Stockchase Opinions

Jim Cramer - Mad Money Life Time Group Holdings LTH-N PARTIAL BUY Nov 28, 2022

They run a chain of high-end company gyms, which they pitch as country clubs. Very expensive member fees. Wen public last September, peaked in November, then got hammered for a year. It bottomed earlier this month and moved from $8 to $12 roughly on a good quarter. They reported 25% same-store sales growth, easily beating the street easily. They have 156 locations and will add 10 clubs annually. He likes this measured growth, that they own their gyms (not a franchise), their same-store sales growth, though isn't fond of them moving into apartment complexes. A value play, but must clean up their balance sheet and deliver on their margin expansion plans next year.
$12.430

Stock price when the opinion was issued

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