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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (28003)	10/8/2017 3:24:27 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 34328

PS: and I figured out who is behind CAP 1 LLC, the preferred placement and warrant buyer, holder of 39% of SKIS shares fully diluted if all is executed. It is the family firm of Richard Sackler....the Sackler family behind Purdue Pharma, ie Oxycontin (and estimated family net worth of $14billion) There was a 280K+ block trade of SKIS that went off @ $4.25/sh Thursday of last week

To: Ditchdigger who wrote (28003)	10/8/2017 6:49:49 PM
From: E_K_S	Respond to of 34328

the development of up to 900 residential units and 200,000 square feet of commercial space. The first future project will be the development of up to 150 residential units at the Carinthia Base Area . . . The Main Base Area includes up to 200 residential units and several skier service buildings; the Sundance/Snow Lake area includes approximately 500 residential units. ----------------------------------- The residential units already approved is where the long term value is. Depending on how they finance and/or build it out (sold in phases), could see larger revenues in the out years. Based on their latest 10K/Q they are still losing money on their Hotel lodging services as well as food services. Yahoo Finance is showing that stock selling at 0.87 BV so maybe they include the value of these undeveloped residential units as well as what has been built to date. EBITDA is $25.38M or about $2/share which is quite good. So their $650K loss represents debt (and preferred) expenses. So if/when they break out their development expense/sales, their day to day ski/lodge operation just may be profitable. This is the perfect storm for SKIS. If operations are profitable and they continnue to build out their infrastructure (and planned units), that just makes the residentail units and commercial space gain value. A lot of the details are in those financials and my first take was they were not covering their dividend and not covering their current operations. Maybe it's worth another look if part of those debt expenses and capital cost also include their planned development costs. EKS