Sunday, October 2, 2022

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Maybe Apple should climb on Peloton

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“We would be shocked if Apple is not aggressively involved in this
potential deal process.”

“We would be shocked if Apple is not aggressively involved in this
potential deal process.”

From a note to Wedbush clients that landed on my desktop Sunday:

With media reports swirling that Peloton could be up for sale with Amazon
and Nike potential suitors, we would be shocked if Apple is not
aggressively involved in this potential deal process. With Peloton stock
down 80%+ from pandemic highs on the heels of demand/growth concerns, WFH
waning, and a handful of execution issues (treadmill debacle), we believe
there will be a handful of technology and consumer brand stalwarts
circling for a potential bid with activists also pushing a sale. …

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