Peloton's Q2 Call: It Didn't Come this Far to Only Get this Far

January 31, 2025

February 6.

That’s the Q2 conference call date for our latest investment, Peloton (“PTON”). It’s a position we undertook in late Q3, and we’ve written about the company in a series of articles in the past few months.

The turnaround came faster than even we anticipated.

As a reminder, our basis was ~$3.50/share and the shares trade around $8.00/share today, so how the “bike with an iPad” company performs will have greater weighting on our portfolio. The thesis was simple, like any frugal mom will tell you . . . stop

wasting money. They did. Stock go up. Go mom.