Vail Resorts Reports Fiscal 2012 Third Quarter Results & Spring Pass Sales Results
I don't know man, someone is cooking the books I think. They confess to this being one of the worst winters for snowfall, yet they somehow increased profits??!! hmmm..... I'm staying true to my short. I think this may go a bit higher, giving certain people their chance to "unload", and then it sells off, back to low 40's. if not lower.
I had the exact same initial thought. Some things to consider, MTN has real estate holdings, so there are a lot of ways to "interpret" the numbers(moving around COGS, tax credits etc). Also, MTN has a dividend. This could make the stock resistant to a drop, depending on the overall market. Bulls might say MTN caters to the upper crust, a healthy market, Bears look to global warming, or at least warmer temps right now. I am seeing a year and a half consolidation (triangle) on the weekly charts. This could be dead money for a while, or this could have been a "false upside breakout" from the triangle. I don't think we are going higher for real. I am long puts.