A series of storms have left large swaths of the Western part of the United States with significant snow much to the delight of skiers. The Southern Sierra snow pack in California is the largest on record at 247% of average levels at this time of the year. This late season snow will hopefully make for great Spring skiing conditions. One of the largest mountain resort companies in the world is going to benefit from these conditions and it is not surprising that they recently announced a buyback.
Vail Resorts (MTN) which operates 41 destination mountain resorts and regional ski areas has expanded its share repurchase by an additional 2.5 million shares to approximately 3.5 million shares, representing around 6% of its market cap at announcement.