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Ann: Main Event the Outstanding Performer in the Third Quarter, page-7

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CaptainBarnacles

11,173 Posts.

686

05/05/15

11:02

Post #: 15218051
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Originally posted by Galba ↑

If this business was not weighed down by the other rubbish and just had Main Event we would see a substantial re-rate. Good work to those who picked them up sub $2, but I will play devils advocate and say, that behind the Fitness First WA Acquistion, gym revnues still fell 4-5% in the quarter. And management expenses are up 20% (obviously CEO changeover related)... Will be interesting to see where this finishes up today and over the next few days.. Calls of $3 Markie are massively overstated I feel, but best of luck. I'm still worried about the new CEO. Greg Shaw deserves the praise for the outstanding work he did with Main Event

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Have you looked at the Fitness EBITDA quarterly numbers Galba - q1, q2,q3 8.8, 5.7, 6.5. Signs that things may have stabilised to me.

AAD Price at posting: $2.23 Sentiment: Buy Disclosure: Held
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