Peloton (PTON) Lied, Offering On The Way Down -66% This Year

Peloton (PTON) diluting shareholders on the way down as management unloads at the top is the epitome of horrible management. Get a load of them raising $1 billion after being down 66% just this year after saying they needed NO CASH. I think this sees far more downside in the coming months and wouldn't touch it with a 10 foot pole.

Stock price cratering.
Lose $1 billion.
Say they don't need cash, turn around and offer.
Dilute at $46 with price about $50.
Lower guidance they just introduced.
Management selling.

0:00 - 1:50 Details of the Offering
1:50 - 2:35 Management (smh)
2:35 - 4:18 Timeframe and Thoughts

#competence

This is my opinion, but what do you think, is this actually an opportunity for the company or just further proof of them being incompetent?

https://www.cnbc.com/2021/11/16/peloton-files-to-sell-1-billion-in-stock-offering-shares-drop.html

***Disclaimer: This is for educational purposes containing my personal opinions and approaches, this is not investment advice. All trades are made in my smaller accounts to accommodate reasonable expectations for beginning traders with smaller accounts.***

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