Here's Why I'm Not Selling Peloton

In this video, I will talk about the recent Peloton (NASDAQ: PTON) FUD, why the price reduction of the bike is actually a good thing, and its recent earnings report. I don't plan on selling any shares anytime soon; I actually expect to add in the near future. I previously talked about what Peloton should do to become a multibagger.

The company announced that it is reducing the price of its bike by $400, an idea it has mentioned in the past. The cheaper the hardware, the easier it will be to get it into people's households, which will make selling subscriptions much easier.

Q4 total revenue grew 54% to $937 million, and connected fitness subscriptions and paid digital subscriptions both grew triple digits year over year. Connected quarterly fitness workouts grew 75% YOY, but average monthly workouts per connected fitness subscription are down quarter over quarter.

Source Fool.com