I think the company will go BK in 2009 or early 2010.
The company is bleeding cash. And they have a lot of debt. They could not turn a profit for the past two quarters. They will need to go back to the capital markets for more money. Problem is, nobody wants to lend money to a ski resort.
Come on, people are staying home and watching TV instead. Forget about that expensive ski vacation.
My guess would be late summer 2010, they will need serious help!! Katz is not a very good ceo, he bought the stock and colorado mountain express at the top, he is unable to see ahead, he is a ceo lacking vision and action. When your overpaid and sheltered like he is you can't see things for what they are, where there is no vision the people perish!