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Planet Fitness
Posted on 3/18/20 at 2:53 pm
Posted on 3/18/20 at 2:53 pm
Down to 27 from a peak of 87 on Feb 17th, people panic selling due to gyms being closed, but it's not like people are going to start cancelling memberships because the gyms are closed for a little bit?
The CEO has been shoveling money into the stock
eta: up to $43 as of 3/24
The CEO has been shoveling money into the stock
eta: up to $43 as of 3/24
This post was edited on 3/24/20 at 9:33 am
7
Posted on 3/18/20 at 2:55 pm to DVinBR
quote:
but it's not like people are going to start cancelling memberships because the gyms are closed for a little bit?
They are probably suspending memberships, which means no revenue is coming in.
Posted on 3/18/20 at 2:56 pm to DVinBR
If people can’t pay 10/month for a gym membership then we are worse Off than I thought
Posted on 3/18/20 at 5:10 pm to DVinBR
Sounds like Planet Fitness might be a good investment in the future.
Posted on 3/18/20 at 5:15 pm to Ponchy Tiger
Read there is slight concern people would buy home equipment and not return to a gym after this all blows over.
Maybe that reasoning doesn’t apply to a gym only charging $10/month
Maybe that reasoning doesn’t apply to a gym only charging $10/month
Posted on 3/18/20 at 5:26 pm to Ponchy Tiger
quote:
Sounds like Planet Fitness might be a good investment in the future.
Agreed. Is the concern then just over how long before it rebounds?
Posted on 3/18/20 at 5:48 pm to DVinBR
quote:
it's not like people are going to start cancelling memberships because the gyms are closed for a little bit?
fricking exactly. Great buy
Posted on 3/20/20 at 10:59 am to DVinBR
Did anyone buy this? She’s moving nicely. I want to buy, not sure when to enter.
Posted on 3/20/20 at 11:02 am to Huge Richard
Bought @ 28.62
Posted on 3/21/20 at 2:57 pm to 632627
quote:
Maybe that reasoning doesn’t apply to a gym only charging $10/month
I don’t see how it would, gym equipment is super expensive, especially for someone starting from scratch. The average planet fitness member usually aren’t that serious about working out. They have free pizza and bagel parties once a month for members
Posted on 3/21/20 at 4:10 pm to Huge Richard
A lot of $20 puts for April 17th. Might be best to wait until after. If the price is anywhere close everyone knows it will be manipulated.
Posted on 3/22/20 at 12:01 am to DVinBR
I swear I read somewhere today they just laid off 400 out of 500 of their home office employees ?
Posted on 3/24/20 at 9:32 am to DVinBR
shameless bump
Posted on 3/24/20 at 9:33 am to DVinBR
Posted on 3/24/20 at 9:37 am to Yak
nice, yeah i bought a single $65 strike call option expiring may 15th for $35 that same day
market price has it up over 100%, but ask prices have it up over 300% right now
market price has it up over 100%, but ask prices have it up over 300% right now
This post was edited on 3/24/20 at 9:38 am
Posted on 3/24/20 at 9:41 am to DVinBR
quote:I know exactly 3 of those words
nice, yeah i bought a single $65 strike call option expiring may 15th for $35 that same day
I'm pretty new to this shite. I have some play money so I decided to invest in stuff that I figured would rebound. All these instafluencers have the young kids joining gyms left and right, it ain't going away because of this little blip
Posted on 3/24/20 at 10:08 am to Yak
Bought yesterday @ $35, whooping 3 shares
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