Wow Patrick, this is a complete tour to response to a huge conversation <IMG SRC="http://www.firsttracksonline.com/discus2/clipart/happy.gif" ALT="

"> <BR> <BR>First : Net Income is the traduction of "Bénéfice Net" = Profits $$$$$$$ all in the pockets of the company and the shareholders eventually (although it's not necessary cash flows... too complicated to explain that here). Of course, it's before the dividends, but it's after income tax and abnormal things. So before income tax, it's 1,6M of profit for St-Sauveur and 68M $ of profit for Intrawest. (I like so much the income statement of St-Sauveur which shows the "part of shareholders without control" for a big 834$ compared to 44 135 899$ of revenues <IMG SRC="http://www.firsttracksonline.com/discus2/clipart/happy.gif" ALT="

">) lol (this is not really normal) <BR> <BR>Thanx a lot for the chart of opening / closing date of Killington in the 70s and early 80s. <BR> <BR>You're somehow right to say Intrawest do big profits cause they understood that it was not a good idea to operate their resorts laaaate in the season. In fact, for the big ski areas and organization, it's tough to operate daily and on the ground basis, cause they plan their activities 2 years before and they don't want to exceed 0,01$ of their budget. It's why it may be more some independant little organization ski areas that could finish late in the season now. <BR> <BR>You're also right for the diehard skiers. The best proof is effectively the popular single chairlift of Mad River Glen. You must really like skiing to take it... alone for 15 minutes, going for some of the best terrain in the East, on legendary trails like Chute / Fall Line / Cat Bowl, Lower Antelope and Paradise (more recent). Here, we Have Alta and Shefford for little Mad River. Alta have the old rusty double chairlift and the very best global extreme terrain in QC and Shefford have the old t-bars in which 75% of people don't reach the summit, to let us the best powder, every day of season, on the big summit part of the mountain. <BR> <BR>You don't have to wonder why Alta is my favorite ski area (equal with Orford now) even though I skied a good lot of 2000'+ high ski areas. This area just breath ski... diehard ski. Just looking to the owner, Oswald Lingat, you understand this is the ultimate diehard mountain. (honestly, this is the only CEO that ever sharpened my skis) LOL <BR> <BR>Of course, most of the best extreme skiers in Quebec are at La Réserve. I think near 50% of the local skiers have already jumped off the 12' high cliff at the end of the second pitch of la Chute Libre ! lol ! (I've even seen often a line up to jump off it) RE-LOL ! It's the only place where I've seen a skier jumping a cliff of more than 30' high (and he succeeded it... crazy). But in general, it's a semi-diehard mountain, as the lower mountain is boring except few trails and the new quad is extra-comfortable, so it looks to be a sweet diehard mountain <IMG SRC="http://www.firsttracksonline.com/discus2/clipart/happy.gif" ALT="

"> <BR> <BR>If Alta had snowmaking (like in the past they had), I think it would be able to beat Superstar without too much problem. It would be the perfect ski area to beat it. They have the "true ski" mind, super diehard mind, they just have 10-15 employees at all, they're in one of the most snowy place in the southern Quebec and the place holds the snow incredibly. Without snowmaking, they closed 1 week after many ski areas in New England and Colorado. La Principale could beat Superstar as it's near the chairlift, it's wide and one of the best mogul trails in southern QC (if not the best at all) and guess what... canyon stiled lower part <IMG SRC="http://www.firsttracksonline.com/discus2/clipart/happy.gif" ALT="

"><IMG SRC="http://www.firsttracksonline.com/discus2/clipart/happy.gif" ALT="

"><IMG SRC="http://www.firsttracksonline.com/discus2/clipart/happy.gif" ALT="

">. But forget that for now, anyway, to have the money to have snowmaking, they would have to change their mind of "WILD ski area" anyway and I don't expect that in the coming years (except if I win to the jackpot). <BR> <BR>So what a conversation here... just too much interesting !