LTH
Life Time Group Holdings, Inc.
stock NYSE

CRSP has to be one of my more speculative trades. They aren’t profitable this nor will they be next year, but they are going in the right direction. Last time I checked they were sitting on $2.4 billion in cash, and raised another $600 million.
The whole company is less than $6 billion, a big chunk of what you are paying for is cash in the bank.
CRSP is almost like something from science fiction. They use a molecular scissors to splice the DNA. They have already cured one disease and have a pipeline of other treatments lined up.
The other one I would say Life Time Holdings LTH. Since entering the position in 2023 we are up 165%. I think there is still a lot of room to grow.
Life Time blends the best aspects of a fitness center, a country club, and a resort. Even in a tight consumer spending environment, Life Time has consistently raised its dues without a material drop in membership retention.
That’s a reliable sign the business has a defensible moat. They collect steady monthly dues, sell high-margin services, and monetize a loyal membership base through events and corporate wellness contracts.
In the second quarter, net income rose 42% on a 14% increase in revenue. Total membership topped 850,000 through June, while averaging monthly dues rose 12% to $245. It markets to an affluent customer base. The typical member has $170k in take home pay and trending up.
This has the potential to grow several fold in the years ahead.

CRSP has to be one of my more speculative trades. They aren’t profitable this nor will they be next year, but they are going in the right direction. Last time I checked they were sitting on $2.4 billion in cash, and raised another $600 million.
The whole company is less than $6 billion, a big chunk of what you are paying for is cash in the bank.
CRSP is almost like something from science fiction. They use a molecular scissors to splice the DNA. They have already cured one disease and have a pipeline of other treatments lined up.
The other one I would say Life Time Holdings LTH. Since entering the position in 2023 we are up 165%. I think there is still a lot of room to grow.
Life Time blends the best aspects of a fitness center, a country club, and a resort. Even in a tight consumer spending environment, Life Time has consistently raised its dues without a material drop in membership retention.
That’s a reliable sign the business has a defensible moat. They collect steady monthly dues, sell high-margin services, and monetize a loyal membership base through events and corporate wellness contracts.
In the second quarter, net income rose 42% on a 14% increase in revenue. Total membership topped 850,000 through June, while averaging monthly dues rose 12% to $245. It markets to an affluent customer base. The typical member has $170k in take home pay and trending up.
This has the potential to grow several fold in the years ahead.