Tue, May 21, 2013, 5:28 PM EDT - U.S. Markets closed
Put an aggressive 20x multiple on $1.50 of normalized earnings and you get a $30 stock. Huge downside from here. With taxes going up next year, fewer people will be spending on ski vacations.
Don't know why this is running up today, but the fair value remains $30.
Company reduced their aggressive guidance. Beats me why anyone was paying $50+ for this stock.
earnings coming out dec 4th for qtr ending oct. 31st----cant be good----and the guidance has to be adjusted downward due to no snow and tough economy, and travelers holding back...
what do others think?
stock was up last quarter due to increase in passes sold by 17 percent.....People who by season passes by season passes only this year they bought earlier....Stock needs to fall!!!!
I could not agree more, what is it with this stock? Anyone that buys this stock needs their head examined, should be trading with a 15x multiple instead it trades at 136x 2012 and 55x 2013 estimates. This stock is a screaming short.
Sentiment: Strong Sell
Add to that fact it hasn't snowed but once so far this year in Vail. I live in
Denver ..Its crazy 40 stock tops. I bought the 55 dec puts today at a buck.