Tony Kent's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/163517/comments http://seekingalpha.com/article/68030/comments?source=feed#comment-193565 193565 I am still positive on their CMV disease drug candidate in phase III and believe the FDA meeting on bioequivalence was a positive for the company. However, I believe it is prudent at this time to sell the stock at $11.26 as the company looks full valued.
]]> Thu, 26 Jun 2008 14:40:17 -0400 I am still positive on their CMV disease drug candidate in phase III and believe the FDA meeting on bioequivalence was a positive for the company. However, I believe it is prudent at this time to sell the stock at $11.26 as the company looks full valued.
]]> http://seekingalpha.com/article/68030/comments?source=feed#comment-179841 179841 Thu, 05 Jun 2008 15:07:14 -0400 http://seekingalpha.com/article/67675/comments?source=feed#comment-128335 128335
I have no idea what earnings will look like. But longer term this stock offers good opportunity.]]> Tue, 18 Mar 2008 13:36:42 -0400
I have no idea what earnings will look like. But longer term this stock offers good opportunity.]]> http://seekingalpha.com/article/67683/comments?source=feed#comment-126109 126109 First, I am not an employee but a private investor.
Second, I have been in the WP facility. It is not the best. The company refurbishment plan is starting to upgrade clubs. That is part of the approx. $19MM they are spending this year in cap ex. This upgrade should rectify the situation in clubs like WP that have been falling behind in upkeep.
Third, as for pricing, in NYC, Crunch charges $99.00 per month standard with different initial fees by type. The yearly is $149 the monthly fee is $49. NYSC charges an initial of $149.00 but has 2 levels of fees for months. The gold at $79.99 and the passport at $99.99. The gold offers a 20% plus discount per month to members. Equinox is much more expensive with fees between 145-165 with start up fees.

As for trainers, I have visited approximately 25 clubs this year from all club chains. The trainers do not report anything but seasonal issues. And if you look at NYSC training fees they have risen to 11.9% of rev from 9.1% in 2003. Thats a compounded rate of 12.47% versus membership fees rising at 6.75% compounded.
The move to trainers has been and I believe will continue to offer good revenue growth.

As for the healthclub industry, it is seeing a steady growth rate above inflation for membership fees. This is due to demographic shifts and emphasis on healthy living. It is a core part of NYSC story that its a slow but stable industry growth profile for them to exploit.

This is why its ripe for consolidation. While it has modest growth its highly fragmented. No chain controls the overall market. There are mom and pop clubs that have been around for 5 to 20 years that continue to be stable cash flow generators. Places like Club Fit in westchester. This makes rolling them up a story like Staples not a more speculative model. If clubs are acquired at good prices they can be high cash flow accretive.

Finally, the stock is not at $24 but as of today at $7 and change. Which I beleive offers a good entry point.
]]> Thu, 13 Mar 2008 15:17:49 -0400 First, I am not an employee but a private investor.
Second, I have been in the WP facility. It is not the best. The company refurbishment plan is starting to upgrade clubs. That is part of the approx. $19MM they are spending this year in cap ex. This upgrade should rectify the situation in clubs like WP that have been falling behind in upkeep.
Third, as for pricing, in NYC, Crunch charges $99.00 per month standard with different initial fees by type. The yearly is $149 the monthly fee is $49. NYSC charges an initial of $149.00 but has 2 levels of fees for months. The gold at $79.99 and the passport at $99.99. The gold offers a 20% plus discount per month to members. Equinox is much more expensive with fees between 145-165 with start up fees.

As for trainers, I have visited approximately 25 clubs this year from all club chains. The trainers do not report anything but seasonal issues. And if you look at NYSC training fees they have risen to 11.9% of rev from 9.1% in 2003. Thats a compounded rate of 12.47% versus membership fees rising at 6.75% compounded.
The move to trainers has been and I believe will continue to offer good revenue growth.

As for the healthclub industry, it is seeing a steady growth rate above inflation for membership fees. This is due to demographic shifts and emphasis on healthy living. It is a core part of NYSC story that its a slow but stable industry growth profile for them to exploit.

This is why its ripe for consolidation. While it has modest growth its highly fragmented. No chain controls the overall market. There are mom and pop clubs that have been around for 5 to 20 years that continue to be stable cash flow generators. Places like Club Fit in westchester. This makes rolling them up a story like Staples not a more speculative model. If clubs are acquired at good prices they can be high cash flow accretive.

Finally, the stock is not at $24 but as of today at $7 and change. Which I beleive offers a good entry point.
]]>