Mom and Pop Ski Hills
There are a lot of places to enjoy snowboarding, from large resorts such as Vail and Whistler that draw from a global market, to the small day areas that predominate in the Midwest and much of the mid-Atlantic states.
Likewise, in ownership there is a great deal of diversity. You might buy a few shares in Vail Resorts, a publicly traded company (ticker symbols MTN).
But rarely can you buy shares in a company that operates a ski and snowboarding area. Some are fairly large private companies, such as Boyne USA, which owns operations in British Columbia, Michigan, Utah, and Washington.
Some areas are owned by state or local units of government. Others are co-ops.
Some, though, are true small-scale family operations. The other day I was at one such area, where I occasionally teach snowboarding. I approached one of the owners, and she greeted me by name.
I was impressed. Our most extensive exchange was at an end-of-season banquet last season. Yet here it was, months later, and she remembered me, though I am one of perhaps 200 people (ski patrol, snowsports school, back office, etc.) That’s not the kind of personal knowledge that you’re going to find in a mega-sized resort.