Vail resorts us famously having… issues. Their stock is down -50% in the last 5 years. Zero snow this year equals another bad financial year. Employee walkout and strikes, lawsuits, and equipment breaking left and right.
You would think skiing is a good bet though, right? Rich people love it, they build massive glamorous resorts, and own some of the best real estate in Colorado and other ski towns.
How low can it go? Will it ever get back to above $340?
$MTN. Vail resorts. How low can it go and could it ever be worth investing in again?
byu/Girldad_4 instocks
Posted by Girldad_4
3 Comments
I hope they go BK
Just my point of view,
But I’ve lived in Colorado for years.
Every single year traffic to ski towns gets worse.
It’s to the point where spending 2-3 hours driving is pretty normal.
Basically I don’t think they have room to increase their customers, and add bad snow years ontop.
I don’t see a world where they are going to be growing their revenue. I think they are at a generational top.
There’s been a decent amount of insider buying lately at these levels.
Even though the snow was horrible this year, I’m bullish for the long term 10+ year timeframe. Great dividend, rich people aren’t going to suddenly stop skiing, a lot of real estate land value, etc.