Is Peloton's Latest Cost-Cutting Strategy Reason to Buy the Stock?
On July 12, Peloton Interactive (NASDAQ: PTON) announced its latest step in rightsizing its cost structure. The company said it is stopping in-house manufacturing and will outsource it entirely.
This comes as the interactive exercise-equipment company's revenue is falling amid the economic reopening. It's a major reversal from how Peloton thrived at the pandemic's onset when gyms were closed.
Let's look at what the most recent decision could mean for investors and if it's a compelling reason to buy the stock.
Source Fool.com
