The company said trading "endorses our view of the robust nature of the LA Fitness business model", adding that "this gives the board further confidence of the Company's growth prospects".

BBC: Muscly performance at LA Fitness

They express confidence in the ability of the PE owner-operator model to generate superior returns.

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While the merger will have to overcome several political obstacles, it is a sign that the Greek banking system begins to respond to the economic crisis, and a vote of confidence by foreign investors that can become the model for other Greek and European banks.

FORBES: Bank merger lights up Athens Exchange, up 16 percent!

However, the new jcp, centered around the shop concept, is gaining traction with customers every day and is surpassing our own expectations in terms of sales productivity which continues to give us confidence in our long term business model.

FORBES: JCPenney's $123 Million Win