VAIL SUCKS

[joshua segal]

I'm not sure what all the financial mumbo-jumbo means, but Vail stock was up almost 3% today, closing at 258.67. I suspect if the financials were interpreted correctly, we would discover something good about that quarterly report.

 

[Edd]

Why does your company do this. What is the advantage?

Not uncommon.

 

[thetrailboss]

a fiscal year doesnt need to coincide with a calendar year.

at work we are in FY23Q2 right now. our fiscal year starts july 1. so does vail's.

Correct

 

[SLyardsale]

I'm not sure what all the financial mumbo-jumbo means, but Vail stock was up almost 3% today, closing at 258.67. I suspect if the financials were interpreted correctly, we would discover something good about that quarterly report.

its a snapshot in time. how much do you hold in MTN ?

 

[joshua segal]

its a snapshot in time. how much do you hold in MTN ?

Negligible. If I owned a lot, I would make it my business to understand the annual and quarterly reports!

 

[thetrailboss]

Some interesting quotes….

This is too funny!

An earnings call scheduled for Thursday was delayed due to technical difficulties, but a preview of Vail Resorts’ CEO Kirstin Lynch’s comments was provided in Thursday’s release.

“Our North American season pass program has grown dramatically over the past three years as we have focused on our core strategy of shifting guests from lift tickets into advance commitment to drive stability and long-term value for the business.”

Lynch said Vail Resorts expects to have approximately 2.3 million guests in advance commitment pass products this year, generating over $800 million of revenue and representing over 70% of all skier visits committed. That represents an increase of more than 1.1 million guests in the program from the 2019/2020 season, Lynch said.

said. “Our strongest growth occurred in destination markets, which represents the largest addressable market for conversion of guests into advance commitment [\b]and is a particularly attractive guest segment given the higher ancillary attachment.”

This represents substantial growth in our highest priced products and among our most penetrated high frequency skier segment, and we expected this year’s performance as a result of the significant growth after last year’s price reset,” Lynch said. “We continue to expect that the majority of the future growth in advance commitment will come from the large and attractive addressable market of destination guests, primarily through transitioning lower frequency lift ticket guests into Epic Day Pass products, and transitioning guests at our local and regional resorts into advance commitment.”

Vail Resorts sells 2.3 million pre-purchased passes for 2022-23 season

Vail Resorts on Thursday said the company expects to have 2.3 million people using its Epic, Epic Local and Epic Day passes this year. That’s a 6% increase over last year in the company’s pre-purchased...

www.vaildaily.com

So, how many of you are “advance commitment” skiers/riders? “Season Pass” is so 2020….

 

[Smellytele]

So, how many of you are “advance commitment” skiers/riders? “Season Pass” is so 2020….

They use the term Because advance commitment also means just pre bought day skiers not just season pass holders.

 

[ThatGuy]

FourRunner having issues. Hopefully nothing crazy, mostly radio silence so far from Vail on what it is…

Stowe Mountain Weather Report | Stowe

Get the latest Snow and Weather Report from Stowe.

www.stowe.com

Also still charging to park with just the double running.

 

[hovercraft]

They are waiting for a part to come in…..

 

[thetrailboss]

They use the term Because advance commitment also means just pre bought day skiers not just season pass holders.

True, but when you read the article it is clear that their main product is Epic Season Passes. That's what they are pushing people towards. We've talked about that here.

 

[ThatGuy]

Stowe Mountain Resort on Instagram: "As we look ahead to the week, here’s a message from Bobby on the status of the FourRunner Quad. Please be sure to follow Epic Mix or StoweMtAlerts on Twitter, and our website, for the most up-to-date information t

1,429 likes, 243 comments - stowemt on December 11, 2022: "As we look ahead to the week, here’s a message from Bobby on the status of the FourRunner Quad. Please be sure to follow Epic Mix or StoweMtAlerts on Twitter, and our website, for the most up-to-date information throughout the week. "On...

www.instagram.com

 

[thetrailboss]

Stowe Mountain Resort on Instagram: "As we look ahead to the week, here’s a message from Bobby on the status of the FourRunner Quad. Please be sure to follow Epic Mix or StoweMtAlerts on Twitter, and our website, for the most up-to-date information t

1,429 likes, 243 comments - stowemt on December 11, 2022: "As we look ahead to the week, here’s a message from Bobby on the status of the FourRunner Quad. Please be sure to follow Epic Mix or StoweMtAlerts on Twitter, and our website, for the most up-to-date information throughout the week. "On...

www.instagram.com

Yeah I saw that. Not so Epic.

 

[doublediamond]

Bearings don’t just fail. That’s a lack of maintenance. 100% on Vail management.

 

[hovercraft]

Where do you see anything about bearings failing?

 

[doublediamond]

Read it on another forum. The post from the GM describes it as a “pulely” issue. If it’s not a bearing on either end of the pulley system for the diesel drive, then it’s the belt itself. Regardless… the minimalist of preventative maintenance would have spotted that issue prior to failure. Bearings and belts both exhibit a lot of symptoms as they go bad… they don’t just catastrophically fail randomly.

My 2 cents is they skimped on the summer lubrication to save a few cents and it bit their ass hard.

 

[deadheadskier]

Seems crazy they'd continue to skimp after just killing an employee on a Zipline a couple of years ago due to poor maintenance.

 

[thetrailboss]

Seems crazy they'd continue to skimp after just killing an employee on a Zipline a couple of years ago due to poor maintenance.

It’s about maximizing profit and reducing costs….

 

[doublediamond]

And profit now at expense to next quarter/year/etc too

 

[Kingslug20]

Bearing maintenance costs almost nothing..
It's the easiest thing to do. And how many bearings in total do they have?
I had hundreds and all it took was quarterly lubing..
You would have to ignore it completely to have catastrophic failure. That's why I'm wondering how old these things are...eventually they need to be rebuilt...that's expensive...but still not as expensive as total failure. Preventative maintenance is much cheaper than reactive maintenance.

 

[joshua segal]

And profit now at expense to next quarter/year/etc too

MTN stock was up another 1% today. So this is not scaring away investors.