121: BONUS EPISODE: Peloton IPO Special with Michael Jurenka

The Clip Out - Peloton Fitness News

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🗓️ 3 September 2019

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's a special bonus episode of The Clip Out. Peloton's SEC filings are public and all of us outside of the financial sector are collectively wondering what it all means. So we dig into them with special guest Michael Jurenka C.P.A. If you've read many of the articles written so far, you've undoubtedly been frustrated by their complete lack of understanding when it comes to what differentiates Peloton from other, ordinary exercise equipment companies. We wanted someone who could understand what makes Peloton special without being blinded by fandom. Yet, we also needed someone who understands the passion that Peloton has inspired in its users. That's where Michael Jurenka comes in. He isn't just a certified public accountant. He's also a Peloton owner. So he brings both financial expertise and a love of Peloton to the table. Now keep reading while we do a little CYA: (This information is provided for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney, financial adviser, or other professional to determine what may be best for your individual needs.) For information regarding your data privacy, visit acast.com/privacy

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Transcript

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0:00.0	If Peloton wanted to, if it just slashed its marketing and it stopped opening stores to sell the product, it could probably be profitable next year if it wanted to.
0:10.1	It's more than just your output, more than a bike.
0:13.5	When you hear your shout out, you know it's all right.
0:17.1	Put on your magic pants and let's go.
0:20.3	We're cruising into the power zone
0:22.4	Join us today for a very
0:26.0	Come on and take it right to me
0:29.1	You know what you need to know
0:30.8	And what's it all about
0:32.6	Everything you need
0:34.1	It's on the clip out
0:43.1	Join us today for a very special bonus episode to discuss exactly what all the fancy government filing paperwork means it's uh mike jarenka hey mike how's it going
0:49.6	well well well we'll fix that.
1:02.7	So, Mike, can you start by just kind of giving a little bit of your background so people know where you are from an expertise standpoint?
1:04.3	Sure, yeah.
1:14.3	So I grew up in Montana and went to Montana State University and became a CPA. I got my degrees there and moved out to Seattle. And I worked for a CPA firm for about five years, mostly focusing on the tax side,
1:21.9	not so much the auditor accounting side. And then 10 years ago started my own firm with another business partner in a little town
1:29.7	called Issaquah, which is basically just a suburb of Seattle.
1:34.7	And we do mostly federal and income state, federal and state income taxes.
1:40.5	But I also have kind of an affinity for investing and get a lot of questions from my clients about, you know, financial planning matters.
1:49.7	And so this is not my first official government form I've ever read and look through that it's not probably the most exciting.
2:02.8	So wait, some of them are exciting?
	...

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