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Vail Resorts stock price falls off a cliff

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SkiBum.
Posts: 3600 - Karma: 3,909
20% hit today. Missed quarter earnings hard.

I’m going with Alterras Ikon pass sold much better then expected and took a large % away from Epic pass.

Ski industry needed competition. So it’s good to see some mix up. Also Vail sucks. So they can take it on the chin here for a bit.
Dec 7 2018 3:07PM
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Park_Ranger
Posts: 3825 - Karma: 8,635
SkiBum.. Also Vail sucks


They certainly have their pros and cons -

“Vail Resorts (NYSE:MTN) announces that it plans to invest ~$175M to $180M in the "guest experience" in time for the 2019-20 winter ski and snowboard season across its network of 18 resorts.

The company says the investment will include new mobile technology enhancements that will improve direct-to-lift access, snowmaking upgrades at Vail, Beaver Creek and Keystone, lift upgrades and improvements with dining, ski school and skier services.

Vail notes that today's announcements follow $52M in investments debuting this season at Whistler Blackcomb, including the world's first three-gondola inter-connect; and $50M in recent lift infrastructure and on-mountain dining improvements at Park City Mountain in Utah.“
Dec 7 2018 3:28PM
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SkiBum.
Posts: 3600 - Karma: 3,909
Park_RangerThey certainly have their pros and cons -

“Vail Resorts (NYSE:MTN) announces that it plans to invest ~$175M to $180M in the "guest experience" in time for the 2019-20 winter ski and snowboard season across its network of 18 resorts.

The company says the investment will include new mobile technology enhancements that will improve direct-to-lift access, snowmaking upgrades at Vail, Beaver Creek and Keystone, lift upgrades and improvements with dining, ski school and skier services.

Vail notes that today's announcements follow $52M in investments debuting this season at Whistler Blackcomb, including the world's first three-gondola inter-connect; and $50M in recent lift infrastructure and on-mountain dining improvements at Park City Mountain in Utah.“


If I ever got really bored, I’d like to look at their financials that are public. They sure spend a lot. They must have some heavy debt somewhere.
Dec 7 2018 3:35PM
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Park_Ranger
Posts: 3825 - Karma: 8,635
SkiBum.If I ever got really bored, I’d like to look at their financials that are public. They sure spend a lot. They must have some heavy debt somewhere.


Agreed, they have got to be racking it up with all these aquearuons and investments. That, combined with lower than expected sales, is the kiss of death on Wall Street
Dec 7 2018 3:38PM
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eheath
Posts: 61614 - Karma: 123,209
SkiBum.If I ever got really bored, I’d like to look at their financials that are public. They sure spend a lot. They must have some heavy debt somewhere.


I mean they bought whistler for 1 billion cash, so I'll let you make your own conclusions about Vails potential debt.
Dec 7 2018 3:38PM
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SkiBum.
Posts: 3600 - Karma: 3,909
eheathI mean they bought whistler for 1 billion cash, so I'll let you make your own conclusions about Vails potential debt.


Im almost positive that was not a cash deal
Dec 7 2018 4:07PM
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eheath
Posts: 61614 - Karma: 123,209
SkiBum.Im almost positive that was not a cash deal


https://www.denverpost.com/2017/01/01/top-business-stories-of-2016-vail-buys-whistler/

this article says cash and stock.

Anyway,vail made 1.9 billion last year in revenue, profited 210.6 million and as a 12.57B company but I'm sure they have some debt.
Dec 7 2018 4:14PM
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JoeF2661
Posts: 1627 - Karma: 6,299
SkiBum.Im almost positive that was not a cash deal


Wonder how big the briefcase was? Lol
Dec 7 2018 4:15PM
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meadows69
Posts: 104 - Karma: 151
Park_RangerThey certainly have their pros and cons -

“Vail Resorts (NYSE:MTN) announces that it plans to invest ~$175M to $180M in the "guest experience" in time for the 2019-20 winter ski and snowboard season across its network of 18 resorts.

