Peloton is Hurting!

I just saw this article pop up today. Peloton (PTON) whoonce had stock prices up as high as $165 per share is way down to about $14 per share right now. This article was on CNN today:

It highlights some of the issues the company is having. When Beachbody announced that we were launching the MYX bikes on our platform they dropped their prices on the BIKE & BIKE+ to remain competitive with our bike. I have all 3 bikes the basic Peloton BIKE and the MYX Bikes V1 & V2. I did a review about the bikes here:

In a nutshell I said if you already have a Peloton I would keep it. If you were looking for the best value going forward I think that the MYX-Beachbody V2 bike is the best value.

There is thing I like about both bikes better than one or the other. Having both I choose to use my MYX bike every time. Even though I have have also made some modifications on my bikes.

Any who it seem like the lowered price that they were offering on their bikes is coming to an end. At the time I was a bit offended that I had paid full price for a bike but they could afford to drop the price by hundreds of dollars just because there was another competitor on the market. Well maybe that was a loss just to stay competitive. I enjoyed my Peloton I especially liked attending the live classes in their studios. They use to have like 20 live bikers in each workout. Then if you went back home you could compete against yourself in a recorded workout. But, they have not held in person classes since the COVID and the old videos I was in they deleted! Grrrrrrr :0(

In the meantime Beachbody (BODY) stock is coming up from a low! And with all the things that I know they have in store I know its a killer deal right now! They just merged with MYX Fitness Bikes and now all of the old recorded workouts are now available on BODi. So if you had an only Bike on OpenFit or MYX platforms you can now still use in on BODi for only $20 a month as opposed the $50 per month that I used to spend on Peloton online services.

With bike selling at around $1,000 with no interest and payments as low s $25 dollars a month I am excited what’s in the future for BODi!

If your interested in ordering a bike hit us up. There are instructions in the video above about how to order and what the procedure is.

-Jason