tom nepa Posted February 19, 2013 Report Share Posted February 19, 2013 Someone I rode the lift this weekend told me that camelback purchased sno and he even had some numbers. I have no idea if true and whether it would be a good thing or not Any info or opionions Quote Link to comment Share on other sites More sharing options...
moe ghoul Posted February 19, 2013 Report Share Posted February 19, 2013 Are they going to keep the Moose mascot? 1 Quote Link to comment Share on other sites More sharing options...
RidgeRacer Posted February 19, 2013 Report Share Posted February 19, 2013 That may actually be a really, really good thing if it's true. 1 Quote Link to comment Share on other sites More sharing options...
AngryHugo Posted February 19, 2013 Report Share Posted February 19, 2013 Just found this: http://www.timesleader.com/stories/Competitor-may-buy-Sno-Mountain,259999 Quote Link to comment Share on other sites More sharing options...
sibhusky Posted February 19, 2013 Report Share Posted February 19, 2013 I agree, it could only be a good thing. They are far enough apart that they probably don't have too much market overlap. Quote Link to comment Share on other sites More sharing options...
tom nepa Posted February 19, 2013 Author Report Share Posted February 19, 2013 I agree it could be a good thing They would be in a ggod finacial position and not have to take everything they bring in just to try and pay debt. I just hope they would not bee too expensive Quote Link to comment Share on other sites More sharing options...
poconovfr Posted February 19, 2013 Report Share Posted February 19, 2013 holy shit Art must have won the lotto. I mean how much can the guy extend....new hotel and water park at Camelback and now this? Hang on CBK pass holders this could hurt.I will say Camelback has a decent business plan but at what cost to both mountains pass holders.While conditions are usually good on the mountain the opportunity to make extra cash on folks is ever present. My 2 cents. the mountain will be better run operations wise.It will come with a cost. Quote Link to comment Share on other sites More sharing options...
rgrwilco Posted February 19, 2013 Report Share Posted February 19, 2013 If true, this is pretty big. CBK will have two of the largest mountains in PA. I wonder how they will market them separately, especially since its about the same distance to people in philly. JFBB works due to the close proximity/park situation/day-night riding. Quote Link to comment Share on other sites More sharing options...
moe ghoul Posted February 19, 2013 Report Share Posted February 19, 2013 Maybe they'll rename it Cameltoe. It'll be another Scamelback with more cow bell. Quote Link to comment Share on other sites More sharing options...
NMSKI Posted February 19, 2013 Report Share Posted February 19, 2013 Bye bye $10 tuesday and $25 mornings, but at least a deal means the mountain continues to operate. Quote Link to comment Share on other sites More sharing options...
RidgeRacer Posted February 19, 2013 Report Share Posted February 19, 2013 (edited) Season pass good at both mountains? Would be cool. Edited February 19, 2013 by Ridge Racer Quote Link to comment Share on other sites More sharing options...
Schif Posted February 19, 2013 Report Share Posted February 19, 2013 The word on the mountain is that the two companies bidding on the place are camelback and Mohegan sun Quote Link to comment Share on other sites More sharing options...
toast21602 Posted February 19, 2013 Report Share Posted February 19, 2013 Very interesting. Quote Link to comment Share on other sites More sharing options...
moe ghoul Posted February 19, 2013 Report Share Posted February 19, 2013 There's been blood in the water for a while now. Wouldn't be surprised if creditors are pushing them to sell Quote Link to comment Share on other sites More sharing options...
trackbiker Posted February 19, 2013 Report Share Posted February 19, 2013 The article said that a dozen companies have signed non disclosures and that 3 have asked to tour the property. That means in no way is Camelback the only bidder. They just decided to show their hand first that they are interested. It may or may not be true that they interested. Sometimes companies just want the opportunity to look at the books and size up the operation to get a better idea of what they will be competing against. If I was in their position I would take a look at the books and the operation. You have everything to gain and nothing to lose by doing that. I'm sure Peak Resorts will take a look. They have a lot of debt but are still buying. Snowtime has to be in the mix as well. Whoever buys it, I hope it is an experienced ski area operator. Yeah, the cheap tickets will go away but that's better than the ski are going away. Quote Link to comment Share on other sites More sharing options...
