#31
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Declining hardware sales are just the leading edge of the slump too; they're really going to feel it when all of those people who they hooked during the pandemic start cancelling their monthly donations.
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http://less-than-epic.blogspot.com/ |
#32
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Fair enough. Call it like you see it, I’ll do the same.
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Io non posso vivere senza la mia strada e la mia bici -- DP |
#33
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Quote:
Peloton execs dumped stock ahead of production pause Quote:
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#34
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Just remember, buy low, sell high.
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#35
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Quote:
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#36
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The problem with most stationary exercise equipment is it’s one purchase for life, or maybe if you’re really into the activity, one or two upgrades in 20 years. 75% probably only used for a few months. The subscriptions are somewhat of a game changer over, say, traditional rollers, but still, nowhere near the cash flow of the original hardware sales.
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#37
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And get the jump on the rest of the market.
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Io non posso vivere senza la mia strada e la mia bici -- DP |
#38
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I thought the decline in sales was because “they killed” Mr Big.
https://www.nytimes.com/2021/12/15/s...sale-satc.html Just me? |
#39
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“Executives and insiders at the luxury home athletic equipment maker Peloton have cashed out over the last year to the tune of hundreds of millions of dollars, benefiting massively from the unexpected financial benefits of the COVID-19 pandemic. Now, as the company’s share price is in free fall, workers appear likely to bear the brunt of leadership’s bad decisions.”
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#40
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Thinking something similar will eventually zap Vail Resorts, a publicly traded company can only hinge so much growth on selling season passes to do something difficult before things go pear shaped. Skiing is hard and so is riding a bike
50 ski resorts can easily burn through cash reserves if there's a blip Their latest aquisition, look for the person on the struggle bus https://mobile.twitter.com/7springsp...69156115288065 |
#41
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As so many have expressed, this one was easy to see. A combination of increased competition (you can buy a competitive product at Lowes for a fraction of the cost of an actual Peleton as an example) and decreasing overall demand for a variety of reasons (boredom with them for a majority of owners?).
In the next year or so, I think we're going to start seeing a lot of similar, lightly-used sporting/fitness goods hitting the market including bikes, inflatable paddle-boards (VERY popular here in Austin), skates, scooters, etc. as their owners move onto the next thing and tire of them taking up space. I think it's going to create an oversupply/glut of fitness goods in the market that the various, related industries will need to marketeer themselves out of. What will be the next niche bike concept to be overmarketed? Ice ebikes? Water bikes? I personally wouldn't want to be long on any fitness-oriented companies for the next year or two. Texbike |
#42
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I'm not a fan of Vail Resorts AT ALL. They've taken a moderately expensive sport and made it stupid expensive if you want to ski at any of the mountains they own. Ugh. Texbike |
#43
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Quote:
If sales drop, how long before support starts lagging? Same with Wahoo, TACX, etc. Last edited by Plum Hill; 01-21-2022 at 08:04 AM. |
#44
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I sold that boot like a week ago
The hate for Vail when they buy you local is high. They would rather have you buy a $20 burger in Colorado. They're purchasing markets in the Mid-Atlantic basically What I've noticed this year is many customers are mentioning that now that they've done the Vail Resorts thing 3 years in a row, is they would like to experience an iKon resort. Sad trombones... hopefully |
#45
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Wow you guys must have made out like bandits with all of your short positions since you saw this coming so easily.
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