offline
"Let’s look at Peloton [PTON], the overpriced clothes rack with a built-in iPad. We just witnessed the best possible 6-quarter environment that the company will ever experience. The whole world was locked down, gyms were closed, and work was cancelled. People literally sat at home, bored out of their wits, armed with massive government stimulus checks, fixated on buying products. Despite every possible tailwind, Peloton lost $189 million in the year ended June 2021. As the stimmies wore off, losses exploded to $376 million in the most recent quarter. If this business cannot make money in this perfect environment, what is the operating environment where it earns money?"
"Returning to Peloton, I get that there’s a loyal customer base and I’m absolutely convinced that there’s a residual business here on the subscription side. However, it’s likely to be a few hundred million of shrinking annual cash flow per year. Put a mid-single digit multiple on that and what do you have? Exactly!! The stock could drop 90% and still be overvalued."
https://wolfstreet.com/2021/12/26/the-pr...th-ponzis/
Steht noch mehr drin, Peloton ist nur ein Beispiel für überbewertete Aktien die wie in diesem Falle sogar noch ein Corebusiness haben.
"Returning to Peloton, I get that there’s a loyal customer base and I’m absolutely convinced that there’s a residual business here on the subscription side. However, it’s likely to be a few hundred million of shrinking annual cash flow per year. Put a mid-single digit multiple on that and what do you have? Exactly!! The stock could drop 90% and still be overvalued."
https://wolfstreet.com/2021/12/26/the-pr...th-ponzis/
Steht noch mehr drin, Peloton ist nur ein Beispiel für überbewertete Aktien die wie in diesem Falle sogar noch ein Corebusiness haben.
