BFT: Will the tulip craze ever break down? Message Board

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Strategies & Market Trends : BFT: Will the tulip craze ever break down?

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To: Pancho Villa who wrote (229)	4/1/1998 11:28:00 PM
From: John Tais	Read Replies (2) of 650

12,500 members per club. That's what you get when you divide 4 million members into 320 gyms. Can a gym really support that many members? It seems that once a member, always a member, you just have to pay your back dues to catch up if you want to start going again. Revenues have been fairly flat around $650 million for the past 5 years. It will be interesting to see if they can force through some price increases. In the meantime, they have negative cash flow as they replace paid-up-front memberships with financed ones. This will require more trips to the debt and equity markets.

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