It plays very well into our consumer strategy of trying to own as many customers as we can around the world so we can move them to various of our leisure offerings.

We have the financial communities offering us capital so what kind of capital do we want? What is in the best interest of our company and our shareholder?

It could be a merger with another player, it could be joint-venturing a material part of our business with someone, it could be financing the company in a completely different way, it could be just maintaining the status quo.

Completing the sale of Mammoth Mountain Ski Area has strengthened our balance sheet considerably and we remain focused on our strategy of maximizing return on capital.

They come from a background of resorts and understanding resorts and lodging. They are also one of the strongest real estate players in North America.

Everybody is again trying to second guess what the Fed is going to do. The assumption is when they stop, the market will do well. But we are at a very delicate time.