Peloton: A Potential Double

PTON: Peloton is presented as a potential 2x within 12 months: first because it is cheap for acknowledged reasons, second because its category is structurally growing, and third because it has clearly dated — but unspecified — catalysts. The company is said to have addressed its poor balance sheet, high stock-based compensation, broken subscriber-acquisition engine and expensive-bike entry barrier; valuation, catalyst timing and evidence of those fixes still require diligence.

Read full article (1 min)