I’ll be flamed for this but let’s try to look at the facts. Mid January before they announced they’d no longer manufacture their bikes the stock was at $31. Since then they have:
-Laid off thousands
-Had an earnings report that said they’re lighting money on fire
-Gave guidance that pretty much said “we don’t know when we’ll make money, lol”
But it isn’t all bad because…
-Some company somewhere might possibly think about considering buying Peloton some day if they feel like it, or not
-They rolled a 68 year old man off his deathbed to become CEO (the last one took the money and ran)
Now based on all these revelations the stock has risen nearly 30%. Seriously, can anything stop this thing? If that’s all it takes to move up 30% then we should just park our money in PTON (instead of unreliable useless crap like MSFT, US treasuries, real estate, and gold).
I’m long PTON forever. Hyper bullish.
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