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Peloton gains with analysts positive on the new manufacturing strategy

Jul. 12, 2022 2:00 PM ETPeloton Interactive, Inc. (PTON)By: Clark Schultz, SA News Editor11 Comments

Pandemic Home Exercise Trend Continues, As Gyms Slowly Reopen Across The Country

Michael Loccisano/Getty Images News

Peloton Interactive (NASDAQ:PTON) gained 3.87% on Tuesday after the company's decision to end in-house manufacturing.

Baird analyst Jonathan Komp was positive on the move to outsource manufacturing favorably. "Incremental progress behind re-setting the operating cost base

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Comments (11)

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Brad Jelinek profile picture
Funny how much hate in all comments in all articles. I see this going up 2-3 fold from here. New mgmt will cut costs, subs are sticky and predictable, mfg will be outsourced and time to start over and build a biz that makes money. Don't underestimate this brand either, it's up there with the best.
L
I think this is going to work, but it will take some time to unload all those facilities. Unfortunate legacy of Foley mismanagement.
kyle191 profile picture
The analyst said “return to profitability.” Was PTON ever profitable? Because you had to have been profitable to return there.
s
Double from here on CPI
Who Dat? profile picture
Their new CEO is Barry McCarthy. He was a former CFO from “Spotify”. Think about that! What does a guy from Spotify knows anything about manufacturing? He’s NOT a supply chain guy!

Lastly, Baird analyst Jonathan Komp was pumping PTON when it was at $20!
SeriousUsername profile picture
Dead bike bounce, who tf sells fitness to americans.
Fitness involving effort worst of all, I could see magic gas station pills selling far into the future but not this.
Anthony Ruben profile picture
@SeriousUsername Buy NVO- they literally have a pill that causes weight loss with no effort!
SeriousUsername profile picture
@Anthony Ruben I'm not American so I have single digit % bodyfat but thanks for the suggestion, will look into NVO :)
l
Back to $100 v v soon! Haters gonna hate! Great product!
Illuminati Investments profile picture
Now going to just duct tape iPhones to their clothes racks...
jculley profile picture
Still going to 0 and bankrupt.

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