CLUB

Peloton Makes a Bet on US Manufacturing

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Image Shown: Shares of Peloton Interactive surged higher during 2020. The firm recently announced it would acquire an exercise equipment manufacturer based in the US. As demand for Peloton’s products has been incredibly strong of late, the firm has had trouble keeping up, which in turn has led to delayed deliveries of its “premium” exercise bikes. This acquisition is expected to help alleviate those concerns. By Callum Turcan The exercise bike and digitally-oriented exercise training service provider Peloton Interactive Inc (PTON) announced it was acquiring Precor, an exercise equipment manufacturer, for $420 million in cash (before closing adjustments) on December 21. Peloton aims to complete the transaction by early 2021 (calendar year), and by the end of 2021, the goal … Read more

Warren: Four Ways to Play the Market at This Juncture

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Image Source: Daniel Lobo In this piece, we examine where the economy and stock markets have been recently, where we are now, and where we are going next. We also highlight four key ways to play this volatile market. We think this is a helpful way to think about overall portfolio construction, especially so that one does not overly expose themselves to a particular set of risks that could come to fruition—like an extended downturn in the economy or a rapid discovery of a vaccine for Covid-19 on the other hand. By Matthew Warren Macro Matters When you turn on the television to the stock channel, there is a tremendous amount of discussion about where we are now and where … Read more

Earnings Roundup: Pinterest and Peloton

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Image Source: Peloton Interactive Inc – Second Quarter of Fiscal 2021 Shareholder Letter By Callum Turcan The outlook for the world economy, keeping near-term headwinds in mind, remains bright as global health authorities are actively working towards putting an end to the coronavirus (‘COVID-19’) pandemic largely through ongoing vaccine distribution efforts. As vaccine production scales up, widespread distribution efforts will become a much easier task. We’re continuing with our earnings commentary in this note by covering a social media contender and an upstart exercise company. Pinterest (PINS) On February 4, social media contender Pinterest Inc (PINS) reported fourth quarter earnings for 2020 that beat both consensus top- and bottom-line estimates. Most of Pinterest’s revenues come from its digital advertising business, … Read more