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re: Planet Fitness loses $400m market cap, doubles down on DEI

Posted on 4/22/24 at 12:25 pm to
Posted by East Coast Band
Member since Nov 2010
62759 posts
Posted on 4/22/24 at 12:25 pm to
How are their gym membership numbers?
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72613 posts
Posted on 4/22/24 at 12:41 pm to
go woke go broke

oh well
Posted by LegalEazyE
Madison, Wisconsin
Member since Nov 2023
2121 posts
Posted on 4/22/24 at 12:43 pm to
quote:

Sucks for their shareholders.


Someone is being compensated for this. I'd love to know the actual structure of this ideology.


BlackRock will bail them out.
Posted by The Levee
Bat Country
Member since Feb 2006
10690 posts
Posted on 4/22/24 at 12:43 pm to
quote:

ends up being a Morton’s Fork where doing this shite kills your business while not doing it starves your business of needed capital and it dies a slow death.



Good. Let the small businesses take over with ZERO DEI
Posted by ChatGPT of LA
Member since Mar 2023
282 posts
Posted on 4/22/24 at 12:50 pm to
quote:

My understanding is that DEI is required to keep your business able to access various lines of credit due to banks requiring it.


LOL....banks only real revenue is from loans. Let them stop, it will create a great competition in marketplace
Posted by Norbert
Member since Oct 2018
3144 posts
Posted on 4/22/24 at 12:58 pm to
quote:

Who ever guessed a fitness chain that serves pizza, donuts, and soft drinks to its customers would double down on stupidity?


I’ve had good experiences every time I’ve gone to one.

Clean. Plenty of equipment.

I wear sleeves, don’t scream, drink out of a regular water bottle (as opposed to a gallon jug), and don’t take steroids.

So, it has worked in a pinch when I’m out of town.
This post was edited on 4/22/24 at 1:00 pm
Posted by tadman
Member since Jun 2020
3810 posts
Posted on 4/22/24 at 4:50 pm to
quote:

There’s a massive difference in DEI and allowing a man inside a women’s locker room



Not really. DEI is the philosophy that says we have to include men posing as women as long as "they're like totaly sincere about it" and vote dem. Being mean to them, especially telling them not to use the women's toilet/locker, is discriminatory.
Posted by LRB1967
Tennessee
Member since Dec 2020
15551 posts
Posted on 4/22/24 at 5:02 pm to
Tranet Fitness
Posted by ronricks
Member since Mar 2021
6526 posts
Posted on 4/22/24 at 5:17 pm to
I’ve heard homeless people have started to use them strictly to use the bathrooms to shower etc. because memberships are so cheap.

Nothing wrong with a cheap gym but a woke cheap gym might be a step too far.
Posted by jrobic4
Baton Rouge
Member since Aug 2011
6948 posts
Posted on 4/22/24 at 6:02 pm to
I really shoulda shorted the frick out of this stock when all thid first came out!

Posted by TigerAxeOK
Where I lay my head is home.
Member since Dec 2016
24782 posts
Posted on 4/22/24 at 6:34 pm to
quote:

Sucks for their shareholders

I understand that investment portfolios are extremely diverse and variegated, but...

I cannot imagine myself waking up one day and thinking, "hey, I think I'm going to invest in Planet Fitness stock!"

I mean...
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