About 6 weeks ago, LikeFolio issued a Bullish Opportunity Alert on Planet Fitness ($PLNT) at $58/share.
The reason for this bullish alert was very simple: Consumer Purchase Intent data showed strong year over year gains during the all-important New Year’s Resolution season
For the record, that’s the exact opposite of what we saw with Weight Watchers!
This growth can be seen quite clearly in the screnshot below from the LikeFolio Research Dashboard.
You can download the original report here — that is the exact PDF that was sent to LikeFolio members on Feb 22 with PLNT trading at $58/share.
Going forward, we expect more of the same for Planet Fitness. Because of their subscription business model, and low churn rates, it really is all about the New Years resolution season (and late summer push, which gets a smaller bounce) for this company.
Earnings Season Preview
Do not miss this! On Wednesday, March 10 at
Register here before it fills up — and don’t worry if you can’t make it live, we’ll send you a recording of the event later that day.
BONUS: Everyone who registers for the Earnings Season Preview will get free, full access to one of our recent Opportunity Alerts… don’t miss it because this is another stock primed to run in 2019!