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Peak Resorts (Nasdaq: SKIS) Gets Capital Injection

Peak Resorts Inc. – Nasdaq: SKIS

SKIS is experiencing higher values on larger volumes. Investors appear to be reacting to the news that the United States Citizenship and Immigration Services (USCIS) have approved the first I-526 Petition submitted by an investor in its Mount Snow EB-5 program, through which Peak Resorts Inc has raised $52 million in capital for infrastructure improvements for Mount Snow ski resort in West Dover, Vermont.

Peak Resorts Inc., headquartered in Missouri, is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. It trades under the Nasdaq ticker SKIS. Peak Resorts Inc. operates 14 ski resorts primarily located in the Northeast and Midwest, 13 of which we own. Most Peak Resort’s Inc. properties are located within 100 miles of major metropolitan markets, including New York City, Boston, Philadelphia, Cleveland and St. Louis. The resorts are comprised of nearly 1,890 acres of skiable terrain and offer dining, lodging, equipment rentals and sales, ski and snowboard instruction, mountain biking, music festivals, and zip line tours.

Per Timothy D. Boyd, president and chief executive officer of Peak Resorts, “Once completed, the West Lake project will allow Mount Snow to start each ski season with as much as 50 percent of its terrain open. It will also provide enough water to eventually cover 100 percent of our trails with snowmaking. Further enhancing the ski experience at Mount Snow should help us gain an even greater share of the Vermont ski market – the No. 1 market in the region.”

Six firms rate SKIS as a “Strong Buy”. Sales have been relatively stable. In 2011, sales topped $82 million and increased to $105 million in 2014 before dropping a bit in 2015 to $95.7 million.

Always perform your own due diligence before making any decisions regarding the buy or sale of any stock. The below data is provided without any guarantee of its accuracy.

Ticker Symbol SKIS
Last Price a/o 2:04 EST  $                     5.78
Average Volume 26,500
Market Cap $69 million
Sales $99.7 million
Shares Outstanding 13.7 million
Share Float 10.34 million
Shortable Yes
Optionable Yes
Inside Ownership 23.27%
Short Float 0.50%
Short Interest Ratio 1.94
Quarterly Return 9.31%
YTD Return -16.00%
Year Return -20.76%

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Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

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