American Skiing Co. - 2001 dated Recreation Stock Certificate
Inv# SR1005 Stock
Maine
New York
Stock printed by American Bank Note Company. Very Rare Popular Topic!!! American Skiing Company was a prominent operator of alpine ski, snowboard, and golf resorts across the United States. Its portfolio featured notable locations such as Sunday River and Sugarloaf in Maine, The Canyons in Utah, as well as Killington, Mount Snow, Haystack, Heavenly, and Steamboat. However, in the early 2000s, the company divested all its assets and ceased operations in 2007. In 1980, Les Otten, the son of a German immigrant, acquired the Sunday River resort for $840,000 from the Sherburne Corporation. At that time, Sunday River had only one double chairlift and a few surface lifts. Over the course of the 1990s, Sunday River gradually developed into New England's second most popular resort. In 1994, Otten established LBO Resort Enterprises Corp and subsequently acquired Attitash Bear Peak in New Hampshire. By 1995, Sugarbush in Vermont was incorporated into the LBO resorts portfolio.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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