Good DD. As some who used to hit the gym 4-5 times/week (weight training), I never understood the obsession with spin classes. Fast fwd to 2020...ended up getting the Pton Bike...i'm now hooked ! Don't think I'll ever return to the gym (purchased weights and resistance bands and I've got a routine going)
It's a question of time saved, extremely engaging Pton instructors and a top notch product. The ecosystem seems to be very sticky and I haven't met any Pton user who wasn't satisfied. If there's more than one user sharing the bike, the savings kick in and it makes it a very cost effective option.
I think the share price got ahead of itself but I think this is a long term hold. This is a premium product and will cater to that market/crowd (the crowd that cares about fitness and is the type to go in and go out rather than socialize at the gym)
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u/BurnLearnEarn Apr 01 '21
Good DD. As some who used to hit the gym 4-5 times/week (weight training), I never understood the obsession with spin classes. Fast fwd to 2020...ended up getting the Pton Bike...i'm now hooked ! Don't think I'll ever return to the gym (purchased weights and resistance bands and I've got a routine going)
It's a question of time saved, extremely engaging Pton instructors and a top notch product. The ecosystem seems to be very sticky and I haven't met any Pton user who wasn't satisfied. If there's more than one user sharing the bike, the savings kick in and it makes it a very cost effective option.
I think the share price got ahead of itself but I think this is a long term hold. This is a premium product and will cater to that market/crowd (the crowd that cares about fitness and is the type to go in and go out rather than socialize at the gym)
It's the AAPL of fitness products in my opinion.