Life Time Fitness LTM represents one of the most compelling investment opportunities amongst smaller cap consumer stocks, in our view, Oppenheimer reports.
“Several quarters ago, amidst broad-based macro deterioration, LTM put on hold its aggressive new unit expansion plans and refocused upon positioning the chain to weather a potentially lengthy economic downturn,” Oppenheimer writes.
“This strategy paid off significantly for LTM. Trends improved steadily at the chain through 2010. LTM now enjoys the flexibility of a less debt-encumbered balance sheet and is armed with a better knowledge of how to effectively utilize advertising dollars and its in-center service offering to grow and retain memberships. We believe LTM is increasingly well positioned to soon restart a more aggressive new unit opening schedule.”
Life Time Fitness closed Thursday at $41.51.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in