The company says the investment will include new mobile technology enhancements that will improve direct-to-lift access, snowmaking upgrades at Vail, Beaver Creek and Keystone, lift upgrades and improvements with dining, ski school and skier services.

Vail notes that today's announcements follow $52M in investments debuting this season at Whistler Blackcomb, including the world's first three-gondola inter-connect; and $50M in recent lift infrastructure and on-mountain dining improvements at Park City Mountain in Utah.“


Stevens Pass just announced on Instagram they are getting roughly 35$ million from Vail. mostly to replace brooks and Daisy. Which if anybody on here is local, knows that's not what anybody wants, Its just an easy way for them to justify raising tickets and laundering their fentanyl money.
Dec 7 2018 4:33PM
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Dwayne
Posts: 92 - Karma: 308
They say they are gonna invest all of this money for us and add more amenities which is great but then theyll turn around and double the price of a lift ticket in return. Its getting pretty out of hand, id rather ski smaller mountains because of this.
Dec 7 2018 4:45PM
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kirbstopper
Posts: 322 - Karma: 662
Park_RangerThey certainly have their pros and cons -

“Vail Resorts (NYSE:MTN) announces that it plans to invest ~$175M to $180M in the "guest experience" in time for the 2019-20 winter ski and snowboard season across its network of 18 resorts.

The company says the investment will include new mobile technology enhancements that will improve direct-to-lift access, snowmaking upgrades at Vail, Beaver Creek and Keystone, lift upgrades and improvements with dining, ski school and skier services.

Vail notes that today's announcements follow $52M in investments debuting this season at Whistler Blackcomb, including the world's first three-gondola inter-connect; and $50M in recent lift infrastructure and on-mountain dining improvements at Park City Mountain in Utah.“


All of their upgrades at Whistler/Blackcomb have been stupid as fuck. They had no idea the kind of resort they were taking over. The customer service is the worst its ever been. The ball has been dropped on multiple occasions. Including this brand new gondola being late to open, putting the blackcomb base buisnesses in a major tight spot, when they had all summer to build it. Not to mention the gondola upgrade was put in place for sightseers and doesn't benefit skiers at all. Vail is a shit show.
Dec 7 2018 5:36PM
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theabortionator
Posts: 51688 - Karma: 162,825
Vail is even trendier to hate then Trump.
Dec 7 2018 8:24PM
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dolanslebensraum
Posts: 5959 - Karma: -13,099
Theyre still up from jan of 18
Dec 7 2018 8:35PM
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jensen
Posts: 2576 - Karma: 1,267
SkiBum.If I ever got really bored, I’d like to look at their financials that are public. They sure spend a lot. They must have some heavy debt somewhere.


Here you go. This is Vail Resorts quarterly filing with the SEC which includes everything you could ever want to know. It was just released today.

https://www.sec.gov/Archives/edgar/data/812011/000081201118000134/mtn10-qq11910312018.htm
Dec 7 2018 11:11PM
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Jon_Freeski
Posts: 3 - Karma: 15
whistler Blackcomb has fallen off the rails, Vail added multiple unneeded investments just so they can jack up prices. lift tickets are almost a hundred and fifty dollars and a tiny ass bowl of chili is 12 plus tax(keep in mind it's not even enough for a 6-year-old). And all their Blackcomb upgrades don't benefit skiers very much they are doing it primarily for the summer(it is also way behind schedule and is currently a nuisance). Customer service is a shit show. And vail is targeting many Americans(i have no problem with them, however, there is more of them then there are Canadians!) which has swamped the hills and barely anything is even open yet, vail pull your shit together! all in all, vail has fucked whistler.
Dec 8 2018 12:31AM
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Park_Ranger
Posts: 3825 - Karma: 8,635
SkiBum.If I ever got really bored, I’d like to look at their financials that are public. They sure spend a lot. They must have some heavy debt somewhere.


eheathI mean they bought whistler for 1 billion cash, so I'll let you make your own conclusions about Vails potential debt.


They have $1.5 billion in debt, but an overall strong corporate balance sheet.
Dec 8 2018 12:44AM
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