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      "text": "We lack visibility and thus conviction in the medium-term outlook as we await more detail around new CEO Barry McCarthy's go forward strategy, including equipment pricing changes, subscription pricing, and the evolution of the content platform...",
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      "text": "If Peloton tries to go alone ahead, not sell, there are cautionary tales of troubled consumer products in cost cutting mode that have been down this path with Fitbit and GoPro coming to mind in darker stories.",
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      "text": "Our first take of the call is that, unfortunately, it didn't feel like much was different. John Foley as Executive Chairman appeared to hold as much court on the call as John Foley CEO.... Chasing the goal of growth while just beginning to restructure appears potentially counter-productive.",
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