Old 09-26-19, 10:33 AM
  #4049  
Hermes
Version 7.0
 
Hermes's Avatar
 
Join Date: Oct 2006
Location: SoCal
Posts: 13,127

Bikes: Too Many

Mentioned: 297 Post(s)
Tagged: 0 Thread(s)
Quoted: 1340 Post(s)
Liked 2,482 Times in 1,457 Posts
Peloton went public today priced at $29 a share. It is down in trading about 7%. I think many of the Peloton cycles will become towel racks. Last night, when leaving the gym, I saw the spin class had 3 participants. Not exactly a Soul Cycle turnout. In La Jolla, we have many gyms, spin studios, yoga studios, pilates studios, massage parlors, recovery facilities and IV studios, one has to wonder how they make any money. And Life Fitness is building a 40,000 square foot full service gym, spa and etc to add to the mix.
Hermes is offline