Hey you investment types...
8 posts
6 users
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Swimmer
April 6, 2006
Member since 02/3/2005 🔗
143 posts
Rumor on the street is that Intrawest is up for sale...brotha, can you spare a nickel?

http://telemarktalk.com/phpBB/viewtopic.php?t=21441&sid=970492fb9e1ae680a3f34004a4be444f

steve
Roy
April 7, 2006
Member since 01/11/2000 🔗
609 posts
Links to a rumor thread. That's trustworthy info.

Intrawest is a huge company. If it was to be sold, someone would buy it whole. If the goal is to buy it and sell off the different mountains, Intrawest would just sell off the different mountains. They've been too smart over the years to come out too stupid now.

Plus, Intrawest has been the model that everyone else has copied for years. I can't see them just selling. The more likely scenario, some rich bastard doing a hostile takeover by buying up all the stock.
DWW
April 7, 2006
Member since 03/11/2004 🔗
144 posts
That is what Pirate Capital is trying to do. They own 10% of the stock and are buying more. Thay want to force a sale of the whole company.
Murphy
April 7, 2006
Member since 09/13/2004 🔗
618 posts
Aren't the 2010 olympics at Whistler? That seems like it would create quite a lot of uncertainty for an event of that magnitude.
Swimmer
April 7, 2006
Member since 02/3/2005 🔗
143 posts
Quote:

Links to a rumor thread. That's trustworthy info.





Hence my admittance that it's a rumor, instead of spewing off some speculation as fact. Sorry I didn't take the time to research things. I figured with the snow condition around here it would give us something to talk about.

edited to add the sale of Snowshoe among other things...

http://www.bizjournals.com/denver/stories/2004/12/13/daily48.html
Roger Z
April 7, 2006
Member since 01/16/2004 🔗
2,181 posts
I've heard they want to transition exclusively to real estate, which would mean eventually selling off the skiing. Sounds like they're subdividing their assets into: recreational, commercial, residential and divesting accordingly. Probably figure that type of bundling can generate larger value-added, as that is roughly how development companies segment themselves (eg- why would someone who owns retail centers want to purchase a condo complex, or a ski hill? Wouldn't make sense so they'd bid a purchase price at a lower multiple than they would if it was exclusively retail).
The Colonel - DCSki Supporter
April 7, 2006
Member since 03/5/2004 🔗
3,107 posts
We heard back in the fall or summer that Intrawest was separating the real estate and ski area operations at Snowshoe and other mountains as part of a business transaction, but that the new real estate company would still be a part of the Intrawest empire. Sounds like this is just confirmation of that older info and the beginning of the next phase of the plan.
The Colonel
Roy
April 9, 2006
Member since 01/11/2000 🔗
609 posts
Sorry Swimmer, I wasn't trying to take a jab at ya.
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