I've always been a gym rat. But not the Planet Fitness kind...
Give me a ball and a hoop, and I'll be entertained for hours. Even better is a few barrels and a thoroughbred.
The idea of pumping iron or running on a treadmill with greasy middle-aged men sounds awful.
However, I can't argue with the market. It keeps rewarding Planet Fitness for its earnings reports!
The company exceeded all expectations last quarter, raised guidance, and raised the price of its base membership for the first time in over 25 years.
PLNT has been a multi-bagger since it bottomed in 2023:
In addition, Planet Fitness resolved a five-year basing pattern on the heels of its last earnings report and is now building up energy for its next leg higher.
We're looking to buy the resolution of this textbook continuation pattern in the coming days.
