Sunday, January 20, 2008
It's amazing to see how pretty Whistler is. White mountains, snow trees, an amazing view connecting the sky with the snow. Oh, I feel relieved from the super busy study and business, and fell in love with this pretty place immediately.
It's also amazing to see how many people come to Whistler for skiing. A lot of them are from either U.S. or Vancouver. The canteen on the tops of the mountain is fully packed, which means the occupation rate may possible reach over 90 percent for the whole capacity. Hotels, lifts, private lessons, food, equipment sales and rentals.... seems this is a very health business. Maybe I should buy some of its stock. So I did a little research and found some interesting stuff. The whistler mountain is managed by Intrawest ULC, a Vancouver-based company. Intrawest used to be listed in NYSE and Toronto Exchange, but went private in Oct 2006. An alternative investment group named Fortress Investment bought the whole company for US$2.8 billion. Not sure how they are going to exit the investment, possible doing an IPO again or sell it to another big resort development firm. To me, it is a very good investment, at least from the fundamentals.
My only suggestion is that they should improve the quality of the instructors. Some of them are really bad.