Is Peloton's Big Debt Refinancing 1 More Reason to Avoid the Stock?

Peloton did something very important, but it will still make the company's quest for sustainable profits even harder.Peloton Interactive (PTON 1.39%) is still trying to figure out what it wants to be when it grows up. It tried making exercise equipment, but that didn't work as well as hoped. Now, it is trying to be a subscription exercise service, which doesn't appear to be working out as well as hoped, either.That said, the company's recent debt restructuring has managed to buy some time for management to ...