VAIL SUCKS

[thetrailboss]

Means nothing since no EPIC pass holder will be turned away and nobody buys day tickets anymore. But hey, it’s PR!

Stowe Resort unveils new ticket policy for peak days

If you’re looking to ski Stowe this year during popular weekends, the resort is trying something new.

www.wcax.com

 

[Mainer]

Epic has been saying this for the last couple years. The capacity number is always ridiculous. They will probably stop selling tickets one day during mlk and presidents weekend. Just another scare tactic to get people to pre purchase tickets.

 

[thetrailboss]

Epic has been saying this for the last couple years. The capacity number is always ridiculous. They will probably stop selling tickets one day during mlk and presidents weekend. Just another scare tactic to get people to pre purchase tickets.

.....or buy the Epic season pass.

I also think that a part of this ploy is to make Wall Street think that Vail is killing it so much that they HAVE to limit ticket sales.

 

[doublediamond]

Yes they’ve been saying this for a few years. Yes the capacity numbers are ridiculous. There has been several instances of hour waits at lifts and they are still selling walk up tickets.

 

[BodeMiller1]

There's gold in them there hills....

 

[joshua segal]

Yes they’ve been saying this for a few years. Yes the capacity numbers are ridiculous. There has been several instances of hour waits at lifts and they are still selling walk up tickets.

It appears that way too many people are willing to accept these lines and pay the price. The demand, like it or not, exceeds the supply. It brings to mind my favorite skiing oxymoron: "no one skis there. It's too crowded."

With the stock price of Vail (MTN) up 20% since the summer, it appears that their corporate marketing strategy is working.

 

[urungus]

It appears that way too many people are willing to accept these lines and pay the price. The demand, like it or not, exceeds the supply. It brings to mind my favorite skiing oxymoron: "no one skis there. It's too crowded."

With the stock price of Vail (MTN) up 20% since the summer, it appears that their corporate marketing strategy is working.

 

[joshua segal]

View attachment 55225

Haha. Thanks for that comment. I had no idea that it was a Yogi Berra-ism!

 

[Rob Katz]

Any yellow jackets at Eastern properties?

 

[Kingslug20]

Vail stock price is going up..revenue and profits going up...
Guess they are doing something right...just not for us...unless...you own their stock.
Thats..the bottom line..

 

[drjeff]

The "100,000 ft view" bottom line is the Ski Industry as a whole (and not just Vail Resorts) survived the pandemic. If anything the fact that you could actually get outside and ski, especially in the '20-'21 season when so many other things still weren't relatively normal, it gave people the chance to either ski/ride more than they may have in the past, or actually try skiing/riding for the 1st time and find out they enjoyed the sport. It seems to have created more demand than has been around in a long time to get out at most every ski resort more often and enjoy the sport. Not a bad thing at all for the economic health of the industry to have a more engaged customer base wanting to enjoy the sport more often. Even if that means that some old timers will complain about more people on the hill and how "it's not the same" as it used to be.

Sometimes things will change. If they didn't we'd still be watching movies at home via VHS or Betamax cassettes

 

[BodeMiller1]

Vail is listed on the New York Stock Ex. MTN

It's off $7.00 at the bell.

I don't have anything against the company, hey rich people need to ski too - (pose, conspicuous consumption, etc.) Hey, build out the mountains and go back out west. (Think American Ski Co.) Don't let the door hit you on the way out. Meow

Choices: A) Catch a falling knife.
B) Buy MTN.
C) Make your own Pumpkin Pie from scratch.
D) Burn your T.V. in your yard.
E) Go back to Rockville.
F) None of the above.

The correct answer is F buy: Buy Ford Motor Co. Detroit. MI

 

[4aprice]

The "100,000 ft view" bottom line is the Ski Industry as a whole (and not just Vail Resorts) survived the pandemic. If anything the fact that you could actually get outside and ski, especially in the '20-'21 season when so many other things still weren't relatively normal, it gave people the chance to either ski/ride more than they may have in the past, or actually try skiing/riding for the 1st time and find out they enjoyed the sport. It seems to have created more demand than has been around in a long time to get out at most every ski resort more often and enjoy the sport. Not a bad thing at all for the economic health of the industry to have a more engaged customer base wanting to enjoy the sport more often. Even if that means that some old timers will complain about more people on the hill and how "it's not the same" as it used to be.

