Is This a Better Fitness Stock Than Peloton in 2023?

It probably goes without saying that Peloton Interactive (NASDAQ: PTON) has dealt with more than its fair share of troubles over the past year. The disruptive exercise equipment maker benefited greatly from a pandemic-fueled surge, but when demand dried up, the company's financial situation deteriorated quickly. Instead of betting on Peloton to successfully execute a difficult turnaround, investors looking to allocate capital to the fitness industry should look at a safer, already profitable enterprise.