For sure the MTN customer has disposable income and their portfolio has increased and thus they will have confidence to spend more money on skiing and all other winter vacations At the same time it seems to me there really is a very high risk for this company to increase in value , you not only need outstanding dependable conditions for the whole season , but the markets to continue to increase. At the price MTN is today I would lighten up and for sure not initiate a position. Risk reward does not make sense.
Well they did not get perfection. No snow in Tahoe . As I have said as well as others the risk was to high. But why were so many analysts willing to take the risk and had it on their buy list. i am sure when they went on their ski vacations they did not get free tickets or free lodging or flights. But I would not bet against guides , instructors and other fringes.. In other words shown a great time.