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Motley Fool Hidden Gems Investing

Time To Hit The Gym Stocks?

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 3 January 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

'Tis the season for investing in your physical fitness. (0:21) Jason Moser discusses: - The relative strength of Planet Fitness - How "exercise at home" has been around for decades - Amazon actually testing flying drone deliveries in California and Texas (13:45) Dylan Lewis and Asit Sharma discuss what growth stock investors should be considering this year, as well as one business in particular with tailwinds (despite a tough environment). Stocks discussed: PLNT, PTON, AMZN, CRWD Looking for more investing ideas? Go to www.fool.com/report to get your free copy of our "5 Stocks Under $49" report. Host: Chris Hill Guests: Jason Moser, Dylan Lewis, Asit Sharma Producer: Ricky Mulvey Engineers: Rick Engdahl, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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