So anyone have guesses as to how killington and other American Ski Compnay resorts will do this season? Anyone think ACS will climb from .30 up to 70 something cents like last winter? Anyone ski Killington yet, how was it? I know I can't wait to hit the slopes soon. I probably will only ski at Killington once as its way to crowded for me and not as good experience as the locally owned mountains.
their statement from last quarter was humerous to say the least. i think they really need to dish another mountain and recover some debt before they can start thinking about actually making much money. i think they are grabbing for whatever they can right now and don't have a very good long term model that promotes stability or long term growth. they are just looking to stay alive.
Posted: Dec 03, 2005 - 3:13 PM GMT
Edited: Dec 03, 2005 - 3:17 PM GMT
I heard that ASC made money last year which astonished me.... With thier debts and bad reputation, its truly amazing.... As long as theyre selling real estate, ASC will continue to make money.
ASC has never made a profit since the day it was formed. You can go to their website and click on invester relations to see all the financial info.
In a nutshell, ASC had a neg net revenue of 204 million in FY 2005 to 284 million in FY 2004. After EBITDA(earnings after Interest, Taxes, Depreciation and Amoritization) the net revenue was neg 81 million in FY 2005 to neg net revenue of 87 millionin FY 2004.