PTON Jun 2024 15.000 put
- Yahoo Finance Video
Peloton's debt is a major concern. How are they managing it?
Peloton Interactive (PTON) has reportedly hired JPMorgan to help it raise $850 million in a new loan sale to settle its debts. The fitness equipment brand was once considered to be a "pandemic darling" when consumers were stuck at home at the beginning of the COVID-19 pandemic in 2020. BMO Capital Markets Managing Director and Senior Analyst Simeon Siegel comments on Peloton's ability to manage its current debt and where it should focus its attention to retain consistent consumers. "Some of these companies take a breath and they say, 'okay, we need to restructure,' but in the same sentence they say 'but we're still going to grow,'" Siegel tells Catalysts. "That's dangerous and it rarely works. There's a time when companies are supposed to grow, and there's a time when they're supposed to focus on value and improving their brand and restructuring. I think Peloton is very much in that latter phase, and that's not a problem given where the stock is today. I think you could make that conversation, that argument, but they need to want to do it." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Bloomberg
Peloton Taps JPMorgan for $850 Million Loan Sale to Tackle Debt
(Bloomberg) -- Peloton Interactive Inc. has hired JPMorgan Chase & Co. to raise around $850 million through a new loan sale that will refinance existing debt, according to people with knowledge of the matter.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapHow One
- Yahoo Finance Video
How Hydrow is capitalizing on a growing fitness sector
Hydrow was once targeted by Peloton (PTON) for acquisition but is now paving its own path on its rowing machines. The company recently reported that delivered unit sales for its rowing machines jumped 23% year-over-year. The company also acquired a majority stake in Speede Fitness this week, though the value of the deal has not been disclosed. Hydrow Founder Bruce Smith joins Market Domination Overtime to discuss Hydrow's performance and give insight into the fitness sector at large. Smith elaborates on what fitness companies need to succeed in the home exercise market: "The north star is the combination of three things. You need something to work out on in your home. You need really great content. You need really great software. And honestly, Peloton had that vision. We've never let go of that vision. We are never going to. You need a footprint in the home because that convenience is what really drives market adoption. And from our perspective, we've stuck to that north star." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
