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FPA Queens Road Small Cap Value Fund's investment thesis on Vail Resorts Inc. ($MTZ) — Q2 2024 | Buyside Digest

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$MTZNYSEVail Resorts Inc.

BEAR

FPA Queens Road Small Cap Value Fund—MTZ

Fund Letter

Q2 2024

Published June 30, 2024

View Fund Profile

$261.76USD

+10.4% vs last month

$100.58Pitched

+160.3% since pitch

Market Cap$21.0B

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

MasTec operates in infrastructure contracting across clean energy and telecom, but the fund fully exited the position due to low margins, aggressive competition, and guidance reductions. The manager lost...

— Steve Scruggs

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