Vail Resorts, Inc. (MTN)

JMJeffrey (47.20) Submitted: 3/06/08 9:24 PM : Start Price: $40.65 MTN Score: -11.45

Time to go mountain climbing! Vail Resorts is an asset play with big, tall assets that will only appreciate and command higher prices than their stated book value. These areas are national treasures that will always be in demand year in and year out. Also a slight hedge against the falling dollar because of the attractiveness for foreigners to visit. Want to talk about moat? Keep your moat and I'll take a mountain. Vail is the big player in the some of the best Colorado ski resorts (Vail, Breckenridge, Keystone and Beaver Creek) which amounts to about 40% of the market. Also a resort in Lake Tahoe. The thesis on this one is pretty simple, is Colorado skiing, lodging and real estate likely to do well over time? Yeah, I thought the same thing too. When this solid company finally got down to a compelling price price due to recession fears and low early snowfall I decided it was time to go mountain climbing. Want to join me at the top. Nice view up here and looking better, outperform!

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