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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:08 EDTLTMLife Time Fitness says Eric Buss to assume role of interim CFO, effective Mar. 2
As announced on August 27, 2013, Michael Robinson plans to retire as executive vice president and CFO a 12-year tenure with the company. The effective date of this transition is March 1, 2014. The company plans to retain Robinson as an employee or consultant for a period of time thereafter. Effective March 2, Eric J. Buss, who currently serves as executive vice president, will assume the additional role of interim CFO. Buss joined Life Time in September 1999 as vice president of Finance and general counsel.
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September 23, 2014
06:48 EDTLTMLife Time Fitness REIT announcement coming soon, says Piper Jaffray
Piper Jaffray expects Life Time Fitness to make an announcement regarding board approval of moving forward with a REIT spin-off ahead of the company's Q3 results on October 23. Piper sees the announcement as the next catalysts for shares and recommends buying the stock at current levels. The firm thinks the stock could be worth $61 with a REIT structure, but adds "one could argue for a value above $70." Piper reiterates an Overweight rating on Life Time Fitness with a $61 price target.

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