Thoughts on Peloton? I bought at $32 but recent rise make me think I should buy more...

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I’m long term bullish on PTON. They are introducing a less expensive version later this year or next. Their subscription model is also a continuous money generator and it attracts non peloton hardware users.
They will be volatile and I would look at volatility as a buying opportunity

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Its a WFH stock. It will have its best year this year. It has a market, but its a very expensive purchase. Given a recession, I doubt people will be flocking to get pelotons if cash is tight.

Depends on your strategy, if you are long on it. Whats the long term value prop?

This stock should drop 40% the first day a vaccine is announced.

Countering SM1 - yes that could happen or it has officially hit mainstream and keep growing.

Lots of people will sell second hand equipment but at least there is continued subscription business.

Go with what your assessment is

They have first mover advantage in a two sided market, but there’s nothing stopping competition coming in and driving up the price of content.

That’s what is going on in the streaming business. Netflix had a 5 year head start there before others joined the fray. Peloton only has a 2 year advantage.

They are also a discretionary spend which tends to slow down in recession.

Ur up over 100% on a stock. U should be selling some up here and buying on pullbacks

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