Tag: greed

Corporate greed at it’s height

I have been a customer of Vail for 15+ years.
We have spent close to a hundred K over that time as a customer getting Epic passes every season for our whole family, using their ski schools etc.
I lost my job and per to the refund policy I am allowed to get this seasons passes refunded.

But they have a 30 day loophole that prevents you from getting the refund.
The insurance company sends you to Epic. Epic says they have no control and send you back to the insurance company.

An absolutely DISGUSTING way to treat long term valuable customers and spread ill will about their company. They should be ashamed of themselves.

Sep 2024 • Family, Luke H – via TripAdvisor

Vail CEO Kirsten A. Lynch makes $6,6M+ / year

“As Chief Executive Officer at VAIL RESORTS INC, Kirsten A. Lynch made $6,609,628 in total compensation. Of this total $885,999 was received as a salary, $1,188,300 was received as a bonus, $2,249,981 was received in stock options, $2,249,991 was awarded as stock and $35,357 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year.”

Source: Salary.com

So your $235 for 1 day lift ticket, $20 per hamburger and $700 for a crappy shithole cabin “Ski Trail condos” are going into the pocket of the right person. Here is that person:

Kirsten A. Lynch should be fired for her extremely crappy performance, but not rewarded with $6.6M+ in compensation.

Vail MTN is a falling knife now as it breaks down through two top trough support and the 200 day EMA. Selling will accelerate after Dec 23rd ex dividend date. They have a hugely inflated assets on their balance sheet and too much debt. Been cooking the books the past several years.

Yahoo Finance discussion board for MTN stock ticker

“Vail is not doing a good job of maximizing revenue”

Vail is not doing a good job of maximizing revenue. At my local resort the restaurant / bar is not open during the holiday week, typically a very busy week.

“This stock MTN will be a two digit stock price by March”

Oh boy, wait til Christmas crash for MTN. when it goes ex dividend on the 23rd the tax loss selling will accelerate. The selling in January and February will be stunning as Vail’s super inflated balance sheet is revealed. Too much debt vs inflated assets probably leads to a secondary stock offering in early 2023. This stock MTN will be a two digit stock price by March. They went on an acquisition spree the past 5 years right into the teeth of the biggest asset bubble in history. Combined with huge labor cost inflation and higher interest rates….dead company walking.

Yep, MTN stock goes down the tube pretty fast:

Source: Yahoo Finance discussion board for MTN stock ticker