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A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You ll often find him writing about stocks in the consumer goods and technology sectors. Follow @TMFParkev
Peloton Interactive (NASDAQ:PTON) reported its fiscal year 2021 third-quarter results last week and the No. 1 question shareholders had on their minds was: How much is the Tread+ recall going to cost?
In March, the U.S. Consumer Safety Protection Commission informed Peloton (CPSC) it had concerns over the safety of its Tread+ product after tragic injuries (and at least one death) were reported involving children. After hesitating initially, Peloton issued a recall of all Tread+ products on May 5 and offered full refunds. Management also apologized for its initial hesitation and acknowledged that it should have moved quicker to issue t