Vail Resorts stock price falls off a cliff

S

SkiBum.

Active member
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.
 
topic:SkiBum. said:
. Also Vail sucks
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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.“
 
13969829:Park_Ranger said:
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.“
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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.
 
13969832:SkiBum. said:
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.
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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
 
13969832:SkiBum. said:
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.
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I mean they bought whistler for 1 billion cash, so I'll let you make your own conclusions about Vails potential debt.
 
13969835:eheath said:
I mean they bought whistler for 1 billion cash, so I'll let you make your own conclusions about Vails potential debt.
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Im almost positive that was not a cash deal
 
13969829:Park_Ranger said:
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 $50M in recent lift infrastructure and on-mountain dining improvements at Park City Mountain in Utah.“
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Stevens Pass just announced on Instagram they are getting roughly 35$ 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.
 
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.
 
13969829:Park_Ranger said:
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.“
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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.
 
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.
 
13969832:SkiBum. said:
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.
Click to expand...

13969835:eheath said:
I mean they bought whistler for 1 billion cash, so I'll let you make your own conclusions about Vails potential debt.
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They have $1.5 billion in debt, but an overall strong corporate balance sheet.
 
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