AMERICAN SKIING STOCK DIPS BELOW $1 FOR THE FIRST TIME
STEAMBOAT SPRINGSThe stock price for American Skiing Company, parent of the Steamboat Ski & Resort Corp., dipped below $1 a share this week for the first time since the company's initial public offering in late 1997. The stock known by the symbol SKI first came on the New York Stock Exchange at $18 a share.
In the last 12 months the stock dropped from $2.9 a share to 93 cents at the closing bell on Wall Street Friday.
ASC's stock had hovered at several cents a share above $1 for weeks and finally dipped to .99 on Thursday. By the end of the trading week on Friday, the share had lost another 6 cents on 25,500 shares traded.
American Skiing announced May 30 it would offer the Steamboat Ski Area and its other holdings in Steamboat for sale as part of a plan to get out from under heavy debt. The company reported an increase in third quarter resort earnings last week, yet the company's earnings per share were down 50 percent from a year ago. Earnings were just 19 cents a share compared to 42 cents a share during the third quarter of 2000.
WORKSHOPS OFFERS AMATEUR HISTORIANS THE WRITE TRACK
STEAMBOAT SPRINGS"Writing Local History," a workshop on how to write about people, places, events and traditions in a hometown, is presented by local writer Sureva Towler from 10 a.m. to 4 p.m. at the Art Depot Center in Steamboat Springs. Also keynoted by the authors of "Woven on the Wind," the workshop presents professionals and wannabe authors of books, newspaper and magazine articles, journals, guides and memoirs aspects of researching, writing, editing, designing, publishing, marketing and archiving. The seminar is free because of an underwritten grant from the Colorado Endowment for the Humanities to Legacy Books and Resource, a local nonprofit organization devoted to preserving and interpreting area history.
U.S. FOREST SERVICE URGES CAMPERS TO BE SAFE WITH FIRES
STEAMBOAT SPRINGSThe local U.S. Forest Service office released a warning to campers in Routt County to keep a close eye on their fires.
With the wind and sun beginning to dry out vegetation in the forest, the danger of fire increases, according the to Forest Service.
"I'd just like to remind campers to make certain their campfires are out when they leave even if they are just going for a short hike," said Dan Nielsen, law enforcement officer on the Routt National Forest. "A breeze can quickly fan a small smoldering fire into a huge blaze."
Visitors of the forest should not build fires within 100 yard of the blowdown area. Also, possessing and lighting fireworks is not allowed in any National Forest in Colorado.