Jim Cramer and Life Time Fitness Inc

On his podcast today, Jimbo mentioned that WalMart is pulling guns from some stores and filling the void with exercise equipment. Then he suggests that a good play on this is to buy Life Time Fitness Inc (symbol LTM).

I’m sure Cramer is a smart guy, and I like Life Time, but it only takes about 10 seconds of web-based “research” to know that they do not sell gym equipment. They are a nationwide chain of fitness centers.

Increased home gym equipment sales might actually hurt these guys. Indeed Life Time themselves identify home fitness equipment as a “risk factor” in their most recent 10K.

(Disclaimer: I own LTM in my charitable trust, GetMarkRichPLUS.com)

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