Is the fitness fad fubar? It appears so. FitBit is getting hammered - down 10% overnight...
and new IPO Planet Fitness is trading notably below its "no brainer" IPO price level...
- *PLANET FITNESS INC OPENS AT $14.50, IPO AT $16.00
Perhaps a 43x P/E and 4.8x Price to Sales was a little too rich after all?


