PTON

Peloton Interactive Inc

Consumer, TMT


Presented:11/18/2019
Price:$30.25
Cap:$8.49B
Current Price:$5.21
Cap:$1.96B

Presented

Date11/18/2019
Price$30.25
Market Cap$8.49B
Ent Value$7.49B
P/E RatioN/A
Book Value$5.62
Div Yield0%
Shares O/S280.53M
Ave Daily Vol6,009,384
Short Int75.37%

Current

Price$5.21
Market Cap$1.96B
Peloton Interactive, Inc. is the interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps. It operates through the following segments: Connected Fitness Products, Subscription, and Other. The Connected Fitness Products segment engages in the sale of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. The Subscription segment engages in the connected fitness subscription and digital subscription. The Other segment consists of peloton branded apparel. The company was founded by John Foley, Tom Cortese, Yony Feng, Hisao Kushi, Marion Roaman, and Graham Stanton in 2012 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Marriott International Inc/MD (MAR), Peloton Interactive Inc (PTON)

Highlights

The presenter is long shares of Peloton Interactive Inc (PTON), the company he views as disrupting traditional fitness with great products and fitness as a service. The company’s highly anticipated IPO opened for trading on September 26 at $29 per share and has recently recovered to that price after trading down to ~$20 per share. He sees major growth opportunities ahead for the company with commensurate runway for the stock.

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Idea Discussion

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