3 Reasons to Sell Peloton Stock, 1 Reason to Buy
It's the sweat that investors are starting to regret. Shares of Peloton Interactive (NASDAQ: PTON) plummeted 18% on Thursday following another disappointing quarterly report. The stock has now fallen 94% -- yes, 94% -- since peaking early last year.
There wasn't a lot to like in the report, but there were slivers of a silver lining. Peloton's negative free cash flow improved from the pace it was averaging in the two previous quarters. The shift to an asset-light model finds the spiraling premium fitness specialist forecasting break-even cash flow by the second half of the new fiscal year.
The bad obviously outweighs the good judging by the market's reaction to the fresh financials. Let's look at the reasons you may want to sell Peloton here, but let's also end on a positive note by exploring the one reason why you might want to buy.
Source Fool.com
