Peloton Interactive Inc - Class A

After last quarter, Peloton reduced guidance meaningfully, missed expectations, and said they wouldn't need capital for "some time."

"Some time" turned out to be a couple of weeks.

Back on December 14th @pat_connolly, Ross Klein, and I sat down to talk about $PTON. Ross brought up these concerns and pointed out that we have to call into Peloton management's ability as capital allocators. And even though Peloton was down 50%+ at the time, there were still a lot of short term concerns.

Turns out he was ahead of the game. Definitely nailed that call. 40 second video clip here:

[https://twitter.com/NathanWorden/status/1484229956368359425?s=20](https://twitter.com/NathanWorden/status/1484229956368359425?s=20)


![](https://cdn.commonstock.com/1fd102a013dad6ec0fba4f14349ff290ba84647aff9cfacd1bbcb41d05e8baeb-3422x2116.png)

“@RKleinCFA was ahead of the game on $PTON
This clip is from Dec. 14th⤵ https://t.co/x0UzrjJoAq”

https://twitter.com/NathanWorden/status/1484229956368359425?s=20

Nathan Worden on Twitter

Peloton Concerns

This member is verified by the Commonstock team based on their contributions to the Commonstock community. 

Verified Member

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Public Portfolio

Nathan Worden

Pat Connolly

Palantir Technologies Inc - Class A

Sea Ltd - ADR

Unity Software Inc

![image](https://cdn.commonstock.com/81e1dfb0171373c69c7d5e3a1dc479a332d67d764581164d40835919a9841441-1200x600.png)

Added $SE recently 

Looking into starting $U as a long term hold

Going down with the ship in  $PLTR 

What else should I add?


Staying Patient

Gannon Breslin

I start:
✅ Interactive Brokers (dividend stocks and bonds)
✅ Saxo Bank (mostly ETFs)

I also have accounts in some broker's apps to make some small trades.

☑️ Trading212
☑️ Baraka

What about you? Reply with the list of the stockbroker you use 👍

Which stock broker do you use? ✅ ☑️

Luka 🦉

Clover Health Investments Corp - Class A

Lemonade Inc

Unitedhealth Group Inc

Over the past year, I've had conversations with a handful of people who have touted $CLOV as a game changer in Medicare and $LMND as a game-changer in insurance since they are tech / AI / <insert other buzzword). These stocks traded 100x more expensive than traditional players such as $UNH or Aetna. In recent times, both $CLOV and $LMND have fallen significantly, but still more expensive than traditional peers.

Sure, $LMND is growing faster (but a small base) but I'm not sure how much growth is due to tech vs lax risk management.

I have no doubt these companies focus on tech. I'm not intimately familiar with these companies, but as a technologist, when I assess their service, it always seems their tech is peripheral benefit vs sustainable differentiator. More 'marketing' than 'substance'.

I've never owned these companies, but I'd suspect some of you do. I'm obviously not a believer, but at the right price could be :). Would love to hear arguments on why I might be wrong?

Is tech really a (major) differentiator (for these companies)?

Gaurav Kotak @ Fincredible

Bank Of America Corp.

Citigroup Inc

Toronto Dominion Bank

Wells Fargo & Co.

In early 2021, I bought multiple major N American banks (specifically $WFC, $C, $BAC, $TD).

This was a sector play given (a) valuation - Trading close to or below (tangible) book value (b) loss reserve release would boost EBIT and (c) inflation/interest rate hikes seemed on the horizon. The risk of crumbling economy and fin-tech startups seemed low to me.

Not only a good return (40% plus), it's provided liquidity. I've sold a third in the past month (and likely sell another third) to invest in my favorite high tech names now at reasonable valuations.

My favorite trade of 2021

PLBY Group Inc

Poshmark Inc - Class A

Picked up some $PLBY and $POSH today. @investmenttalk has done a great job explaining the $PLBY. IMO nice steady cash cow in licensing + high growth in eCommerce tx to iconic brand + optionality of OnlyFans alternative.

