Rising Star Stock - Wednesday May 20th
Which health and fitness stock could pump up a scrawny portfolio?
According to the Fast Money desk it's Life Time Fitness !
The company runs a series of very high end gyms. Earlier in the month Rochdale raised Life Time Fitness to 'Buy' after the company posted a first-quarter profit that topped Wall Street estimates helped by a 15.1 percent rise in memberships.
Those impressive results may be due to the company's tireless commitment to customer service. According to the firm'swebsite, "Life Time Fitness has created the most complete health and fitness experience you’ll find. All it takes is a visit and you’ll discover that Life Time has included something for everyone, no matter your fitness level, interests, experience, schedule or budget."
Here are some more particulars:
Life Time Fitness (LTM)
-Based in Chanhassen, Minnesota
-Industry: Recreational Activities
-Market Cap: $697 million
-52 Week Low $7.07
-52 Week High $41.50
-Over past year stock is down 36%
What makes Life Time Fitness a rising star stock?
According to Jeff Macke it’s the fact that Life Time Fitness refuses to sacrifice customer service, even in this economy -- the hallmark of a great retailer. As a result, “membership hasn’t dropped for two months and they haven’t had to drop fees,” he explains. That’s outstanding.
For more including our exclusive interview with Life Fitness CEO Bahram Akradi please watch the video
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Trader disclosure: On May 20th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (AGU), (F), (SKF), (SDS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (ABT), (TER), (JOYG), (XBI), (X), (HES); Terranova Owns Oil Futures;p Terranova Owns Nat Gas Futures; Terranova Owns (DIS) Calls; Terranova Owns (XOM) Calls; Terranova Owns June Gold Futures; Najarian Owns (ISIS); Najarian Owns (APC) Call Spread; Najarian Owns (BBY) Put Spread; Najarian Owns (BX) Calls; Najarian Owns (INTC) Calls; Najarian Owns (MOS) Call Spread; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Call Spread; Najarian Owns (PCU) Calls