InvestorsHub Logo
Replies to #23929 on FAT CATS
icon url

serfdom

02/24/07 1:10 PM

#23932 RE: Frzframe #23929

Today was AESK's last day, at least according to the William's and the stochs. Don't expect much of a pullback tho - she's uptrending like mad. Gonna check this one out...
icon url

serfdom

02/24/07 1:20 PM

#23937 RE: Frzframe #23929

Frzframe, AESK is messed up - if this corp is what they claim to be, the share price should be in the $10-20 range at least.

I'm seeing 32m shares, at a price of .35 (before the rally). The market cap simply doesn't match the assets and business description:

About American Skiing Company

Headquartered in Park City, Utah, American Skiing Company is one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts include Killington, Pico and Mount Snow in Vermont; Sunday River and Sugarloaf/USA in Maine; Attitash in New Hampshire; Steamboat in Colorado; and The Canyons in Utah. More information is available on the company's web site, www.peaks.com.


icon url

serfdom

02/24/07 1:38 PM

#23938 RE: Frzframe #23929

The common stock for AESK appears to function as a personal bank account / ATM for the company, who have a lot in terms of assets, but are massively in debt and posting losses of $65m as of the most recent annual report.

"Item 5 Market for the Registrant’s Common Equity and Related Stockholder Matters
Our common stock is currently traded on the Over The Counter Bulletin Board under the symbol
“AESK”. Our Class A common stock is not listed on any exchange and is not publicly traded, but is
convertible into our common stock.
As of October 1, 2006, 31,738,183 shares of our common stock were
issued and outstanding, of which 14,760,530 shares were Class A common stock held by one holder and
16,977,653 shares were common stock held by approximately 6,400 holders."

In addition:

"Our revenues and net loss attributable to common stockholders for the year ended July 30, 2006 (fiscal
2006) were $307.8 million and $65.7 million, respectively. Resort segment revenues and real estate segment
revenues for fiscal 2006 were $274.4 million and $33.4 million, respectively. For more information relating to
our financial condition, see “Item 1A— Risk Factors — Our business is substantially leveraged and we face a
number of financial risks”