### Comment:
yeah its bad,  don't hold me to the details,  but i reviewed the Citron research, and their numbers showed roughly $15,000 per EV at Peloton,  vs something like $200 per EV at Facebook,  or $600 at Netflix.    
  
  
 EV - is enterprise value per subscriber/ user.   
  
  
 its a gray area metric,  because its tough to measure how allied or flighty a subscriber or user really is.

### REPLY:
&gt;its a gray area metric, because its tough to measure how allied or flighty a subscriber or user really is. 
  
 This is so far out of whack that it doesn't really matter. I always like to think about buying a stock as if I'm buying the whole company. Even if their subscribers were 20 year customers and I could grow the base 500% do I really want to wait that long to break even? Maybe if I could pay 2B for the company and bring that down to 5 years we could talk.

### END.