begins to pressure profitability & impact gross margins, which batters the stock price until a point at which large activist (probably hedge fund) institutional investors demand significant restructuring, lower costs, and forced asset sales likely in the form of selling off Vail properties to unlock value and recoup their money, either via direct sales (most likely) or IPO spinoff (IMO very unlikely in the ski industry, but more common in other industries). When the roll-up unwinding process is all over, Vail will not be as large as it is today. That's my prediction, but it will take some years.

 

[snoseek]

Dont think of it as "collapse" or bankruptcy & they go away, Vail's demise will not be like that at all & the company will still survive.

Think of it more in terms of excess debt + running out of sources for ancillary revenue begins to pressure profitability & impact gross margins, which batters the stock price until a point at which large activist (probably hedge fund) institutional investors demand significant restructuring, lower costs, and forced asset sales likely in the form of selling off Vail properties to unlock value and recoup their money, either via direct sales (most likely) or IPO spinoff (IMO very unlikely in the ski industry, but more common in other industries). When the roll-up unwinding process is all over, Vail will not be as large as it is today. That's my prediction, but it will take some years.

So like asc-lite?

 

[2Planker]

I see Katz still running things.
Move looks good for the company image

 

[dblskifanatic]

recent stock sales

Katz	$322.81	30,358	Officer, Director	262,524	2021-06-14	Filing
Katz	$321.88	29,956	Officer, Director	292,882	2021-06-14	Filing
Katz	$320.62	31,347	Officer, Director	322,838	2021-06-14	Filing

 

[Smellytele]

What’s the latest on the Wildcat offer?

 

[kingslug]

Vail Resorts announced Thursday, June 10, that the company’s CEO Rob Katz will donate $29.3 million from sold shares of Vail Resorts stock to charity....

 

[deadheadskier]

Is Attitash a charity?

No, seriously, good on him.

 

[jimmywilson69]

yeah that's pretty cool. now get back to work figuring out how to run your eastern holdings. they operate differently than your destination resorts in the west.

 

[drjeff]

The most activity in the Attitash area when my family and I drove by it this morning was the bridge replacement project on 302 in-between the Bear Peak and Main base areas..

North Conway was busy, and all weekend the Brettonwoods area/Mount Washington Hotel was busy, and noticeably short staffed.

 

[2Planker]

The most activity in the Attitash area when my family and I drove by it this morning was the bridge replacement project on 302 in-between the Bear Peak and Main base areas..

North Conway was busy, and all weekend the Brettonwoods area/Mount Washington Hotel was busy, and noticeably short staffed.

Yup. Mt Wash hotel is VERY short staffed this summer. They never filled all the slots they had originally, and now the college kids are all done for the summer.

 

[Geoff]

yeah that's pretty cool. now get back to work figuring out how to run your eastern holdings. they operate differently than your destination resorts in the west.

I’m sure they put them all on an austerity budget last winter. With Delta, if I were running the corporation, I’d be conservative this winter as well. I’d want to carefully control labor, electricity, and diesel. The last thing I’d want is for a bunch of little eastern ski areas to post big losses when their upside for operating profit is so low. Whistler, Heavenly, Park City, and the I-70 resorts do gigantic business with really high yields.

 

[jimmywilson69]

these places were over run with people on Epic Passes. Other than some of the operational hour cut backs my local hill here in PA was fine from a snowmaking perspective. I suspect it'll be less busy as the normal 1 week a year skiers won't slum it at the local places so much as I think traveling at least within the continental US should be ok unless things really go south... Lets hope for many many reasons that doesn't happen.