How is this stock any good? I just passed by a brand new physical store yesterday and they have like 3-4 staff in an empty shop (worst time to open?) They have a prime location and rent will not be that cheap despite the virus. If all their offerings are online why don’t they stay online especially in this new world order...? Physical stores will definitely diminish ROE.
Secondly, for those of you that workout, how is this any different than AthleanX? He offers free videos on youtube and his subscription is lifetime. Yeah I mean it’s not live training with a personal trainer, but anyone with some level of experience can piece together their own workout using AthleanX exercises on youtube. And there are plenty of people like AthleanX + other equipment incumbents like LifeFitness or TechnoGym that could copy Peloton’s model.
I just don’t see how this company is worth anything. Then again, some nobody said a good company doesn’t mean a good stock.
EDIT: Also, I don’t believe Peloton would be successful expanding into Asia because the size of homes is just too small to fit a bike machine. So lots of negative points to think about overall.
Submitted August 03, 2020 at 06:00PM by Wu-Han https://ift.tt/2XjscCz
