An incorrect call made in the past – Whistler-Blackcomb

Everybody likes writing about their winners, but it is equally important to understand why failed predictions end up so. Many, many, many years ago, I wrote about Whistler-Blackcomb’s (TSX: WB) IPO and about how I was quite leery about it. With today’s acquisition offer by Vail Resorts, it should end this particular story – and … Continue reading “An incorrect call made in the past – Whistler-Blackcomb”

Whistler Blackcomb public one week

The reorganized entity of Whistler Blackcomb went public and has been trading for one week: It has been trading narrowly around its (reduced) $12 price. With the announcement of inclement weather in the Greater Vancouver area and the early opening of the ski resort, it has not resulted in a budge in the share price. … Continue reading “Whistler Blackcomb public one week”

Whistler Blackcomb – quick IPO analysis

Whistler Blackcomb will be trading next week under ticker symbol WB in Toronto. They priced their shares at $12 – down from the expected $15. The entity, assuming no exercise of the over-allotment, will have 37.8 million shares outstanding, so $12/share will have a capitalization of $454M. The final prospectus was released on SEDAR yesterday … Continue reading “Whistler Blackcomb – quick IPO analysis”

Whistler-Blackcomb going public

Whistler-Blackcomb, owned by Intrawest, filed to go public on the TSX. The salient numerical details, such as the total amount of the offering (rumoured to be $300 million) and pricing of the company’s stock remains to be seen. Intrawest used to be public, but was taken private in 2006 and is now owned by Fortress … Continue reading “Whistler-Blackcomb going public”