Vail Resorts: No Positive Developments In Sight

JulPo/E+ via Getty Images I wrote about Vail Resorts (NYSE:MTN) previously (Jan this year) with a hold rating as I was not sure if the business could meet its FY24 guidance given the weak consumer spending environment. Based on the recent performance, I don't see any positive developments in the investment case for MTN. In contrast, I believe demand is going to remain weak given the challenging macro environment, high price point, and poor structural weather headwinds ahead. To recapture demand, MTN most li ...