Based on these announcements, we do not believe that Vail is...

Based on these announcements, we do not believe that Vail is on the selling block. However, we are confident that Mr. Katz, with his deep knowledge of Vail and extensive private equity real estate background, will actively work to maximize shareholder value through balance sheet management, cost cutting (cheaper Denver office space for one), and through the continued monetization of the company's valuable real estate assets.