PTON - Peloton Drops 23+ After Hours

PTON has been short this stock for a while now. So, apparently PTON will halt production of bikes and treadmills for 2 months atleast. More likely, they have excess inventory and sales has been slow. This is just one consequence of high inflation. US consumers will have less disposal income after food, rent, utilities, gas, income taxes coming up, etc. More casualties to come. This is just the start. Earnings for a lot of companies will be very bad.

https://finance.yahoo.com/news/pelo...uction-of-bikes-and-treadmills-183616826.html
 
nooby_mcnoob said:
How far can you really go with a company that sells a bike with an ipad attached.
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The company went pretty far as in 5X current price. I see there is nothing like kicking a dying dog. I guess if it dropped 50% from here your remark could be deemed to have been worthwhile.
 
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it has reached the destination / IPO price.

quite a beautiful chart actually;
it went up nicely.
then it went down nicely.

Most of the charts are rather choppy/messy.
 
TazTheLaz said:
based

> waiting for powell to say it's irrational exuberance
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J. Powell dares to say that. Also, all the tightening surfaced AFTER Powell was nominated for another Fed term. Wise political move. Fed drops the ball really bad. The "transitory" and were full employment were a huge mistake.

Even at 3% unemployment, we still way off to full employment since a lot workers just quit and not coming back. Inflation is at 7% annually and energy price still creeps up.

Raising interest rate won't fix either the employment or the inflation problem. US economy is not heating and expanding. I see mild recession coming, mainly on the financial side.
 
RedSun said:
J. Powell dares to say that. Also, all the tightening surfaced AFTER Powell was nominated for another Fed term. Wise political move. Fed drops the ball really bad. The "transitory" and were full employment were a huge mistake.

Even at 3% unemployment, we still way off to full employment since a lot workers just quit and not coming back. Inflation is at 7% annually and energy price still creeps up.

Raising interest rate won't fix either the employment or the inflation problem. US economy is not heating and expanding. I see mild recession coming, mainly on the financial side.
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Sounds about right. More taxpayer money paying for some CEO crook's bad judgment again?

This is why Keynes is wrong and modern economists are pompous and delusional.

Who do you think is getting bailed out this time?
 
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