from yesterday's Wall Street Journal's MarketWatch (9/25):
Vail Resorts shares slide on frosty outlook
By William Spain, MarketWatch
"Last update: 11:39 a.m. EDT Sept. 25, 2008NEW YORK (MarketWatch) -- Vail Resorts posted record results for its full fiscal year and sharply narrowed its fourth-quarter loss, but shares slid more than 6% early Thursday after the ski area operator said forward bookings and purchases of passes for the 2008-09 season have gone soft.
Before the start of trading, Vail (MTN) reported it lost $11 million, or 29 cents a share, in its most recent quarter compared with a loss of $34 million, or 88 cents a share, in the same period a year ago. The company, excluding stock-based compensation expenses, would have lost 26 cents a share. Revenue rose to $270 million compared with $97 million, largely on the back of real estate sales.
The average estimate of analysts polled by FactSet Research had been for the company to lose 20 cents a share on sales of $273 million."...
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