vinnyv11 Posted February 19, 2013 Report Share Posted February 19, 2013 I'm guessing this will be a big swing for operations probably an actual lift from top to bottom lol. Just hope some land developer doesn't get a hold of it and put up houses or other garbage. Limited options in driving distance from Philly so we don't need to lose another. Quote Link to comment Share on other sites More sharing options...
JFskiDan Posted February 19, 2013 Report Share Posted February 19, 2013 I'm guessing this will be a big swing for operations probably an actual lift from top to bottom lol. Just hope some land developer doesn't get a hold of it and put up houses or other garbage. Limited options in driving distance from Philly so we don't need to lose another. i dont think the second would happen since it is a running and functioning business, just needs the proper people (or person) at the helm. Maybe some of the lifts need some attention, but from what i saw their snowmaking is definetly up to date, same goes for their grooming equip. Way more fan guns on that mountain than at JF. Glad to hear the interest in the place is coming from people within the industry. Quote Link to comment Share on other sites More sharing options...
RootDKJ Posted February 19, 2013 Report Share Posted February 19, 2013 Blue should buy Sno. Quote Link to comment Share on other sites More sharing options...
trackbiker Posted February 19, 2013 Report Share Posted February 19, 2013 Blue should buy Sno. So they can change that nice soft fan gun snow surface into death cookies? 4 Quote Link to comment Share on other sites More sharing options...
Johnny Law Posted February 19, 2013 Report Share Posted February 19, 2013 The thing to remember is this is probably a fire sale of sorts, the people that want it want it cheap with some kind of debt restructuring...well at least that is most likely. Assuming there isn't a bidding war which seems doubtful whomever owns it could get in cheap with favorable debt terms. CB probably has reasonable debt terms, they have consistent revenue over a relatively long period of time, essentially they would get it cheap with cheap money. The question I believe is probably one of existing infrastructure. How old are the lifts and buildings ? Are there major upgrades in the short term ? Were there major upgrades that were recently completed that impact the profitability of the venture (sunk costs). If the sunk costs are good and the money is cheap CB owning Sno could be a good thing that works for everyone. Additionally consolidation certainly seems to the be best way to run ski areas in this modern day if your goal is to make money. I may not be a fan but I don't really care if they make shit tons of money or not. Quote Link to comment Share on other sites More sharing options...
tom nepa Posted February 19, 2013 Author Report Share Posted February 19, 2013 It is obvious that the long haul lift needs a new motor Other than that I think the place is in move in condition right now Then they can make improvments. Quote Link to comment Share on other sites More sharing options...
RootDKJ Posted February 19, 2013 Report Share Posted February 19, 2013 So they can change that nice soft fan gun snow surface into death cookies? Exactly. Makes you a better skier. A CB/Sno pass is useless to me. A Blue/Sno pass would be great! Quote Link to comment Share on other sites More sharing options...
Ride Delaware ? Posted February 19, 2013 Report Share Posted February 19, 2013 CB buying it seems like an excellent choice. They already have a highly successful mountain and waterpark. Sno has tons of growth potential in both of these markets. A CB/Sno pass would also be a sweet combo, especially if they price them separately and then the other as an add on... I'll be interested to see how this plays out... 1 Quote Link to comment Share on other sites More sharing options...
Kyle Posted February 20, 2013 Report Share Posted February 20, 2013 4 Quote Link to comment Share on other sites More sharing options...
zzslope Posted February 22, 2013 Report Share Posted February 22, 2013 Maybe they'll rename it Cameltoe. It'll be another Scamelback with more cow bell. Scamelback, love that! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.