On 9/18 we will be watching Vail Resorts (MTN)

Vail resorts last week just bought out another resort mountain and its stock price just jumped up. However, I dont expect its earnings to be that good, I think there is going to be a drop. Especially from the high price that enthusiastic investors drove the price up by. Lets take a look:

As you can see, this was taken as very big news. What we are going to wait and see is if the growth is done being repriced into the stock. We are looking at the analysts estimates and the stock is not in most likelyhood going to have a good earnings announcement.
Plus, due to its recent climb up, this would be a good earnings play to buy puts on it. The stock is already stretched way north in price and that just makes it even more likely that any negative news such as a bad earnings report could cause it to snap back in part fairly quickly. Tommorrow should tell us what we need to know about any further upward movement.

Mark