VR stock over $30 for first time since 1998 | VailDaily.com

VR stock over $30 for first time since 1998

Daily Staff Report

AVON – Vail Resorts’ stock closed above $30 for the first time since July 1998 on Friday.The stock closed at $30.20 on Monday on the New York Stock Exchange, up 11 cents. At the beginning of the year, the stock was trading at $22.32.In last week’s earnings report for the 2005 fiscal year, the company reported record revenue for its mountain and lodging divisions.Real estate projects in the works are expected to bring in profits over the next several years. The Arrabelle at Vail Square and Gore Creek Place projects, both now under construction in Lionshead, are expected to bring in $80 million to $92 million over the next couple of years.Beaver Creek had a record number of skier visits with 815,000. Skiers at Heavenly and Breckenridge also set records. The company owns Vail, Beaver Creek, Breckenridge and Keystone in Colorado and Heavenly near Lake Tahoe. It also operates and owns hotels.At initial public offering, Vail Resorts stock was selling for $22 a share. It hit an all-time high in 1998 of $32 a share, then plunged to a low of just under $13 a share following the Sept. 11 attacks.Vail, ColoradoVail, Colorado

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