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Vail Resorts Inc. Message Board

  • skooterbug05 skooterbug05 Sep 25, 2008 9:58 AM Flag

    Consumer is getting broker and MTN is losing

    money already.

    Ummmm.. Not good for MTN.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • MTN always loses money in the fourth and first quarter, as the ski hills are closed. They drive most of the revenue from the lodging and real estate side for those two quarters.

      If you are talking about the decrease in cash and cash equivilents, did you not read in the release where they bought back $58.7 million dollars worth of shares, or 1,497,875 shares. If you take that total along with the purchase price of CME, the company would have had around $250 million on hand had they not done either.

      All IMHO.

      • 1 Reply to colterbayboy
      • But they did. And at the worst possible time. The only silver lining is that CME is the cheapest, slowest way to get to the mountain for one to three people. But families and groups can get there way faster for the same price by just splitting a cab ride. So it depends on this years tourist demographic as to how that deal works out.

        Either way the mountain should be a lot less crowded this year and the snow should be just as good as last year or better.

 
MTN
76.76-0.96(-1.24%)Aug 20 4:02 PMEDT

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