What’s ailing MINDBODY?

Whirly lollipop on orange background.

MINDBODY (NASDAQ: MB) completed their IPO last week at $14, had a brief pop at the open to $15 and promptly traded down to $12.

What gives? Isn't this the "OpenTable (PCLN) of the health and fitness industry" as management states? Well maybe it is, maybe it isn't. One thing for sure is that a few things jump out from the financials and the history of the company to cast some doubt on their ability to fully execute on the glamorous positioning . . .

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