Replies to post #53 on Soko Fitness & Spa (fka SOKF)

[Drexion2004]

Yep and they can do those 7-10 without raising cash.

Also, only 6 out of their current 15 facilities are more than 3 years old. Facilities 'mature' after 3 years according to management... That means we should see strong organic growth from most of the current facilities in 2010 as well.

I like their membership business model as it gets them cash upfront which they can then use for faster expansion.

-Fernando