Though Squaw's most obvious attraction is the mountain's awesome 4, 000 acres of skiable terrain and 2, 850-foot vertical drop, the area abounds with activities year-round, including golf, climbing, horseback riding and hiking.

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Vertical acquisitions usually make good sense, so what companies could be considered within this area?

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The VIX Index (aka the Fear Index) is also showing a low level of fear (high level of bullishness and complacency), bouncing around 20, in the area associated with rally tops since the last bull market ended in 2007, as marked by the vertical red lines in the chart below.

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