Jim Cramer Recently Talked About These 15 Stocks

13. Vail Resorts, Inc. (NYSE:MTN)

Number of Hedge Fund Holders: 35

Vail Resorts, Inc. (NYSE:MTN) is one of the 15 stocks that Jim Cramer recently talked about. During the episode, Cramer discussed Vail Resorts, Inc. (NYSE:MTN) and said:

“Is the travel and leisure bull market still with us? Last night, we got results from Vail Resorts… Well, this was basically an inline quarter. The market wasn’t too thrilled, sending the stock down nearly 3% today in what amounted to a pretty good session. Now, I got a soft spot for Vail because they have a portfolio of some of the best ski resorts on earth. It’s impossible for a competitor to put something together like this.…

Then last week, something happened that made me even more intrigued. Vail Resorts brought in new leadership, actually brought in old leadership… So investors were very bullish on this news, sent the stock up 8% in response. Although it’s now given back all those gains because of the quarter Vail reported last night, and that makes sense to me. Speaking of the quarter, you knew it wasn’t going to be great given that the CEO had just got ousted, right? I mean, it’s kind of a tell…

So, where do I come down on this stock after last week’s leadership shake-up and last night’s conference call? Long story short, I’m still finding this Vail Resorts intriguing down here, but it might take a little while to get the turn to happen. This remains a truly unique business, something that can’t be replicated, and you’re getting this opportunity to buy the stock at a fairly significant discount, as it’s currently trading at less than 20 times this year’s earnings estimates. By historical standards, that makes it pretty darned cheap. But man, it sure feels like Vail needs to do something to get its mojo back. Maybe they need to cut prices or at [the] very least, hold them steady. I like this idea….

But the bottom line: I think Vail Resorts has potential here, even if I’m not willing to pound the table on this one. If you want to bet on a comeback, I think you put on a small position now in recognition of just how cheap the stock’s gotten. But I’d like to see more of a turn in the business before truly sticking my neck out for Vail.”

Vail Resorts (NYSE:MTN) operates mountain resorts and ski areas while managing luxury lodging and real estate development, and it also provides a range of recreational and hospitality services.