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.
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I thought about buying when it went below $10. I should have. If it gets to $20, I might short a few.
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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.
very commendable!
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Oooof…that ain’t gonna help correct their downward financial trend.
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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.
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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.
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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…
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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.
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We all have our strategies! I hope yours works well. New bikes for everyone!
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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
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My wife said they are mailing her a part.
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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.
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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.