I closed my PTON pos’n today. That shouldn’t be bearish commentary on that issue, though. It could easily double from here but the 95% confidence interval around where I think the company will go is very wide. It’s been more than a double for me & it’s a new tax year. Good luck, PTON, and thanks for all the fish.
I thought about buying when it went below $10. I should have. If it gets to $20, I might short a few.
I was ready to buy back in February of 2020 but didn’t jump on. Have been thinking of testing it again.
I sold around then. I think I was up 150% or so.
Oooof…that ain’t gonna help correct their downward financial trend.
I’ve been thinking about buying a little if it goes to $6. It’s so low, the losses are minimal if it goes bust, but if it goes to $20 again, it’s upgrade your bike money.
I picked up a few shares at the last big one day drop, would consider adding more after this drop but I don’t have free funds to do it.
What is magic about $6? The trend has been down for a month now. I wouldn’t throw any money at this dog.
They beat earnings by losing less than guidance.
If you want to gamble, biotech stocks are probably better. Pot stocks are scraping bottom…
To me that is not a great criteria for buying a stock. To me 52 week low, no sign of future profitability, and 2M bikes recalled means hold off on this turd.
At least wait until the trend reverses to the upward direction.
We all have our strategies! I hope yours works well. New bikes for everyone!
I wonder what the cost of this will be for peloton? Just the return shipping on those things is probably massive given their size and weight
According to the article I saw, they’re estimating $8 million
My wife said they are mailing her a part.
Wonder what compliance rate they factor into that estimate…do they assume all 2.2M units or just some reasonable %?
But on the face of it, it seems reasonable. Would love to know how fast they can get a couple million posts in the US, though…even by boat, the freight charges alone are gonna be HUGE. Think a 40ft container is currently in the $8-$10K range. While you can cram a crapton of SP into 40ft, I doubt you can max out the space due to weight. And 2 million posts are still a LOT of posts.
Not sure what their post attachment weights At 5 lbs a post it would be a lot of weight. 5lb x 2million. 40’ Container Weight limit: 59,200 lbs. I assume they are figuring not everyone rides them anymore.