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…
2 Likes
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.
2 Likes
We all have our strategies! I hope yours works well. New bikes for everyone!
1 Like
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
2 Likes
My wife said they are mailing her a part.
2 Likes
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.
1 Like
2 Likes
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.
My first reaction was “that is way too high a weight”….then I went and looked at the actual post. 
Probably not too far off.
Wow…what a colossal muck-up. How does something that big fail during use? Admittedly, it is an extremely small failure rate (bordering on minuscule), but damn.
Suddenly $8m to cover the recall seems low.
2 Likes
Have they said whether or not people who are just using the bike to hang laundry need to replace the post?
(I kid, I kid)
4 Likes
Tall heavy people riding the bike. The post is very robust, but the seat tube stops quite low, and the seat tube can extent out well over a foot. There’s no way my 5’6” 130 lb wife is breaking her bike.
Welp…looks like I am gonna get a Peloton now. 
1 Like
for all the scared and lonely riders out there, I guess.
3 Likes
because they gotta know if Peloton love is real
3 Likes
Closed at $6.99 today
1 Like
Seismic shift in strategy for Peloton….you are no longer tied just to Peloton programming / workouts for entertainment on their bikes.
2 Likes
First post on the this thread. I’m not familiar at all with peloton bikes or their workouts, but are thier bikes quality on par with other offerings aimed at endurance athletes like wattbike, etc? Looks like it would be cool if you could run TR on that screen as well as watch whatever you wanted like you can do on a PC.
Quality bikes. However that locks you into higher monthly subscription rates with Peloton, versus bring your own bike/trainer.
1 Like