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Planet Fitness, Inc. franchises and operates 2,254 fitness centers under the Planet Fitness brand in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.
106% of its stock is held by 471 institutions. What may they know that you may not?
They know that owning the stock previously when its Reward/Risk ratio was like today’s gained capital at a 130% annual rate. 84 times in the last 5 years.
And they know where and when to move on to better investing prospects.