Vail Resorts, Inc. (MTN, Financial), a global owner and operator of ski resorts, contributedduring the quarter on reports of season pass sales that were 33% above 2019 levels despite a 20% price cut. Season pass sales are a key component of growth as pass holders are the most frequent visitors to the resorts and the most likely to return the following season. Given the strong sales figures, we believe next year’s EBITDA should be significantly above pre-pandemic levels, generating robust cash flow for the reinstallation of Vail’s dividend and additional M&A.
Get Your 7-Day Free Trial!
Ron Baron Comments on Vail Resorts
Guru stock highlight
- The stock contributed to performance.
Also check out:
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Rating: 0 / 5 (0 votes)