MEME - Peloton: Down 80% In 6 Months But Don't Buy This Dip Avoid
- Peloton's stock is down 80% in 6 months. As I've been arguing consistently, avoid this name.
- Peloton doesn't just burn calories. It also burns through cash. A lot of cash. In fact, it burns 79 cents of free cash flow for every $1 of revenue.
- Peloton is a stock that I've declared to be overvalued and with potential shareholder dilution on the cards. Yesterday, JPMorgan and Goldman Sachs sourced Peloton with much-needed cash.
- By my estimates, Peloton will need to dilute shareholders within 3 quarters.
- As always, happy to discuss my thesis further in the comments section.
For further details see:
Peloton: Down 80% In 6 Months, But Don't Buy This Dip, Avoid