POWDR Buys Copper
Saturday, December 5th, 2009Did all y’all catch this? Park City based POWDRÂ Corp bought Copper Mountain from Intrawest. According to CBC news and Bloomberg, Intrawest has lost 71% of its value. Uh, one more time for the back row, 71%. I’m not a finance guy but that sounds bad to me. On the plus side maybe there will be a yard sale on ski resorts…and truth be told I’ve always had a hankering for Whistler/Blackcomb. If that thing drops below the jumbo mortgage limit I’m making a bid.
Oh, and just a quick FYI to POWDR Corp…you misspelled powder. Awkward at this point but the way you’re snapping up resorts you might want to fix that before somebody notices. You don’t see people struggling to spell all of our other synonyms for snow: ice, graupel, sleet, knee-cracking glacial death crust, etc. And really Powder is the best variety, no matter what the corn snow advocates would claim. So, y’know, kick down another “E”; we won’t confuse you with the magazine.
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