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Colon
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Antwerp, Colon's Chocolate Canard Country
Jan 1970
time: 06:18
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Dan, the words “should” and “perceptions” in the same sentence just doesn’t work. 
GP, re HP, which fad(s) do you have in mind? I’m also not sure by what you meant with your second line. (depose in the sense of “to remove”?)
Re Vail resorts, I think the corps isn’t very healthy financially speaking. They spend a lot of cash on interests and their short-term liabilities are way bigger than their short-term assets so they risk falling into a liquidity crunch. I don’t know how much their real estate activities benefited of the real estate boom but a burst might get them into trouble. (particularly as they still have a lot goodwill left on their books)
It does seem to me they can avoid cash problems by limiting capital expenditures as they have a healthy operational cash-flow. (but will that remain so if mountain tourism is hit by a sluggish economy?) However, that could also have its impact on future earnings growth because they finance much of their investments with debt and real estate sales. (the latter of which could be impacted by RE bust)
The company has a lofty valuation P/E wise so I assume the markets expect strong growth in the future. But then again, P/CF and P/B are much more favourable, so I guess it depends on what shareholders and analysts focus at.
At least it’s not for the divided you’d have to buy this corp. There are also low returns on assets and equity, that may suggest weak financial management. (if you want figures, my source is pchang’s site
I wouldn’t buy it judging the financial side, but if they’re strong at operational level and if you expect their market(s) will develop positively, why not?
Do you work for them?
Anyone, when a company outsources its manufacturing division, does it usually act as the wholesaler of the branded goods? (to put the question differently, is the only change in its book after such an operation that of the source of costs – purchasing costs instead of manufacturing costs – or does it change the sales figure as well?)
Last edited by Colon on 19-04-2002 at 23:51
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16-04-2002 21:24
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