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4-Traders Homepage  >  Equities  >  Nyse  >  Vail Resorts, Inc.    MTN

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Vail Resorts, Inc. : Vail Resorts Announces its Support for Additional Wilderness Areas in Eagle and Summit Counties in Colorado

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04/18/2012 | 09:04pm CET
BROOMFIELD, Colo.-April 18, 2012- Vail Resorts, Inc.is pleased to announce it has joined the Colorado Environmental Coalition and other conservation groups in supporting Senator Udall and Congressman Polis in their efforts to designate additional wilderness and special management areas in Eagle and Summit counties. The areas under consideration for wilderness designation would provide enhanced levels of protection and management for up to 175,000 acres of ecologically important lands.

The areas under consideration in Eagle and Summit counties have been identified as important ecological areas that provide wildlife habitat and serve as our community watersheds, including Hoosier Ridge near Breckenridge and West Lake Creek outside of Edwards. These areas will benefit greatly from the contemplated higher levels of protection and will contribute to the quality of life in our iconic mountain communities.

"We are pleased to have Vail Resorts' support for designating additional wilderness in the central Colorado mountains," said Elise Jones, executive director of the Colorado Environmental Coalition. "Business support for this initiative will be critical to its success. Coloradans have long understood the link between a healthy environment and a healthy economy. In addition to CEC, The Wilderness Society, Wilderness Workshop and Colorado Mountain Club have been working with local businesses, forest users and government officials in support of wilderness protection in Central Colorado."

"The special nature of the economies in Colorado's resort communities relies on the successful balance of offering thoughtfully developed recreation opportunities on our public lands with the preservation of pristine wilderness areas," said Beth Ganz, vice president of Public Affairs and Sustainability at Vail Resorts. "Vail Resorts is proud to support this effort to strike that important balance.  We believe this proposal and the protections it will provide are critical for Colorado."

Vail Resorts' support of this wilderness proposal echoes the support found throughout Summit and Eagle counties - by elected officials, other businesses and residents, as well as local and state conservation groups.

"I think it's the right thing that Vail Resorts is stepping in with their support as this proposal takes into consideration the collaboration among many key stakeholders," said Town of Breckenridge Mayor John Warner. "The proponents of the identified additional wilderness areas really listened to the mountain bike community and preserved trails for them. They also listened to the municipal community so that watersheds could be adequately protected. These wilderness areas are a great addition for Summit County."

About Vail Resorts Echo

Vail Resorts Echo, the Company's social responsibility and environmental stewardship program, enables us to preserve and care for our communities and the spectacular natural environment that surrounds our resorts.   It's a philosophical approach to how we operate our business, being continually aware of how our decisions and actions resonate with our five stakeholders: our employees, shareholders, guests, communities and the environment.  Vail Resorts Echo encompasses three core efforts --charitable giving, volunteerism and environmental stewardship.  It is our hope that Vail Resorts Echo continues to reverberate positively in the places where we live, work and play for generations to come. For more information about Vail Resorts Echo please visit VailResortsEcho.com

About Vail Resorts

Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, and Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.comand consumer website is www.snow.com
Contact(s):
Kate Lessman
phone: (303) 404-1871

About Vail Resorts

Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, and the Heavenly Ski Resort and Northstar California in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort property and hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.comand consumer website is www.snow.com.

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Financials ($)
Sales 2017 1 916 M
EBIT 2017 398 M
Net income 2017 210 M
Debt 2017 403 M
Yield 2017 2,03%
P/E ratio 2017 32,15
P/E ratio 2018 29,32
EV / Sales 2017 3,65x
EV / Sales 2018 3,40x
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Average target price 184 $
Spread / Average Target 11%
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NameTitle
Robert A. Katz Chairman & Chief Executive Officer
Michael Z. Barkin CFO, Executive VP & Head-Investor Relations
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John F. Sorte Independent Director
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