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Vail Resorts (MTN) engages in the operation of ski resorts in the United States. The company operates in three segments: Mountain, Lodging, and Real Estate.
The Mountain segment operates seven ski resort properties, including the Vail, Breckenridge, Keystone, and Beaver Creek mountain resorts in Colorado; and the Heavenly, Northstar, and Kirkwood mountain resorts in the Lake Tahoe area of California and Nevada. Its resorts offer various recreational activities comprising skiing, snowboarding, snowshoeing, snowtubing, sightseeing, mountain biking, guided hiking, children's activities, and other recreational activities, as well as ski and snowboard lessons, retail merchandise and equipment rental services, dining venues, and private club services. This segment also leases its owned and leased commercial space, and retail stores; and provides real estate brokerage services.
The Lodging segment owns and/or manages a collection of luxury hotels under the RockResorts brand, and other lodging properties; various condominiums located in and around the companys ski resorts; destination resorts; and engages in the resort ground transportation and golf courses businesses. This segment operates approximately 4,900 owned and managed hotel and condominium rooms.
The Real Estate segment owns, develops, markets, and sells real estate properties in and around the companys resort communities.
Shares have formed a bullish "flag" and higher prices are expected for this stock. We are now hearing rumors of good news for this firm. One of the rumors states that this stock will be named by a leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares. This naming should be the catalyst that is needed for the shares to move to the upside.
52-Week Trading Range: $37.54 - $59.49
Last Trade: $57.50
Stop Loss: $54.65
Target Price: $63.30
MTN got caught in the market down draft. We closed the position at $54.40 when it dropped below our stop loss.
