|Bid||229.55 x 1400|
|Ask||229.94 x 1000|
|Day's Range||227.01 - 229.86|
|52 Week Range||179.60 - 302.76|
|Beta (3Y Monthly)||0.90|
|PE Ratio (TTM)||30.90|
|Earnings Date||Sep 26, 2019 - Sep 30, 2019|
|Forward Dividend & Yield||7.04 (3.12%)|
|1y Target Est||247.18|
Vail Resorts Inc. (NYSE: MTN) is acquiring Peak Resorts Inc. (NASDAQ: SKIS), the owner of 17 U.S. ski areas — including three resorts popular among D.C.-area skiers. Broomfield, Colorado-based Vail Resorts will purchase Wildwood, Missouri-based Peak for $11 per share, or an estimated $264 million.
Peak Resorts Inc., the Wildwood-based ski resort owner and operator, has agreed to be acquired by Vail Resorts Inc. for about $264 million in cash.
BROOMFIELD, Colo., July 22, 2019 /PRNewswire/ -- Vail Resorts, Inc. (MTN) today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. (SKIS) at a purchase price of $11.00 per share, subject to certain conditions, including regulatory review and Peak Resorts' shareholder approval. Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of world-class resorts.
Peak Resorts, Inc. (SKIS) (“Peak Resorts” or the “Company”), a leading owner and operator of high-quality, individually branded U.S. ski resorts, today announced that it has entered into a definitive merger agreement with Vail Resorts, Inc. (MTN) (“Vail Resorts”) pursuant to which Vail Resorts will acquire all outstanding shares of common stock of Peak Resorts for $11.00 per share in cash. The transaction represents a 116% premium to Peak Resorts’ closing stock price on July 19, 2019. The transaction is expected to close in fall 2019 and is subject to certain conditions, including a vote of Peak Resorts shareholders and antitrust clearance.
A strong season pass program, increased focus on acquisitions and mergers along with efficient marketing efforts bode well for Vail Resorts (MTN).
(Bloomberg) -- South African wireless carrier Cell C Pty Ltd. has begun talks to delay debt payments and hired consultants to probe its business practices and advise on a restructuring, sending shares in its biggest investor to a decade low. Cell C is laboring under 8.9 billion rand ($639 million) of debt and trying to secure new funding from a consortium of investors. The company has begun a round of cost cuts, has frozen hiring and is reviewing its contracts, wrote Douglas Craigie Stevenson, Cell C’s chief executive officer, in an open letter.Cell C has struggled to compete with Vodacom Group Ltd. and MTN Group Ltd. -- well established carriers that control the bulk of the South African market in wireless services and operate the biggest networks. It has 2.6 billion rand of debt maturing in August next year.“We are engaging with our lenders to re-term our debt and allow us sufficient time to implement the Buffet transaction,” Craigie Stevenson wrote in an email reply to questions from Bloomberg, referring to the funding talks with the Buffet Group. Cell C has paid 116 million rand in interest due to bondholders for June and a further 90 million rand on another funding arrangement with local banks, added Craigie Stevenson, who replaced CEO Jose dos Santos earlier this year.Shares in Blue Label Telecoms Ltd., which led a recapitalization of Cell C almost two years ago and holds a 45% stake in the carrier, fell more than 15% to their lowest since 2008.PricewaterhouseCoopers will audit Cell C’s procurement practices and review processes, and law firm Bowmans will investigate any irregular business practices, according to the letter. Deloitte has been named as an independent financial restructuring adviser.“Cell C has a zero-tolerance policy towards illegal or unethical activity,” Craigie Stevenson wrote in the letter.(Adds shares at decade low in first paragraph.)To contact the reporter on this story: Loni Prinsloo in Johannesburg at firstname.lastname@example.orgTo contact the editors responsible for this story: Thomas Pfeiffer at email@example.com, Frank ConnellyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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BROOMFIELD, Colo. , June 11, 2019 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that Chairman and Chief Executive Officer Rob Katz has exercised stock appreciation rights (SARs) and will ...
Vail Resorts (MTN) banks on mergers and extensive marketing to drive top-line growth. Meanwhile, increased operating expenses hurt the company's profits.
Vail Resorts Inc NYSE:MTNView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for MTN with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MTN are favorable, with net inflows of $4.36 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Investing.com - Vail Resorts rallied on Friday on better-than-expected guidance and earnings as favorable weather and bullish spring sales boosted performance.
Colorado and other western U.S. resorts helped Vail Resorts Inc. (NYSE: MTN) to a successful third quarter of this fiscal year, even as the international operator still deals with weaker than expected international visitation. CEO Rob Katz said that he was “pleased” with the results, which covered the busiest time of the ski season for Vail’s North American resorts. In most areas — ranging from lift revenue to ski school to retail/rental revenue — Vail Resorts officials credited the growth in revenue largely to a pair of acquisitions that it made shortly before the 2018-19 ski season and to growth in visitation to its western U.S. resorts.
Driven by season pass programs and increased segmental revenues, Vail Resorts (MTN) witnesses year-over-year sales growth in the third quarter of fiscal 2019.
Vail Resorts (MTN) delivered earnings and revenue surprises of 1.28% and 0.21%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Colorado’s skiing sector recovered from two down years by shredding past skier-visitation records this season, drawing 13.8 million daily visitors to the state’s slopes through a combination of good snow, increasing resort investment and growing enthusiasm among the sport’s participants that spread the economic success across resorts large and small. Colorado Ski Country USA President/CEO Melanie Mills announced the numbers at her organization’s annual meeting Thursday at the JW Marriott Denver Cherry Creek, combining preliminary figures from the 23 CSCUSA resorts with estimates of visits to the state’s five non-member resorts, each of which are owned and operated by Vail Resorts Inc. (NYSE: MTN). Mills attributed the record season — which is ongoing, as both Aspen and Arapahoe Basin remain open to skiers on weekends — largely to great snow that Colorado resorts received from October through May. Though it was not a record snow dump — despite the fact that the state is experiencing record snow pack this late in the season — the powder fell from the sky throughout the season and throughout the state, giving consistent conditions for visitors to enjoy.
BROOMFIELD, Colo. , June 6, 2019 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the third quarter of fiscal 2019 ended April 30, 2019 , as well as the Company's results of its ...