Time To Hit The Gym Stocks?
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 3 January 2023
⏱️ 28 minutes
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| 0:00.0 | Flying delivery drones are finally here. Yes, really. Motley Fool Money starts now. |
| 0:12.5 | I'm Chris Hale, joining me today at Motley Fool's Senior Analyst, Jason Moser. Happy New Year. |
| 0:20.4 | Happy New Year to you. Let's start the first trading day of 2023 by talking about something |
| 0:26.3 | that so many people focus on in early January and that is physical fitness. |
| 0:31.1 | Oh, I thought you were going to say taxes or something like that. No. I don't want to start the |
| 0:36.8 | year on a downer. Nobody does. Nobody does. Although, you know, physical fitness isn't necessarily |
| 0:43.8 | all that fun anyway. You know what? People should just stop listening now. No, I did want to get |
| 0:48.3 | your thoughts on this because Chris Rondo, who's the CEO of Planet Fitness and he's been this |
| 0:52.8 | CEO for 10 years. He was on CMBC this morning. And like any responsible CEO, he was talking his |
| 1:01.6 | own book. He was talking up the strength of the Planet Fitness business. And when he got |
| 1:07.7 | question about Peloton and at-home fitness, I thought he handled it well because he said, |
| 1:13.3 | look, there's always been a push for at-home fitness, even invoking Richard Simmons and Jane |
| 1:21.7 | Fonda workout video, something that younger listeners are- it might be scratching their head at, |
| 1:26.8 | but older people like you and me, not along and say, oh yeah, I remember that. |
| 1:32.4 | But it prompted me to sort of look back at the business of Planet Fitness pre-pandemic. |
| 1:40.7 | And I guess my question for you is, is this a business that you think is worth a look? |
| 1:47.1 | Again, there's always enthusiasm for physical fitness at the start of the year. And |
| 1:54.5 | if you can tell me that they're going to retain a high percentage of the new customers they get, |
| 2:00.2 | then I think I'm more interested. But what do you see when you look at the books of Planet Fitness? |
| 2:05.4 | You know, I think at first I probably would have said just no full stop. This is not a business |
| 2:13.2 | I'm really interested in and just kind of moving forward. I mean, I'm not anti-fitness, don't get me wrong. |
| 2:18.9 | But it is one to your point. I mean, it is one where it feels like it gets a lot of high fitness, |
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