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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 65 slides",
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  "authorName": "Blackwells Capital",
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  "presentationDate": "2022-02-01 00:00:00",
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  "notes": "Uses a 'Markets Insider' pull-quote to validate the critique of capital allocation.",
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      "text": "Foley invested $800 million in acquisitions and capex with pride as his lodestar. Foley bought troubled Precor for $431 million. Months later, he was forced to admit it was a mistake. Then, Foley invested another $400 million to develop 1 million square feet of production capacity. Seven months later, Foley delayed the progress, admitting the capacity was not needed.",
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      "text": "The slowdown in demand for Peloton makes its past decisions particularly challenging. The company acquired exercise equipment manufacturer Precor for $420 million in 2020 and announced it would build a US manufacturing facility for about $400 million.",
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      "kind": "source-note",
      "text": "1. Source: Peloton Interactive Q2 2021 Earnings Call transcript. 2. Source: Peloton Interactive Q1 2022 Earnings Call transcript. 3. Source: https://markets.businessinsider.com/news/stocks/peloton-stock-falls-below-ipo-price-production-halt-demand-drop-2022-1.",
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      "text": "POOR DECISION MAKING: POOR CAPITAL ALLOCATION",
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