Time to Buy Life Time?
Investors can't control what happens in Europe, Cramer said Thursday, but they can look for high-quality companies that are levered to big, multi-year themes and have nothing to do with the European contagion.
Take Life Time Fitness , for example. Based in Chanhassen, Minn., Life Time has 92 fitness centers in 21 states. Most of its locations, Cramer said, are located in high-income areas. It's a classic anti-obesity play, he said. After all, two-thirds of Americans are overweight and one-third is obese. For those looking to trim down, Life Time offers a great service.
On Thursday, Life Time reported another robust quarter. It was a 2-cent earnings beat off a 65-cent basis with revenues coming in stronger-than-expected, Cramer noted. The stock got hit, though, with the greater market. Is this a buying opportunity then?
To get the lowdown on this sporting activities name, Cramer welcomed CEO Bahram Akradi back on "Mad Money." Check out the video to see the full interview.
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