>“Today's youth has completely decoupled from reality. You took on debt, big mistake. Go get you some money. You’ve made a mess and you need to clean up your mess like an adult,” Ramsey said. “Don’t be a wuss. Do it, man.”>Nick defended his decision by saying that the $25,000 tractor was technically “free” — purchased at 0% interest, offset by a government grant and tax write-offs.>Host Dave Ramsey was brutally honest, saying, “Oh, you flunked FPU…I thought you were a star pupil and became a millionaire. And then you went and financed a tractor.”>In Ramsey’s world, you don’t pause debt payments to bulk up savings. Rather, you cut down on other spending, stay laser-focused and clear debt quickly. Ramsey’s advice was to use the emergency fund to “Pay the tractor off today, honey. Today.Is Dave Ramsey in the wrong here, or will his wisdom pay off in the long run?
Who's buying this shit? How does a company with neither dividends nor growth prospects get pumped to 40 p/e?
>>61319184Their gross profit margin is at 83% while their net profit margins are at 17%. They have 20.8 million memberships nationwide at 15 or 25 bucks per month. They have a consistent cash flow model because if you want to cancel your membership you need to pay out for the whole year you signed up for. Each month they gross an average of 312 to 520 million dollars each and every month. Yearly gross profits are roughly 5 billion dollars. With a net income of 848 million every year.Planet fitness is considered a growth stock because they open 150 new locations consistently every year. Its pretty much a very stable option to put some side cash into because of the low cost of entry for membership and the buy out clause they have in their contracts. In total they operate 2,700 locations world wide with a roadmap of eventually opening more than 10,000 worldwide.
