Sanmeet Deo

So I would say that people need to re-education, you know, not everyone, but a lot of people do to just understand, like, where do these things come from?

Why are so many people struggling?

Why is one in two people have had a pretty significant mental health illness in their life?

Why does that happen?

And then how do you solve it?

So once you have that knowledge, this kind of elephant in the room can start to go away, I think, and we can start to get more well.

Yeah.

If anyone knows me, they know I like to observe the world and find stock picks that way.

I recently joined a local Planet Fitness, a brand new one that opened in my neighborhood.

I was pleasantly surprised.

I will say, I have had a little bit of a bias against it in the past, but I kept an open mind.

I was surprised with the affordability.

It was clean and organized.

Obviously, it was newer, so that helped.

They also have some fun perks if you're a Blackheart member with massage chairs and red light therapy and drink discounts and stuff.

Pretty good deal there.

I think Planet Fitness is a good trade-down winner if inflation stays sticky and rates stay higher for longer.

People cut big luxuries, but often keep affordable habits.

Planet Fitness ended 2025 with about 20.8 million members across just under 2,900 clubs, while still growing system-wide same club sales at

6.7% and opening 181 new clubs.