|Bid||0.00 x 1400|
|Ask||248.70 x 900|
|Day's Range||234.12 - 238.49|
|52 Week Range||179.60 - 292.27|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||31.70|
|Earnings Date||Sep 26, 2019|
|Forward Dividend & Yield||7.04 (3.01%)|
|1y Target Est||249.45|
Peak Resorts, Inc. (SKIS) (“Peak Resorts” or the “Company”), a leading owner and operator of high-quality, individually branded U.S. ski resorts, today announced that the Company’s shareholders, at a special meeting held today (the “Special Meeting”), approved the merger agreement for the acquisition of the Company by Vail Resorts, Inc. (MTN) (“Vail Resorts”). Under the terms of the merger agreement, Peak Resorts’ common shareholders will be entitled to receive $11.00 per share in cash at the closing of the acquisition.
Vail Resorts (MTN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Vail Resorts (MTN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- The growing backlash to xenophobic violence meted out on African nationals living in South Africa is being felt on the Johannesburg stock exchange.MTN Group Ltd., the continent’s largest mobile phone operator, fell as much as 2%, after the company closed its offices in Nigeria following attacks on its premises in three cities. Shoprite Holdings Ltd., Africa’s largest food retailer, dropped after its stores were attacked in Lagos. The benchmark South African index was 0.2% higher as of 2:27 p.m. after climbing as much as 0.7%. The MSCI Emerging Marketz Index rose 1.5%.Read more about the retaliatory attacks in Nigeria“It’s exactly the reason why local retailers and stocks like MTN who have African exposure are losing ground today,” said Henre Herselman, a derivatives trader at Johannesburg-based Anchor Private Clients, which oversees 38 billion rand ($2.6 billion) for clients. “I have seen several announcements from companies stating they have closed shops out of a fear a retaliation.”The latest spate of South African attacks broke out in Johannesburg on Sunday and saw the destruction of more than 50 shops and business premises mainly owned by Africans from countries in the rest of the continent. Cars and properties were torched and widespread looting took place. The violence against African nationals may be a reaction to extra competition for jobs and services in Africa’s most-industrialized economy.Read more about the xenophobic attacks in South Africa“From footage I’ve seen it most definitely will hit Shoprite hard because it goes beyond lost sales, but also cost of repairs and restoring the damage,” said Nolwandle Mthombeni, an analyst at Mergence Investment Managers in Cape Town. “I don’t think this is a permanent deterrent from expanding into rest of continent, but it does mean any short term plans may be pushed out till the attacks are well in the rear-view.”To contact the reporter on this story: Adelaide Changole in Nairobi at email@example.comTo contact the editors responsible for this story: Blaise Robinson at firstname.lastname@example.org, John Viljoen, Alastair ReedFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At the same time Moody's affirmed IHS' B2 corporate family rating (CFR) and B2-PD probability of default rating. The proposed notes will be fully and unconditionally guaranteed by IHS Netherlands NG1 B.V., IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., IHS Nigeria Limited, IHS Towers NG Limited and INT Towers Limited (INT). The B2 rating on the proposed notes is in line with the CFR despite the presence of subordinated intercompany shareholder loans which Moody's consider as debt.
Management changes are coming to two Lake Tahoe-area ski resorts as Vail Resorts Inc. reorganizes its leadership team.
BROOMFIELD, Colo. , Aug. 23, 2019 /CNW/ -- Vail Resorts, Inc. (MTN) today announced that Executive Vice President Chris Jarnot will step down from his role, following an impressive 34-year career with Vail Resorts. Jarnot was appointed executive vice president of the Company's mountain division in December 2016 with oversight of its five Colorado resorts and Perisher in Australia . "Chris has played a pivotal role in the success of our Company across so many different areas, leaving behind a legacy of operational excellence, business sophistication and a culture of outstanding guest service," said Rob Katz , chairman and chief executive officer of Vail Resorts.
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
NEW ORLEANS , July 31, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
In this article we are going to estimate the intrinsic value of Vail Resorts, Inc. (NYSE:MTN) by projecting its future...
For after Vail Resorts’ purchase of 17 small areas across the Northeast and Midwest from Peak Resorts Inc. (Nasdaq: SKIS) on July 22, CEO Rob Katz can now say with confidence that the Broomfield-based company (NYSE: MTN) has connections through its properties to most major American metropolitan areas that get a significant amount of snow. From Boston to Washington D.C and from St. Louis to Chicago, if a big-city population likes to drive a relatively short distance to get into the mountains, those mountains are likely owned now by Vail Resorts.
Three ski resorts near Baltimore are getting bought by Vail Resorts Inc. but that is not the only local connection to the $264 million deal announced Monday. Baltimore-based T. Rowe Price Group Inc. (NASDAQ: TROW) is the largest shareholder of Vail Resorts. At one point Vail Resorts was the biggest holding for one of T. Rowe Price's signature mutual funds, the New Horizons Fund.
NEW YORK , July 22, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Peak Resorts, Inc. ("SKIS" ...
NEW YORK, July 22, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Peak Resorts, Inc. (“Peak.
A firm owned by two members of the Sackler family stands to get $87.2 million from the sale, announced Monday, of Wildwood-based Peak Resorts Inc. (NASDAQ: SKIS).
Peak Resorts news on Monday about a deal with Vail Resorts has SKIS stock soaring.Source: Shutterstock This deal will have Peak Resorts (NASDAQ:SKIS) being acquired by Vail Resorts (NYSE:MTN). This has the latter offering to purchase all outstanding shares of SKIS stock for $11.00 each. This represents a 116% premium to the stock's closing price on Friday.The Peak Resorts news release notes that both companies' Board of Directors are supporting the deal. The Board of Directors for SKIS is also advising all shareholders to vote in favor of the deal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"With this acquisition, we're also able to make a much stronger connection to guests in critical cities in the Mid-Atlantic and Midwest, and build on the success we have already seen with our strategy in Chicago, Minneapolis and Detroit," Rob Katz, Chairman and CEO of Vail Resorts, said in a statement.So long as the Peak Resorts news goes over well, the companies are looking for the deal to close this fall. This means it will have to complete customary closing conditions, get approval from regulators and have SKIS stockholders vote in favor of it. * 7 Defense Stocks to Buy to Fortify Your Portfolio Peak Resorts is getting its financial advice for the deal from Moelis & Company. It's legal advice concerning the deal with Vail Resorts is coming from Perkins Coie, Sandberg Phoenix & von Gontard P.C. and Armstrong Teasdale.SKIS stock was up 112% and MTN stock was up 3% as of Monday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon As of this writing, William White did not hold a position in any of the aforementioned securities.The post Peak Resorts News: SKIS Stock Soars on Vail Resorts Deal appeared first on InvestorPlace.
Microsoft and Equifax pay up, while Etsy and Vail Resorts make some big deals. Yahoo Finance's Adam Shapiro has today's top trending story