Turnarounds are so incredibly challenging. Success requires: 1) deeply understanding the market and true range of outcomes, 2) great strategy / decision making and 3) execution. Investor disappointment often comes from unrealistic expectations re: market demand. Management must be intellectually honest...and have the courage to explain what is...and the so what. And sooner and simpler is better. #peloton #turnarounds #valuecreation #alpha #strategy #wsj
Tough to see a company with such a great product struggling - especially from such disastrous past business decisions. I thought Barry did all he could to get the business back on firm footing - let’s hope it’s enough for them to survive.
It was completely predictable that demand would plummet post-pandemic. Seems odd that the company leadership didn’t do more to properly prepare for that likely outcome.