Jared Lechner

The View from 5th Avenue

The View from 5th Avenue – 7 February 2022

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Tomorrow brings my once a year ski trip. I’m still not sure why I insist upon doing it, although the après would be the logical answer. To get to that portion of the day though one must survive the actual skiing bit and it was a trip to Vermont 4 months into my Redburn tenure with fellow colleagues that demanded I learn how to ski; or at the minimum not kill myself in doing so. Investors have similarly had to navigate some slippery slopes to start the year and after some ‘yard sales’, the market has recently been traveling on steadier legs. One must get back on the horse as they say and for one stock in particular today, back on the bike would be more apropos. Peloton is finally getting some positive news after it’s 12-month chart has looked like it’s going downhill without brakes, speculation that some are interested in bidding for the company. M&A talk moved from the pavement to the sky, airliners getting a boost on the announcement of a merger between Frontier and Spirit Airlines C a flight on the either analogous at times to an average skier taking on a double black diamond. And dating software Bumble acquired Fruitz, an app in Europe that members communicate through ‘playful’ fruit metaphors C how could that possibly go wrong.