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  "documentTitle": "Peloton Interactive (PTON)",
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  "authorName": "David Einhorn",
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      "text": "Peloton generated a gross profit of about $1.2 billion; it is 44% of sales, which is slightly lower than the median peer group at 47%. Part of this is that equipment sales have almost no margin. The 68% margin on subscriptions is actually quite adequate.",
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