Is Vail Resorts Stock a Buy?
The travel and resort businesses have been devastated by COVID-19 in 2020, but you wouldn't notice it by the price of Vail Resorts' (NYSE: MTN) stock. Shares are down a relatively modest 5.5% over the past year, despite a volatile ride. The market doesn't seem to think that, long-term, the pandemic is going to be a big hindrance to business.
What's wild is that Vail Resorts still hasn't seen the biggest impact of the pandemic. When North America shut down in March, it was nearing the end of the ski season and entering the slower summer season for its resorts. It's now that the "rubber hits the road," and I think investors may be too optimistic about the future for Vail Resorts.
Image source: Getty Images.
Source Fool.com
