Ron Baron Comments on Vail Resorts

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Feb 05, 2018

Vail Resorts’ (NYSE:MTN) share price also fell in the fourth quarter when limited snowfall in Colorado caused reduced visitation to the resort in December. This is although about half of Vail lift tickets were purchased last fallthrough its discounted Epic season pass program before ski season began. This and the geographically diversified network of ski mountains owned by Vail insulates the company to a large extent from revenue volatility due to weather.

From Ron Baron (Trades, Portfolio)'s Partners Fund 2018 shareholder letter.