$POSH is around $1.2B in market cap with around $600M cash. Assuming that's right (please correct me if wrong) that's EV of $600M for $200Mish gross margin business that's nicely growing and has cultural tailwinds of sustainability and economic tailwinds of 'cheap'.

Just nibbling though. Will study at least 1 more earnings call in detail before initiating a larger position.

Bought some $PLBY and $POSH

Conor Mac

NetFlix Inc

Hey guys! Here's next week's upcoming earnings calendar!

The most important thing I'm interested in is if there's a change of character relative to the past e…

https://commonstock.com/memo/52636f91-cced-4493-b8ff-bd48e12aea8f

Upcoming Earnings Calendar … by Alberto Wallis | Commonstock

Thanks for posting @awallis. This week, I'm most excited to track the earnings of $NFLX. Apart from being 'nibbler' position in my portfolio, I'd like to learn about their (a) int'l traction (b) commentary on economy opening back up as it related to subs/usage (c) commentary on recent price increase and (d) progress/plan on gaming.

I'm also interested in $BAC and other banks in general, especially any expectations of interest rate increases.

https://commonstock.com/memo/52636f91-cced-4493-b8ff-bd48e12aea8f by @awallis

Alberto Wallis

Airbnb Inc - Class A

Akamai Technologies Inc

Chegg Inc

Salesforce.Com Inc

Dropbox Inc - Class A

Elastic N.V

Petco Health and Wellness Co Inc - Class A

Zoom Video Communications Inc - Class A

My portfolio update. Again, VOD is an error, not 25% but <1%. In the pull back over last week+, I
(a) Almost deployed all my 11% cash.
(b) Sold over half of VG due to acqn
(c) Sold around 25% of my holdings in banks, blue chips that didn't fall much
(d) and rotated towards high-tech high-growth. Finally some enticing prices. >doubled holdings in $ESTC, $CRM, $ABNB, $PTON; nibbled on $CHGG, $ZM and bought 2024 calls in $WOOF, $DBX, $AKAM.

Jumia Technologies Ag - ADR

Udemy Inc

WeWork Inc - Class A

Zendesk Inc

Following up to my post on being greedy when others are fearful.

I've been rotating out of some of my positions in banks/CPG to buy some battered high-tech high-growth names that I think are strong companies, now at reasonable prices.

Adding to my existing speculative posns
$PTON
$JMIA
$WE

Adding to core posns
$ZEN
$WOOF

New positions
$CHGG
$UDMY

Also, plan to buy LEAP calls on the following if prices dip further (set orders with aggressive price limits).

Bought <1% more ESTC

Bought 3% more DBX

New position in PTON

Coupa Software Inc

Bought 9% more COUP

New position in POSH

Vonage Holdings Corp

Sold 12% of VG

Zillow Group Inc - Class C

Phew! Typically I view price drops as overreaction, but sometimes good to sell ASAP when there is thesis-changing news.

Sold all Z

Momentive Global Inc

Still bullish on $MNTV,  but still a bit annoyed with their decision to merge with $ZEN on those terms. I ended up selling 50% of my MNTV, and took 20% of that and bought $ZEN, since I think their getting a sweet heart deal and their stock got hammered. (I won't buy more since I think $ZEN is a fine but not great company, at a fine but not cheap price (before the drop)

Sold 50% of MNTV

Spotify Technology S.A.

Sold 2% of SPOT

Check out the recording and transcript for the Q3 2021 Airbnb, Inc. (ABNB) earnings call for free

https://app.fincredible.ai/company/ABNB/earnings/2021/q3/transcript?keywords=demand

Airbnb, Inc. (ABNB) Q3 2021 earnings call on 2022-01-09 | Fincredible

Crap I sold, but I get jittery with high valuations. But I guess I still hold 66% of $ABNB. Stellar earnings for what I think is one of the most iconic companies. Just read the snippets from the call when talk about supply and demand. The fact that you can direct demand to where supply is (and sheer growth in demand) is impressive - https://app.fincredible.ai/company/ABNB/earnings/2021/q3/transcript?keywords=demand,supply