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.
Clipping into a New Position: Peloton
(Below is a Peloton Update we recently sent out with our quarterly letter and commentary on today’s Costco developments).
Peloton's Pop: Q1 Review, New CEO, Einhorn and Valuation
Ah, it’s earnings release time. That quarterly time of year when shareholders get to open up their presents and figure out whether the management teams at their companies have delivered gifts or a lump of coal these 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.