Bally's Bye, Bye?

As with many of the gym's; they will recover or be purchased. What happened here-poor management? No telling...Churn perhaps, and it is a great gym just not so good managment.

Bally warns of bankruptcy; stock plungesBy James P. MillerTribune staff reporterPublished March 16 2007, 11:32 AM CDT

"Bally Total Fitness Holding Corp. shares lost more than half their value Friday morning, in the wake of the Chicago health club operator's Thursday evening warning that it may be obliged to seek Chapter 11 bankruptcy protection unless it can restructure its debt.In late-morning New York Stock Exchange trading, Bally shares were down $1.12, or 56 percent, to 87 cents. "
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