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Monday August 17, 2009

PennyOmega.com Stock Report!

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Vail Resorts, Inc. (NYSE: MTN) announced today a four-year sponsorship agreement with World Champion American skier Lindsey Vonn. Vonn, a two-time World Cup Overall champion, is preparing for her quest to win an “epic” five gold medals at the 2010 Olympic Winter Games.

Lockheed Martin Space Systems Company, a major business area of the Lockheed Martin Corporation (NYSE: LMT), today announced employment reductions aimed at improving its competitive posture. Space Systems will implement a broad-based workforce reduction of approximately 800 employees by year-end. The reductions represent about 4.5 percent of the overall workforce and will impact all levels and disciplines,

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Vail Resorts Inc. (MTN) gained slightly in afternoon trading to go past its 200-day moving average of $25.76. The average estimate on the company's full-year earnings has gone up by 9 cents per share to $1.29 in the last month. Vail is a Zacks#2 Rank ("Buy") stock.

"MTN" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Vail Resorts Inc. (MTN) reported third-quarter earnings per share of $1.68 that fell well short of last year's $2.24, but was still able to beat the consensus of $1.55 by more than 8%.

However, resort revenue was down 12% while real estate revenue slipped 82%. Skier visits were off 9%. As a result, total revenue declined 21% to $333.5 million.

A 26% increase in 2008-09 season-pass revenue offset the decline partially.

Vail Resorts expects to earn between $41 million and $51 million for the current fiscal year.

The average forecast for the fiscal year ending July 2009 remains steady at $1.20 per share over the past month. Two months ago, the consensus was pegged at $1.13 per share.

Shares of this Zacks #3 Rank ("Hold") is down a little more than 1% this afternoon on lower volume of 336,000 shares, versus the daily average of 385,609.

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Vail Resorts Inc (MTN) reported a fourth-quarter loss that was wider than consensus estimates, as revenue from its mountain resorts dropped due to the ongoing economic crisis. The company also said it expects its 2009 profit to fall short of year-ago levels. Vail sees income in the full-year to range between $60 million to $76 million, down from the $102.9 million reported in 2008. Analysts were expecting earnings of $2.74 a share in 2009. The stock shed more than 6% to trade at $37.89.

"MTN" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Vail Resorts, Inc. (MTN), based in Bloomfield, Colorado, is a mountain resort operator with subsidiaries that also handle real estate development and lodging. Vail’s mountain subsidiary operates the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Hospitality owns and/or manages a portfolio of luxury hotels under the RockResorts brand, as well as a number of hotels and condominiums, including three destination resorts and six golf courses. The real estate segment of the company, Vail Resorts Development Company, holds, develops, buys and sells real estate in and around Vail’s resort communities.

Last week, the company announced it has entered into an agreement with East West Resort Transportation Holdings, LLC to acquire the resort ground transportation business, Colorado Mountain Express (CME), for $40.5M. CME offers ground transportation from both

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