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Open original source ↗65% of that “free cash flow” ($224M in LTM) was from equity issuance (Share-Based Compensation). Shares outstanding were up 9% Y/Y last quarter. And of course there is net debt of over $300M at $PTON, not net cash. No position, but this is a disingenuous framing. https://t.co/vaRqgdGnH3
Quoted context
These are the quoted author’s words.
I’m long Peloton at $4. $345M in free cash flow. $1.18B in cash (67% of market cap). 7 insiders bought in the last 90 days. I read every earnings call. Here’s what I found.
ericjackson ↗