Peloton and SmileDirectClub: Sign of things to come?
In their article for Bloomberg, Bailey Lipschultz and Drew Singer cite the poor performance of recent consumer IPOs Peloton and SmileDirectClub as a possible indicator of an upcoming economic recession. The two cite Triton's Rett Wallace, who suggest that retail buyers of the stock may be among the first to sell should things go south. "“The weakest link is retail. Companies that sell to –- or stocks that are bought by -– individual retail buyers will feel the effects soonest and most,” said Rett Wallace, CEO of Triton Research Inc." Full article on Bloomberg - HERE