iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Big Breakout For $PLNT Planet Fitness

The wins keep stacking up. $PLNT, another position of ours inside Exodus, is breaking out to fresh new highs on a fantastic earning report. Here’s a look at the action since the iPO:

Screen Shot 2016-08-12 at 12.40.08 PM__

Can you say accelerated revenue growth? What’s better than eating free pizza while working out? Long, with no plans to sell here.

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4 comments

  1. JPMorgains

    Winship abound.

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  2. matt_bear

    How does this company really make their money? Because it’s not from $10 a month membership.

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    • Rc

      The Netflix of gyms. Local one has 8,000 members. They try to up sell to $20 memberships, they convert a good bit. Even if they didn’t, 8000x $10 /month = 80,000. Fix cost maybe 30-40k/mo. Net 40-50k/mo each store with ease. Great business.

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