About Peter Moore
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Forecast From Wall Street
Stormy Weather for the Remainder of 2009
March 2009 - Five short years ago, private equity and institutional investors finally started to recognize the attractiveness of the health club business model; strong recurring revenue, attractive long-term growth prospects, impressive return on capital characteristics and the overall proliferation of health & fitness throughout the U.S. Over a dozen private equity investments were made in our sector from 2004 to 2008 at attractive valuations for owners. Read Article...
How The Financial Crisis Will Impact Your Health Club Operations
November 2008 - In late September, 2008, Washington Mutual Inc., the sixth largest bank in the U.S. was seized by federal regulators and the bulk of its operations were sold to J.P. Morgan Chase & Co. In October, Congress approved a $700 billion plus bailout package to buy bad mortgages, auto loans and credit card receivables. Why? Because no other investor will touch these assets. The U.S. Government is also now a shareholder in many of the largest banking institutions in the country. Read Article...