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F45 Training stock soars on buyout offer

Yahoo Finance's Brad Smith and Brian Sozzi break down the move in F45 Training stock on news of a takeover bid.

Video transcript

[MUSIC PLAYING]

BRAD SMITH: Welcome back, everyone. Time for "Cut for Time." You hear the stories. You know what time it is. Well, you hear the song. You know what time it is. Two stories, one minute each. We start with this. Marky Mark, no Funky Bunch. Just Marky Mark Wahlberg's training company, F45, is juiced up.

Stock climbing as much as 40% in the early session after stakeholder Kennedy Lewis Management offered to buy the fitness studio business for $4 per share, all cash money. That represents an 83% premium to the stock's closing price yesterday here. F45, one of the boutique fitness experiences, went public via the SPAC route. And I was out at the New York Stock Exchange, actually, when this happened. I mean, they had Steve Aoki DJing out there. You had--

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BRIAN SOZZI: Huge red flag. Come on. Are you kidding me?

BRAD SMITH: A lot of fanfare that was being drum up out there.

BRIAN SOZZI: It's very-- it's very, very clear. If you are inclined to invest in the fitness industry that's not Peloton, it's probably something like an Xponential Fitness or a Planet Fitness. None of these are stock calls. I'm just saying. These are companies with actual fundamentals, strong sales, and they're making money-- everything that this company isn't.

BRAD SMITH: It's-- I mean, well, yeah, and it's the scale, too. Planet Fitness is a massively different scale than an F45 is. Of course, they've targeted certain cities where that culture may be strong for the fitness community--

[BUZZER]

--but boutique via the SPAC route and then now--

BRIAN SOZZI: [IMITATING BUZZER]

BRAD SMITH: --acquisition.