Peloton announced plans for an initial public offering on the Nasdaq under ticker symbol PTON.

The fitness equipment maker aims to raise $500 million in its IPO.

Also included in the pre-IPO filing was a little insight into Peloton's finances.

The positive?

Peloton is making money with revenue of $915 million for fiscal 2019.

But the problem is that it's burning as much cash as it is calories.

Peloton reported a loss of $245.7 million in 2019, compared to $47.9 million in fiscal 2018.

Is the upcoming IPO the right fit for your portfolio?

Action Alerts PLUS senior analyst Jeff Marks breaks down what it would take to get him to invest in Peloton.

Catch his full take in the video above.

Ask the Expert: Ask the Expert: Here's How Cannabis Investing Differs From Other Sectors TheStreet Explains: The Benefits of Using a Credit Card Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Jim Cramer and TheStreet Launch Bull Market Fantasy Channel on Maven Jim picks stocks on Wall Street, now he's picking NFL players for fantasy football!

Check it out at - check it out here or see his latest videos below: Cramer Confessional: Jim Cramer's One Fantasy Drafting Regret Cramer's Fantasy Football Draft Got a Little Crazy - Watch Jim Cramer Breaks Down His Top Lesson From His Fantasy Draft Catch Up: Today's Top News Videos Below

Continue Reading

on One News Page