Trotski and I had a bet going last year where I took Vail Resorts and he bet on K2 skis in this thread
. Unfortunately he used real money.
: JH Refugee took American Skiing Company and lost his shirt. Anyway, Vail resorts was at $38 at the beginning of May, and has been sliding since. So, the stock price is actually low right now at about $35, and is not getting a big kick up on the latest news. So, it could be investors see this news as a short-term blip.
Overall, betting on any skiing related stock seems to be a dicey gamble. If you really need a loss to writeoff, I suggest any American Skiing Company (AESK.OB) currently at 18 cents. IntraWest has been doing OK, but losing value since May. Could be that investors just don't buy skiing stock in the summer. I think I'll take the hint and follow that lead.
: (or you could take stock advice from JHrefugee