Changing Stance on $PLNT
We are starting to believe Planet Fitness is becoming slightly overvalued at this point. Our newsletter stated that we would go long but after more research and EPS estimates of $.34 cents, we believe they will only met or possibly miss EPS guidance this year. Revenue may come in-line to a slight beat though this does not up with the overvalued stock price. We are on the side lines or possibly a small short position at this point.