This week, Jim Cramer, host of CNBC's "Mad Money," put fitness clubs in the national spotlight by comparing the industry's two publicly traded companies, Life Time Fitness and Town Sports International (TSI), in what he called a "sports club throwdown."
Cramer, wearing workout gear over his shirt and tie, gave the nod to Life Time, both in terms of its business model and stock. However, Cramer said he would not necessarily buy Life Time's stock at this time.
I reached out to both companies today to see what they had to say about the segment. TSI declined to comment, citing a quiet period leading up to next Thursday's second quarter earnings call. Life Time, which will conduct its second quarter call tomorrow, did respond.
"We are pleased that Jim shared his perspectives regarding Life Time, just as he has many times in the past," Life Time spokesperson Jason Thunstrom said in an email. "We believe strongly in our Healthy Way of Life business model and differentiation, and Jim highlighted many of those aspects as part of his remarks."
Regardless of Cramer's fitness club preference, it was apparent that he and his production team did their homework on both Life Time and TSI, breaking down specific details of each company. See for yourself, and let us know what you think.