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Here is your host, Dan Ferris.

Hello and welcome everyone to another episode of the Stansberry Investor Hour. I'm your host,

Dan Ferris. I'm also the editor of Extreme Value. That's a value investing service published by

Stansberry Research. We have a great show lined up, but first, a rant. Okay. Now, this week,

it's going to sound a little bit more like a rant, like an actual ranting, raving Dan. And what I'm

ranting and raving about is the company, is about to go public called Peloton.

Now, the word Peloton means pack or group. It refers to the group of bicyclists that you get

in these bicycle road races like the Tour de France. So, you know, the main group is called the

peloton or I guess it's

peloton or something like that. And Peloton is a, you know, they sell exercise equipment. They

sell these, what we would call in my generation a stationary bike. And I think they call it an indoor

cycle or something with a big TV screen

attached, and you sign up for $39 a month and you get all these workouts that you can click

on and you do the workout that's happening on the screen and there's an instructor on the

screen doing the exact same thing that you're doing, peddling one of these bikes,

looking into a camera. And it's spin class. The word spin is trademark, so they can't use it,

but it's spin class on a screen in front of virtual spin class. And the bike costs $2,000. Yes,

$2,000. Now, I'll get to that later, but first, I need to disclose a great big fat bias here.

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