The Biggest Problem With Peloton's Bull Thesis
There's no shortage of boutique fitness options these days.
If you're looking for a pricey workout class, studios like SoulCycle and Barry's Bootcamp are popping up across the country. If at-home workouts are your thing, you might already own a Mirror or a Peloton (NASDAQ: PTON).
Peloton, which sells a $2,245 interactive exercise bike and a $4,295 interactive treadmill, has taken the exercise world -- and Wall Street -- by storm. Though its initial public offering in September initially seemed like a dud, the stock is now up modestly, following a strong fiscal 2020 first-quarter earnings report that showed revenue more than doubling, and strong feedback later from the company regarding its Black Friday sales.
Source Fool.com
