Baron Funds Comments on Vail Resorts

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Jun 07, 2017

Shares of ski resort company Vail Resorts, Inc. (NYSE:MTN) increased in the first quarter on an earnings report that beat Street expectations due to increased visitation and spend levels in a strong ski season. Vail’s recent acquisitions of Whistler Blackcomb, Park City, and Perisher continue to help drive season pass sales and visitation, which will help insulate earnings from poor snowfall seasons and improve its cash flow. (David Baron)

From the Baron Focused Fund first quarter 2017 shareholder letter.