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Here's Why I Just Bought Peloton Stock

TheMotleyFool

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After observing the business for some time, including the mesmerizing rise and subsequent fall, I recently decided to purchase shares of Peloton Interactive (NASDAQ: PTON). I don't know yet if I'm making a big mistake or if this will prove to be a lucrative investment decision, but I think the potential reward far outweighs the inherent risk.

This once-surging consumer discretionary stock has fallen 75% over the past 12 months as investors have eschewed the pandemic winner. I understand the threat that brick-and-mortar gyms, as well as other connected-fitness rivals, pose to Peloton. I'm also fully aware of the problems facing the company today. Nonetheless, I am optimistic.

Here are the three major reasons I now own Peloton stock.

Source Fool.com

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