“This is the kind of thing that will be exciting for today, tomorrow. And then, I think we’re going to look back and say, ‘What were we thinking,’” MadMoneyOnCNBC's Jim Cramer says about Peloton's IPO.
Peloton describing itself as more than a high-end bike and treadmill maker is dubious, Cramer suggested., in addition to an exercise machine, technology and subscription company. "To the extent that we stream close to 1,000 hours of live television programming around the world every month, it's hard not to say we're a media company as well," he said. "I mean, this is original programming.
"It's great they can portray all these things," said Cramer. But at the end of the day, he argued, "It's a company that's an exercycle." "My wife has it. She regularly hangs laundry on it, which is terrific because I don't want the laundry in my closet," said Cramer, in a twist on Monday's "hang your towels up" hyperbole.Peloton was not immediately available to respond to CNBC's request for comment on Cramer's remarks.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jim Cramer on the impact of impeachment on the market: 'We've seen this movie before''I say there's no hurry to start buying here, although … history says that you're going to have to try to pull the trigger soon, rather than be left behind,' CNBC's Jim Cramer says.
Consulte Mais informação »
Apeel Sciences CEO tells Jim Cramer how they save your fruit while saving grocery stores money'We use food to preserve food,' says Apeel Sciences CEO James Rogers, whose company has partnered with Kroger to sell avocados that age at a slower rate.
Consulte Mais informação »
Jim Cramer: How Nike keeps delivering results, despite China trade headwindsInstead of being beholden to the trade war, 'Nike's actually the most in control of its own destiny,' Jim Cramer says.
Consulte Mais informação »
Disney CEO Bob Iger tells Jim Cramer why he had second thoughts on a Twitter deal — 'I got cold feet for the right reasons''There are things Disney shouldn't even try to do well and that was one of them,' Disney CEO Bob Iger says.
Consulte Mais informação »
Everything Jim Cramer said about the stock market on 'Mad Money,' including Nike earnings, Twilio CEO, Whirlpool's prospects, Twitter got awayJim Cramer breaks down Nike's performance in the face of tariffs, sits down with messaging provider Twilio CEO Jeff Lawson, analyzes Whirlpool's stock and says Twitter got away from Disney and Salesforce.
Consulte Mais informação »