Northern,WI  2/1/2013 (BasicsMedia) – The end to another chilly week in the northwoods is upon us and some of our daily downward movers are glad the weekend is here.

Down over 20% during morning trading is Life Time Fitness, Inc. (LTM). The company just announced preliminary results for the fourth quarter and full year ended December 31, 2012.

The Company expects to report revenue in the range of $273.0-275.0 million, net income of $22.0-23.5 million and diluted earnings per share of $0.53-0.56 for 4Q 2012. For the year, expectations include revenue of $1.125-1.127 billion, net income of $110.0-111.5 million and diluted earnings per share of $2.63-2.66. The Company previously provided guidance of $1.127-1.137 billion in revenue, net income of $114.5-116.0 million and diluted earnings per share of $2.73-2.76 for 2012.

Included in the preliminary results is approximately $0.07 of diluted earnings per share impact in the fourth quarter from losses related to the effect of Hurricane Sandy upon operations, other unrelated self-insured expenses, and costs related to the inaugural launch of Commitment Day. Commitment Day is a year-round movement involving events and activities commencing on January 1 and continuing throughout the year, urging people to commit to healthy eating, exercise, personal responsibility, giving and a healthy planet. Additionally, during the fourth quarter, the Company experienced slightly lower year-over-year membership growth than planned, coupled with higher membership acquisition costs. For the year ended 2012, the Company expects dues growth of nearly 10% and memberships to increase by approximately 1%.

      Down  over 30% this Friday morning we find Echo Therapeutics, Inc. (ECTE),. Echo is a company developing a needle-free Symphony® tCGM System as a non-invasive, wireless, transdermal continuous glucose monitoring system. The company today announced that it intends to offer for sale its common stock in an underwritten public offering.  The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Following a huge drop in value yesterday Celsion Corp. (CLSN) continues to slid on the bad news that their report brought earlier this week. Trading over five times its daily average the stock is down another 14% so far today in morning trading.

 Disclaimer:  We have no position in any stock mentioned here.

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