Sometimes things will change. If they didn't we'd still be watching movies at home via VHS or Betamax cassettes

I agree with you Drjeff. While this thread focuses on Epic or Vail and I guess to some extent the competition, Alterra, I'm not seeing a whole lot of failure going on in the ski industry right now. Just read a article in the Denver Post that focused on the smaller resorts (or the Ski Colorado "Gems") and the GM's (including I Believe AZ friend Bushmogulmaster at Cooper) were all saying they were pretty healthy. See it here in the Pocono's even with paid parking and reservations, the parking lots on weekends are full. I don't follow the numbers in ski equipment sales including clothing, but I was at a large sale this fall and there were crowds of people there. Seems to me the sport has experienced a growth spurt what ever the reason.

 

[thetrailboss]

Vail Resorts' 1st Qtr 2023 Results | Made $137 Million Loss, Total Epic Pass Sales Down 12% on Last Season - SnowBrains

Vail Resorts yesterday reported financials for the 1st quarter of fiscal 2023, which ended October 31st, 2022. The company has sold 2.3million

snowbrains.com

 

[BodeMiller1]

Vail Resorts' 1st Qtr 2023 Results | Made $137 Million Loss, Total Epic Pass Sales Down 12% on Last Season - SnowBrains

Vail Resorts yesterday reported financials for the 1st quarter of fiscal 2023, which ended October 31st, 2022. The company has sold 2.3million

snowbrains.com

I really don't understand how they report on a year we're not in yet. Car companies do it (release next year's models early) butt it's just odd. Odd is not good.

Pass sales down ​

A loss in the fall makes since for a ski co. ​

​

What I got out of it was on the side-bar. Klaus Obermeyer is still skiing at 102. ​

 

[KustyTheKlown]

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.

 

[BodeMiller1]

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.

Seems out of GAAP, butt yea still seems weird. I do accrual accounting so I can work back 5 years or forward 2 or so. When you go back you have to reopen the gates and restate, close remail. pain in the but. going forward, pretty much booking fixed cost and trying to predict the future.

I used to work on closed - end funds out of Turkey. Their currency isn't worth much so we had to cut and paste for 40 clients. Accounting is all computer driven these days. So you basically process exceptions and keep regulators and auditors at bay.

At the end of the day, joe 6pack should be able to read and understand...

 

[BodeMiller1]

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.

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

 

[KustyTheKlown]

im not finance/accounting, so i dont really know why we do it that way, just that we do and that it is common.

for many, including vail, it has to do with the seasonality of their businesses, i think.

the us govt fiscal year is oct 1 to sept 30 or something weird too.

investopedia -->

"Why Use a Fiscal Year Instead of a Calendar Year?​

For companies that operate on a seasonal basis, using a fiscal year may be beneficial. This is because it may provide a more accurate reflection of the company’s operations, allowing for revenues and expenses to better align. For instance, it is common for retail companies to end their fiscal year on Jan. 31, after the holiday season has ended. Walmart and Target are two primary examples of companies that use this fiscal year."

 

[BodeMiller1]

im not finance/accounting, so i dont really know why we do it that way, just that we do and that it is common.

for many, including vail, it has to do with the seasonality of their businesses, i think.

the us govt fiscal year is oct 1 to sept 30 or something weird too.

investopedia -->

"Why Use a Fiscal Year Instead of a Calendar Year?​

For companies that operate on a seasonal basis, using a fiscal year may be beneficial. This is because it may provide a more accurate reflection of the company’s operations, allowing for revenues and expenses to better align. For instance, it is common for retail companies to end their fiscal year on Jan. 31, after the holiday season has ended. Walmart and Target are two primary examples of companies that use this fiscal year."

Thanks, and I'm not the master of the accounting universe. The people out of Bentley U. are the best. Whenever I hear that name I try and learn as much as I can...

Like skiing with better... (you get what I'm saying)