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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
purposes only.

FRX has been taking off lately after announcing a three-way (SPAC) merger with Beachbody and Myx Fitness.

The SPAC merger between the three companies will have the combined entity operating as The Beachbody Company. This will have it serving as the parent company of Beachbody On Demand, Openfit, and Myx.

Once the merger is completed, it will operate under the ticker, BODY.

I’ll explain more on the at home fitness momentum that is sure to see this share price tick up, but first, let me introduce you to this all-star management team that’s also got people pretty damn optimistic.

The SPAC members include three former executives from Disney. Kevin Mayer was the former Executive Vice President of the internet group, which included ESPN.com. Mayer also helped lead the direct-to-consumer strategy that launched Disney+.

Salil Mehta worked at Disney from 1994 to 2008 serving as the former Executive Vice President for the ESPN Enterprises division.

Thomas Staggs is the former Chief Financial Officer of Disney from 1998 to 2010. While serving as CFO, Staggs led Disney through acquisitions of Capital Cities/ABC, Pixar and Marvel Entertainment. Staggs served as the Chairman of Walt Disney Parks and Resorts and was a key to the company opening a theme park in Shanghai, China.

And to top it off, Shaquille the diesel O’neal, is a strategic advisor along with Martin Luther King III.

Now that is an experienced lineup of leadership.

FRX is currently trading for $15.75 at the time of this filming and it jumped up a chunk because of an announcement of a second spac being led by the Disney execs.

They plan on rivaling Peloton international, ticker symbol PTON, whose share price saw a significant increase during the roni roni because of at home workouts becoming more common place while gyms were closed. Right now that share price is trading for $139.45.

There are a lot of expectations that FRX’s share price will drive up near those same Peloton numbers, and in all honesty, a lot believe it will be more valuable than Peloton. They believe we’re looking at really cheap stock right now that is about to push up hard.

The SPAC's merger with Beachbody and MYX Fitness will value the combined company at almost $3 billion. It comes as the popularity of at-home fitness applications has grown during the pandemic. "With brands such as P90X, INSANITY and 21 Day Fix, Beachbody has consistently expanded its market share over the past two decades through its proven model of integrating the most comprehensive library of premium fitness content with easy-to-follow nutrition guidance and supplements," Forest Road said in a statement.

Then add that growing customer subscription base to bikes and equipment from MYX, and you have a serious fitness stock contender.

Myx’s bike comes at a lower cost at $1,299 per bike and a $29 per month subscription than Peloton. Category-creating Peloton offers its cheapest bike package at $1,895 and $39 per month for any subscription that provides more than real-time bike stats and three classes.

If anyone is going to undercut Peloton, Beachbody may have the platform to do it, with enough existing customer base heft to cross-sell users onto and back off of the bike. It expects its connected fitness revenue to be $97 million in 2021 and grow to $581 million in 2025E.

The fitness industry as a whole is growing. Look at these home fitness numbers. The global home fitness app market is expected to reach ~US$ 26 Bn by 2030 from ~US$ 4 Bn in 2020, expanding at a CAGR of ~21% from 2020 to 2030. If you don’t think a power player like Beachbody and Myx can get a good chunk of that, you’re kidding yourself.

#spacnews #beststockstobuy #cheapstocks