BFT(Bally Total Fitness)
Technical chart still bearish, with Stochastic actually looking overbought. YrHigh 37.56 and year low is 14.56 .. this one was hammered for 16% this quarter. Looks like it could improve and be a viable earnings stock by next quarter. Time will tell. Fundamentals look okay on paper, but the reality might turn out quite different. I would rather invest in more solid stocks than this. I'm just thinking of the TLC, CLCX, REXI fiasco. If there turns out to be accounting irregularities than the shareholder is in trouble. Perhaps I'd try this for a 1-2 day bounce, but not anything more.
Bally Total Fitness Moves to Accelerate Growth in Its Retail and Branded Product Businesses
Two New Executives Hired Have Over 33 Years of Retail and Branded Product Experience
CHICAGO, Sept. 2 /PRNewswire/ -- Bally Total Fitness (NYSE: BFT - news) announced today the additions of Howard Schwartz as Assistant Vice President, Retail Operations, and Amy Shulman as Senior Director, Corporate Development, to strengthen the management and help accelerate the growth of its retail and branded product businesses.
Howard Schwartz is a 25-year retail industry veteran who previously spent eight years as Divisional Sales and Merchandise Manager for GNC, General Nutrition Centers. Mr. Schwartz's primary responsibilities at Bally Total Fitness will be to maximize the profitability of the stores' product mix, develop and institute a consistent national merchandising strategy, and increase the rate of expansion of new stores. Prior to GNC, Mr. Schwartz's experience included numerous operations positions at Lord & Taylor and Saks Fifth Avenue.
Bally also appointed Amy Shulman to the position of Senior Director, Corporate Development. Previously, she was a product-line Brand Manager at Kraft General Foods. Ms. Shulman will be responsible for developing and executing strategies to build the Bally Total Fitness and Bfit(TM) brands through product initiatives and strategic marketing alliances. Her immediate focus will be the growth of the company's Bfit Nutritionals(TM) line, which today is a $12 million business.
Over the past 15 months, Bally Total Fitness has opened 73 retail stores in its fitness centers across the country. These stores sell the company's private-label Bfit Nutritionals(TM) line of nutritional supplements, as well as branded apparel, workout gear, and convenience items.
Paul Toback, Senior Vice President, Corporate Development for Bally Total Fitness, noted, ''We have a growing number of brand-building, profit-building initiatives in the pipeline related to both our retail and other strategic marketing initiatives. We are very confident of our ability to accelerate the realization of these opportunities with the help of both Mr. Schwartz and Ms. Shulman.''
Bally Total Fitness is the largest, and only nationwide, commercial operator of fitness centers, with approximately four million members and 325 facilities in 27 states and Canada.
Fundamentals: Last Quarter's EPS: $0.08 This Quarter's Estimated EPS: $0.13
Next Quarter's Estimated EPS: $0.22 This Quarter's Growth Rate: 62.50% Next Quarter's Growth Rate: 69.23% ...Next Year's Growth Rate: 200.00%
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