Results 676 to 700 of 843
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04-11-2017, 11:37 AM #676
Which of you Kali snowboarder fags was at Snowbird Saturday spewing how if this was Squaw this would be open and if this was Squaw that would be open? Then when I turned around and asked why is there 25 pages on TGR of people whining about how Squaw never gets shit open you said because people on TGR are pussys and don't know what they're talking about.
The funny part is before all that I heard you say that this was some of the best pow of the year. Didn't Squaw get like 200 feet of snow this year? IMO that pow was mediocre at best for Utah.
I know you're reading this, tell all these fine people how they're all a bunch of pussys.
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04-11-2017, 12:15 PM #677
Haha, those snowboarders can't be trusted...
For Tahoe, we've actually had some very light snow this year. Obviously our blower is rarely quite as light as it gets in Utah, but I consider this type of snow pretty darn fun...
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04-11-2017, 06:11 PM #678derp dapowderp
- Join Date
- Apr 2017
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- 42
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04-12-2017, 08:13 AM #679
Well that's because the Cottonwoods aren't abound with bay area dipshits with no common sense. Like the ones who followed each other off a cliff like lemmings last year in Jackson.
RAWG =
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04-12-2017, 08:36 AM #680Registered Jerry
- Join Date
- Mar 2017
- Location
- squaw
- Posts
- 141
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04-12-2017, 08:46 AM #681
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04-12-2017, 10:06 AM #682
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04-12-2017, 10:35 AM #683
Who will get Mt. Rose?
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04-12-2017, 10:49 AM #684
Rawj, I'm surprised your mom was willing to share your name, let alone your handle.
Mammoth skiers...get ready for KSL's "safety holds" - ie., Chair 22 may never spin again during storm days, unless there is not even a whisper of wind.
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04-12-2017, 11:31 AM #685Registered User
- Join Date
- Feb 2012
- Location
- the medium sierra
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- 143
does this invalidate the theory that KSL only wanted to own squaw for 5 years?
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04-12-2017, 11:37 AM #686
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04-12-2017, 12:25 PM #687
So, I guess KSL is here to stay?
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04-12-2017, 12:35 PM #688Registered Jerry
- Join Date
- Mar 2017
- Location
- squaw
- Posts
- 141
As if Bay Area Jerry wasn't enough, say hello to LA Jerry!
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04-12-2017, 01:29 PM #689Registered User
- Join Date
- Apr 2006
- Location
- SF & the Ho
- Posts
- 9,367
Sad day for Mammoth.
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04-12-2017, 01:33 PM #690
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04-12-2017, 02:53 PM #691
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04-12-2017, 03:19 PM #692Registered User
- Join Date
- Apr 2006
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- SF & the Ho
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- 9,367
I haven't looked at the details in any way, but in my experience there are No mergers, just acquisitions called mergers for various reasons. Someone always has more marbles than the other, i hope in this case it's Aspen
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04-12-2017, 05:04 PM #693
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04-12-2017, 05:46 PM #694
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04-12-2017, 07:09 PM #695Registered User
- Join Date
- Apr 2006
- Location
- SF & the Ho
- Posts
- 9,367
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04-12-2017, 07:21 PM #696
I heard Andy Wirth is waterboarding Wooly the mammoth right now.
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04-12-2017, 07:37 PM #697
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04-12-2017, 08:33 PM #698Registered Jerry
- Join Date
- Mar 2017
- Location
- squaw
- Posts
- 141
This isn't going to change jack shit. I'm obviously speculating, and I obviously don't actually know what I'm talking about, but this is a consolidation play, not a play on an undervalued asset (at least with respect to Squaw/Alpine).
KSL originally bought squaw as an undervalued asset. The best ski resort in a great market area being was run like shit by some grouchy old rich lady, and they saw an opportunity to acquire an asset at less than what they valued it. They bought it at a discount, spent a bunch of money, and closed the valuation gap.
From an equity owner's perspective andy wirth and co. have been doing a bang up job. They overhauled personnel, set up a whole new marketing system, built a ski-through starbucks, and changed the entire positioning of the resort. Now visits, occupancy, daily revenues, etc. etc. etc. are all through the roof. People used to be afraid to come to squaw, now KT is the fucking jerry mecca. I'm sure they killed it this season (record pass sales and the resort was closed all winter!).
Shit like traffic is not going to get wirth fired. If anything I bet he gets a raise.
Alex was a fucking legend for what he built and for his focus on the skiing experience, but he also started from scratch, didn't have a $50mm+ capex (from the acquisition) to break even on (plus another $50mm or so post-trade), and most importantly, didn't have a bunch of fund of fund investors that have never heard of squaw valley and frankly don't give a shit about some place called silverado.
As soon as that capex is made, the entire profitability dynamics change for good. There's no way to go back to the way things were before without someone taking a $100mm hit.
Aspen is not buying squaw to come in and make it all sick again. They're not even really buying squaw at all. They're establishing a whole new company to take on vail (obviously along with KSL and however many others). Sure, maybe they staff the new company with good people that know how to sort out traffic problems or whatever, but this means squaw is under big corporate ownership. Going to be about finding that balance between minimizing costs while keeping your customers just happy enough that revenue is maximized. Getting sued because jerry got caught in an avalanche is a great way to incur costs, so don't expect them to start getting more aggressive about opening terrain anytime soon.
tl;dr: KSL goes away but we get to keep andy and jerry.Last edited by Robojerry; 04-12-2017 at 10:09 PM.
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04-12-2017, 10:17 PM #699
touche
“I really lack the words to compliment myself today.” - Alberto Tomba
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04-12-2017, 10:32 PM #700glocal
- Join Date
- May 2002
- Posts
- 33,440
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