AUGUST 25TH, 2022 12:00 PM MONTREAL, CANADA
Hey Guys,
Iβm a huge fan of the Peloton product, but its cash burn is way worse than I thought. PTON 0.00%β The stock is down 21% so far today and for good reason.
The Earnings is a bust, and guidance is impossible. Itβs do or die and mostly die at this badly managed company. Peloton reported a wider loss in its fiscal fourth quarter as sales declined and costs mounted.
It marks Pelotonβs sixth consecutive quarter of reported losses.
Peloton selling its bikes on Amazon is it doing something it said it would never do.
The Earnings data is bleak. There is no way to spin a positive story from these figures. The stock and market cap should decline wildly in the weeks ahead.
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