That much was clear after each company recently posted their first quarter 2010 earnings. Life Time is enjoying stable leadership, strong revenues and lower attrition while TSI is still adjusting to a change in CEOs, accompanied by lower revenues and an attrition rate that has remained stagnant.
Keep in mind that both companies had to adjust to the same economic difficulties of the past couple of years, and both saw their stock prices plummet. Today, Life Time has a stock price hovering around $40 while TSI's stock price is around $4.
Life Time CEO Bahram Akradi was front and center during his company's earnings call with analysts, most of whom praised him and his company for its first quarter results. A total of nine analysts asked questions during Life Time's call.
In contrast, only three analysts asked questions during TSI's first quarter call. Aside from a couple "it's good to be back" statements, CEO Robert Giardina, who in March replaced Alex Alimanestianu (who had replaced Giardina when he left the company in 2007), stayed mostly in the background during the call, instead opting to disclose more about the company's plans for the future during its second quarter call later in the year.
Giardina did say he hopes the company can right the ship and emerge as an industry leader. For now, that industry leader appears to be Life Time Fitness.