This is prime time, if production stopped.. its over. It's not like things will get better with RTO. Our management is such a failure. They sold out for millions and basically ran.
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Only these clowns would hire Mckinsey for millions to advise them to shut down their freaking production and business. The problem is as time goes on things will only get worse. Effectively the stock price should reflect liquidation,
Book is 1.5B
Goodwill and Intangibles -.45B
- cost of shutting down maybe -.5B
Leaves the value around .5B
The brand and name might have some value say .5B, but even that is now next to nothing with all customers they’ve made angry. I would say best case the place is worth 500M-1B. Its Market Cap is 7.9B. Even in best case at this point its worth maybe $3 dollars a share, unless they can get acquired.
https://www.protocol.com/bulletins/peloton-lays-off-staff
says 41% of sales and marketing staff are getting cut. The executives here are the lowest life forms, pure trash. They dance away with millions are live us to die.