February 10, 2006
Stock to Watch — Life Time Fitness (LTM)
I noticed LTM on the new highs list. It broke out on over 6.5 times average volume so I’m going to add it to my Watchlist at stocktickr. (I’ve run out of invites to join, sorry.)
While watching Desperate Housewives (yes, I was desperate to watch something), I noticed that Susan and her mother went for a spa treatment together, and I thought, huh, spas are now a thing for the masses. Is there an angle to play this? Spas and Resorts going mainstream is part of the “vanishing middle class” play.
Life Time Fitness, Inc. and its subsidiaries engage in the design, building, and operation of sports and athletic, fitness, family recreation, and resort/spa centers, principally in suburban locations of metropolitan areas. The company was founded by Bahram Akradi. It was incorporated in 1990 under the name FCA, Ltd. and changed its name to Life Time Fitness, Inc. in 1998. Life Time Fitness is headquartered in Eden Prairie, Minnesota.
February 10th, 2006 at 12:57 pm
looks good
February 12th, 2006 at 3:08 pm
The pure play on the spa boom is specialist Steiner Leisure (STNR).
Steiner Leisure’s array of services span the entire gamut of the spa experience: massages, aromatherapy treatments, seaweed wraps, saunas, steam rooms, aerobic exercise, hair styling, manicures, and pedicures.
Steiner is a play on retiring Baby Boomers — 1 out of every 3 spa-goers are Baby Boomer couples. Metrosexuality is en vogue, meaning husbands are in the spa and not on the golf course.