The company said trading "endorses our view of the robust nature of the LA Fitness businessmodel", adding that "this gives the board further confidence of the Company's growth prospects".
When an organization becomes very good at something, top of its industry, it usually starts to focus on the thing (product, technology, or businessmodel) that made its success, crowding out other options and points of view.
In my view, the blame will more likely belong to our failure to recognize that the prevailing businessmodel for investor-owned utilities is flawed, antiquated and deeply ineffective.