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Whistler Blackcomb may weather El Nino impact

A view of Whistler Mountain.El Ni?o is back and its drought and flood-making potential is anticipated to impact numerous sectors and companies around the world.But whether Whistler Blackcomb Holdings Inc., Canada’s world class ski resort, is one of them remains to be seen, says Theoni Pilarinos, analyst at Raymond James.“We are far from weather experts, but we returned and looked at Whistler\’s historical snowfall with what have been characterized as El Ni?o years,” said Pilarinos in a note to clients.“We saw no clear correlation in the last 10+years with some of the mountain\’s best and worst snowfall occurring in El Ni?o years.”Pilarinos is constantly on the give the stock an outperform rating with a $22 price target that represents potential upside close to 19 percent based on Whistler’s current share price near $19.30.The analyst believes that a weaker Canadian dollar and stronger U.S. consumer are positive catalysts for the ski resort heading into pick up.“We carried out our usual channel checks, that have indicated that the booking season has gotten off to a good start,” Pilarinos wrote.“Most destination visitors – particularly longer-haul guests – book 6+ months ahead of time, and December and January are ahead of pace vs. this past year.”