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A High-Barrier-To-Entry Strong Buy, Vail Resorts

Vail Resorts (MTN) is a premier mountain resort company and a leader in luxury, destination-based travel at iconic locations. The company operates in three separate, but highly integrated segments: (1) the mountain segment owns and operates ten world-class mountain resorts and three urban ski areas, (2) the lodging segment owns and/or manages a portfolio of luxury hotels and condos, resorts, and gold courses, and (3) the real estate development segment.

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