NEW YORK, April 25 A run-up in shares of Life Time Fitness LTM.N is likely to collapse amid mounting signs that the company's high-growth phase is coming to an end, Barron's reported in its April 26 edition.
Annual same-center revenue has fallen steadily in the past five years and earnings growth has been "checkered, at best," the financial newspaper reported in its column, "The Trader."
Andrew Parlin, chief investment officer of Parlin Investments, which is short the stock, think the stock deserves to trade for 12 times earnings, implying a share price about one-third lower than its current level, Barron's reported.
In a statement to Barron's, Life Time said its track record of revenue growth and earnings was "representative of a strong and enduring business model." (Reporting by Deepa Seetharaman; Editing by Bernard Orr)