NasdaqGS:PTONLeisure
Peloton (PTON) Stock Looks Pricey Despite Fresh Profit Milestones
Peloton Interactive stock inched up 3.1% to US$5.68 after earnings, a modest move for a company that just logged its first full year of positive operating and net income. Traders are reacting to the headline profit. Long term investors are staring at something else entirely. The stock still sits on a 7 day decline of roughly 11% and carries a rich trailing P/E of 39.4x against leisure peers.
The real story this quarter is the balance sheet and valuation strain. Profit is now on the table, yet...