OT-ish Peloton temporarily halts production of bikes, treadmills

[zap]

Originally Posted by AngryScientist

Could it also have anything to do with global microchip shortage?

No. Thousands of units sitting in boxes.

[adub]

Originally Posted by p nut

Does this mean demand for bicycles is also down or on its way down?
Hopefully means more realistic prices and availability for bikes, frames and parts.

I hope so!

[rwsaunders]

The bike was the gateway drug and the pedals, shoes and subscription are the crack. Gotta push the crack to make money.

[Elefantino]

So buying Peloton stock a year ago at $158 probably wasn't a good idea.

[Keith A]

Originally Posted by Elefantino

So buying Peloton stock a year ago at $158 probably wasn't a good idea.

24.22 USD
−7.62 (23.93%)today

[verticaldoug]

Peloton is just this years version of the latest gadget fad.

It's not that different than GoPro which went from 98.47 to 10 (16 mo to hit high to 10 low) ... (It did hit 2 on March 2020 but we wont count that. )

For Peloton 171 high, 23 is down 87% in 12 mo. I guess we are going lower until April.

Fitbit (remember that one?) It hit a high of 51 and fell to 6 in about 17 month.

The other takeaway, these don't come back.

Cannondale went from 22 in 1997 to 0 in early 2000's
Ride Snowboards was another one- first snowboard company to list in the 90's...

I find it funny Lordstown Motors is using Ride as a ticker... I doubt they will have better luck the RIDE the SNowboard company

Remember, History doesn't repeat, but it sure does rhyme.

[Mark McM]

Originally Posted by verticaldoug

Peloton is just this years version of the latest gadget fad.

...

Cannondale went from 22 in 1997 to 0 in early 2000's

I'm not sure Cannondale belongs on this list. They failed mostly due to their ill-fated venture into motorcycles. Neither motorcycles nor bicycles were "the latest gadget fads".

[fiamme red]

I wonder if the factory in Ohio that they broke ground on in August 2021 will ever be built.

https://www.thenews-messenger.com/st...bs/5539280001/

More than 2,000 good-paying jobs are coming in the next two years to the area as Peloton broke ground Monday on a new factory that will be its first large manufacturing plant in the United States.

Gov. Mike DeWine, using a sports analogy, said "we won" while addressing media and Peloton members during the groundbreaking event at the site of the planned facility, 22671 Pemberville Road...

The facility, which DeWine said is expected to employ around 2,200 people, will be within easy driving distance to people living in the west end of Ottawa or Sandusky counties...

[Johnnysmooth]

So when will we see Peloton bikes curbside like the NordicTrak of old.
2yrs, 5yrs...?

[paulh]

Originally Posted by fiamme red

I wonder if the factory in Ohio that they broke ground on in August 2021 will ever be built.

https://www.thenews-messenger.com/st...bs/5539280001/

Probably as good a chance as the FoxCONn factory in Wisconsin. Promised to be the Eighth Wonder of the World!

[avalonracing]

My friends who use them still love them. Some are actual cyclists. Hell, I'd probably rather do Peloton than Zwift. (But instead I just freeze or don't ride during cold weeks).

[retrofit]

Peloton latest to blame Apple for financial woes

Reportedly, part of the issue was that demand for fitness products has dropped post pandemic, since buyers have been returning to their offices and gyms. Peloton also says that supply constraints, plus rising freight costs, were factors.

However, Peloton also blamed Apple's ad-related privacy changes. The company says that the moves made it more difficult to target buyers.

🤦🏽

[Hellgate]

Originally Posted by Clean39T

Your point?

It's not a pump and dump, that's the point.

[adub]

Say what you want they posted crazy sales numbers in a very short period of time, their concept was/is real. They are a victim of their own success, just like so many other over capitalized public companies they got way ahead of their growth curve. Blinded by the light!

[Peter P.]

Originally Posted by BumbleBeeDave

. . . figure out why anyone is surprised by this. I called it within a few months of the pandemic start.

Oh yeah, I called it when they offered the IPO, so there! Fitness is so trend-captive, and short-lived. There's no money to be made here; at least long term or for the general public investor.

Originally Posted by Keith A

I know they are still advertising like crazy as are their competitors.

That's the correct thing to do: the LAST thing you should cut is your advertising.

Originally Posted by verticaldoug

Peloton is just this years version of the latest gadget fad. ...

See my first response, above.