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Resort developer Intrawest's $100m share offer: thumbs up or down?

 Poster: A snowHead
Poster: A snowHead
Intrawest, the developer of Whistler-Blackcomb in Canada, Arc 1950 in France ... and developer/operator of many other ski resorts ... has filed an 'initial public offering' (IPO) this week of up to $100m in shares ...

Denver Business Journal report
http://www.bizjournals.com/denver/news/2013/11/12/ski-resort-operator-intrawest-files.html

The offer prospectus
http://www.sec.gov/Archives/edgar/data/1587755/000156761913000131/s000092x2_s1.htm

... which has met with a mixed response from Kyle Stock, commentator for Businessweek ...

"Intrawest's Ski Business Goes Downhill Toward IPO"
http://www.businessweek.com/articles/2013-11-15/intrawests-ski-business-goes-downhill-toward-ipo

Any views on this?

[More news/buzz/video/history at WTF Ski Club: https://www.facebook.com/groups/325182624251298/?ref=br_tf ]
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