Andrew Left Sees Peloton Shares Dropping to $5 in 2020

The transcript discusses the valuation of Peloton based on enterprise value per subscriber, comparing it to competitors like Planet Fitness and Spotify. It highlights the challenges Peloton faces in expanding its subscriber base, given the competitive market and the saturation of initial buyers. The discussion also covers Peloton's digital offerings and pricing strategies, questioning the sustainability of its current business model.

What is the approximate value Wall Street is currently paying for each Peloton subscriber?

• $10,000

• $5,000

• $15,000

• $2,100

Why do some investors believe Peloton is overvalued?

• Due to its high current subscriber base

• Because of its low customer acquisition cost

• Because of its high value per subscriber

• Due to its strong hardware sales

What is a major challenge Peloton faces in acquiring new subscribers?

• High competition in the market

• Lack of brand recognition

• High production costs

• Limited product range

What is the price of Peloton's digital offering compared to its physical bike?

• $19.95 for digital, $2,995 for bike

• $29.95 for digital, $1,995 for bike

• $9.95 for digital, $4,995 for bike

• $12.95 for digital, $3,995 for bike

How does Peloton's digital experience offer value to cost-conscious consumers?

• By offering discounts on future purchases

• By providing free access to all content

• By offering a cheaper alternative to the physical bike

• By including free hardware with subscription