Vail Resorts, Inc. (NYSE:MTN)
The Company and its subsidiaries currently operate in three business segments: Mountain, Lodging and Real Estate.
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Recs
Early snow = more time on the slopes = more lift ticket sales. Real estate valued understated.
Recs
Think of all that eye popping real estate that everyone I know wants to visit, and you've got a winner here.
Recs
Solid growth model.
Recs
Dominant player in its field. Although skiing and snowboarding are not cheap activities, there is the uber rich, from here in the US as well as abroad, who will not be as sensitive to the macro-economic trends, who will continue their frolic in the snow. Vail, Resorts offer a broad range of ski slopes for tourist and skiiers/boiarders of all sorts. The other lifestyle elements: restaurants, shopping, spa familities are varied and dependable.
Recs
Although near altime high, P/E is in the low range for MTN. Long term, land assets should be very valuable.
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Vail is always crowded, and the land value is enormous.
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Especially with early snowfall, Vail ought to see fabulous earnings this year.
Recs
Every year brings more acreage, more skiers and more debt. If they fail to slow their increasing debt they could lose a good deal of stock value, yet if they continue to run some of the most premiere ski resorts in america there ability to generate income in the winter months is undeniable.
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