Colon,
Thanks for your take.
I work as a ski instructor there. They generaally have a good rep, fininacially. Especially as compared to Intrawest or American Ski corp which are much higher leveraged. Real Estate is small at Vail (6% of revenue). The ski slopes themselves are federal land (leased). They do real estate on associated developments. I don't think they could have a liquidity crunch because they have a large line of credit available.
Regarding outsourcing: usually the revenue remains the same (based on end product sales). COGS remains ABOUT (maybe small incr or decr.) the same...what changes is portion of COGS spent on manuf versus raw materials...but that is usually not broken out anyway...for external eyes.) Also some other effects lower CAPEX, lower PPE, lower working capital, one-time charges/benefits (associated with sale of assets, cleanup of facilities, severances, etc.), lower depreciation.
The one example I'm familar with is drug manufacturing.
Thanks for your take.
I work as a ski instructor there. They generaally have a good rep, fininacially. Especially as compared to Intrawest or American Ski corp which are much higher leveraged. Real Estate is small at Vail (6% of revenue). The ski slopes themselves are federal land (leased). They do real estate on associated developments. I don't think they could have a liquidity crunch because they have a large line of credit available.
Regarding outsourcing: usually the revenue remains the same (based on end product sales). COGS remains ABOUT (maybe small incr or decr.) the same...what changes is portion of COGS spent on manuf versus raw materials...but that is usually not broken out anyway...for external eyes.) Also some other effects lower CAPEX, lower PPE, lower working capital, one-time charges/benefits (associated with sale of assets, cleanup of facilities, severances, etc.), lower depreciation.
The one example I'm familar with is drug manufacturing.
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