1043432--10/30/2006--AMERICAN_SKIING_CO_/ME

related topics
{condition, economic, financial}
{debt, indebtedness, cash}
{financial, litigation, operation}
{loan, real, estate}
{personnel, key, retain}
{cost, operation, labor}
{cost, regulation, environmental}
{product, market, service}
{stock, price, operating}
{cost, contract, operation}
Our business is substantially leveraged and we face a number of financial risks. Our business is highly seasonal and unfavorable weather conditions can adversely affect our business. We operate in a highly competitive industry which makes maintaining our customer base difficult. Changes in regional and national economic conditions could adversely affect our results of operations. Our business is subject to heavy environmental and land use regulation. Failure to cure the alleged default under the Ground Lease at The Canyons could have a material adverse effect on the Company. A disruption in our water supply would impact our snowmaking capabilities and impact our operations. Our revenues from real estate development are vulnerable to particular risks. The loss of any of our executive officers or key personnel would harm our business. Our business requires significant capital expenditures. These expenditures do not, however, guarantee improved results. Our company is controlled by a small number of principal stockholders. We are structured as a holding company and have no assets other than the common stock of our subsidiaries.

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