David Rosenthal: belief

Transcript context

…Which now is like $1000. Yeah, so great. The pandemic hits, like you said, if Peloton had very good product-market fit with a certain narrow customer segment before the pandemic was a great business. The pandemic made it have instant product-market fit with many, many more segments. They add roughly a million subscribers in the next year's revenue. In the fiscal year ended June 30th, 2020 is $1.8 billion. In the fiscal year ended June 30th, 2021 is $4 billion. The stock trades up, as we've talked about, to a peak of over $150 per share at a $49, I believe, billion market cap. People think this is going to the moon and rightly so. It's an amazing product. If fitness has now become fully digital, they are the leader in the category. So much to love here. There are zillion copycats, not just in the NordicTrack and Target making black and red bikes and making Peloton-like sounding names for them.…

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