Unfit IPO Debut for Planet Fitness; Lost That Lovin’ Feeling…For Shamu?; If it Looks Like an Engineer, and Quacks Like an Engineer…

Fit to be fried…

Image courtesy of marcolm/FreeDigitalPhotos.net

Image courtesy of marcolm/FreeDigitalPhotos.net

Planet Fitness made its New York Stock Exchange debut but it looked more like Planet Fizzle as the stock, which tried to open at the high end of its range, stumbled on its very first day of trading. The company, notable for its $10 gym membership fees, offered 13.5 million shares and managed to raise $216 million despite its less than impressive open. The company, however, tried to give a good showing on Wall Street today, cleverly handing out all sorts of yummy, unhealthy goodies while engaging the crowds with games like musical hand chairs. That was not a typo. Laugh all you want, but Planet Fitness has over 7 million members, 1 million of whom joined within the last twelve months. Its membership is up over 24% from last year. There are very few companies who pulled that off recently. By the way, the company has 33 straight quarters of growth under its svelte fiscal belt, and saw $280 million in revenue. Add that to its 976 stores in 47 states, Puerto Rico and Canada. and that 9% hit the stock took today doesn’t seem so bad after all.

Was it something I said…

Image courtesy of Liz Noffsinger/FreeDigitalPhotos.net

Image courtesy of Liz Noffsinger/FreeDigitalPhotos.net

Things just keep getting fiscally uglier for Shamu and all his water-loving pals as Seaworld Entertainment cranks out yet another soggy quarter. Despite big promotions and a whale of a marketing campaign, attendance at the marine theme parks continued their downward slide. Brass at the company admitted they are continuing to deal with “brand challenges” which is basically code for the negative publicity the company suffered as a result of the very unflattering 2013 documentary “Blackfish.” And just how bad is attendance? Under 6.5 million people stopped by to hang out with the sea creatures, which was a 2% drop from the same time last year. Revenue, which was $391.6 million, is also down 3% from a year ago. But it’s the 85% plunge in profit, down to $5.8 million, that’s really got me questioning if people just don’t dig acrobatic dolphins and comedic sea lions.

If looks could kill…stereotypes…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

So what exactly does an engineer look like? Just ask 22 year old Isis Wenger. She’s got big plans to show the world on a billboard in San Francisco after some very rapid, enthusiastic crowd-funding. It all started when some people naively felt Wenger didn’t look like a “traditional” engineer. She then started the buzz-worthy hashtag¬†#ILookLikeAnEngineer only to discover that there was a whole universe of engineers who also…look like engineers. 75,000 tweets later, including one from engineer and GM CEO, Mary Barra, not to mention a slew of other high-ranking female engineers from some of the world’s top companies, Wenger, together with engineer Michelle Glauser, started an Indiegogo campaign to put up a billboard in San Francisco featuring the diverse engineering community and its stereotypical misconceptions. Hoping to raise $3,500, they instead raised over $7,800…in less than 24 hours.

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Guess it’s Not Payback Time for Greece; Brit Wants to Save the Fiscal Day for Greece; diSinging the JetBlue-s for Baggage Fees;

Greece frightening…

Image courtesy of africa/FreeDigitalphotos.net

Image courtesy of africa/FreeDigitalphotos.net

Will the third time be a charm? Fiscally-challenged Greece has asked for yet another bailout, this time to the tune of $27 billion. Greek Finance Minister Yanis Varoufakis has indicated that repayment for $1.8 billion of a $270 billion tab is not gonna happen, much to the dissatisfaction of the International Monetary Fund, the European Central Bank and the European Commission who all ponied up the cash for the cash-strapped European nation. In fact, Greece isn’t even getting the customary 30 day grace period. There are those in Greece who weren’t down with suggestions made by its creditors who called for “austere” measures and a more stringent repayment schedule. Lucky for Greece, however, the country is still not expected to officially go bankrupt. Phew. There’s also that other payment due July 20 in the not-so-small amount of $3.9 billion. That’s probably not going anywhere either. As for Alexis Tsipras and his July 5 referendum, he subtlety indicated that he’ll bow out – as in, resign – should the Greek people decide to vote in favor of the measures, for which he does not care. What a guy.

Oh and one more thing…

Image courtesy of Mister GC/FreeDigitalPhotos.net

Image courtesy of Mister GC/FreeDigitalPhotos.net

If you’re heart goes out to Greece and you feel the need to help the country in its loan repayment – because you don’t know how else to spend your disposable income – then you’re in a luck. A British man found a way for you to throw out your hard-earned money by donating to a fund that would “help” mitigate the European nation’s fiscal woes. Out of the goodness of his heart, or maybe because it seemed funny at the time, Thom Feeney established an Indiegogo account to help raise 1.6 bullion euros. He reasoned that if every European chipped in three euros, then the people will have sorted out this mess instead of leaving it to those pesky “European ministers flexing their muscles.” Laugh all you want but Feeney has so far raised over 250,000 euros from over 16,000 contributors.

And then there was one…

Image courtesy of phasinphoto/FreeDigitalPhotos.net

Image courtesy of phasinphoto/FreeDigitalPhotos.net

Just when you thought JetBlue really was different than all the others, the airline with a relatively decent customer satisfaction rating went ahead and broke our consumer hearts by announcing that, it too, would start charging to check bags. This leaves Southwest Airlines as the only airline who has not jumped on the baggage fee bandwagon. Well, at least not yet. Beginning today, if you book a ticket with JetBlue, and it happens to be the cheapest ticket, expect to pay a $20 fee for that first checked bag. If you aren’t a light packer and find yourself needing to check an additional bag, expect the price to go up to $35. If you have more than that, well, maybe you should reconsider air travel. In any case, that $20 fee is only for those checking their bags online or through a kiosk. Once you decide to check that bag at ¬†a counter via an actual living and breathing human being, watch the price go up by $5. If you’re fotunate enough not to have to book the lowest tier ticket, then congrats. You can continue to get that first checked bag on the house – or rather, aircraft.