https://www.cnn.com/2019/02/27/inve...rnings-stock-ww-oprah-winfrey-keto/index.html "I love bread!" just doesn't cut it anymore. Oprah is down 58 MM. "Shares of WW (WTW) — Weight Watchers' new name — closed down 34% on Wednesday after the company shocked Wall Street with poor earnings and sales. CEO Mindy Grossman attributed the problem to the keto diet, a popular eating regimen that makes bread and other carbs taboo. She said during a call with analysts Tuesday that keto is "becoming a cultural mean," and she even called it a "keto surge."" "The stock slide is also hurting Winfrey, the second-largest shareholder in the company. She bought 6.4 million shares of WW in October 2015 — a stake that at the time was valued at $43 million. At the peak of the stock's value last July, her investment would have been worth about half a billion dollars, an amount that accounts for a sale she made of some stock last March. Since that July high, WW stock has lost more than 80% of its value."
WW? Doesn't that stand for Wicked Weasel? https://www.wickedweasel.com/en-us Ah well, little chance of confusion over these two names.
Apparently Diet Doctor copied WW business model but using science that works and makes people actually lose weight and not gain it back
I have heard that WW has various eating programs that let you control and design what you eat and can be very flexible. To blame poor earnings on keto diets seems kind of childish for a large corporation rather than looking at their business model itself. They are in a fierce competitive market with numerous companies offering meals and plans to lose weight. There are services that offer pre cooked meals as well as designed meals you can cook yourself, all delivered to your home. Go to the supermarket and see the amount of bars, forzen meals and competition they face. Even when WW went with pure online and ditched the meetings, it was still a cumbersome system of counting points and measuring and most people are in need of a diet BECAUSE they were too lazy or unable to manage the eating haha. Slim Fast, Nutrisystem and various others are fighting for the fat dollars and WW is no longer the only game in town. Keto has been around for a while as has Paleo, Whole Diet and various other names, and to say that all those losses since last July are due to that is just management blindly looking for something else to blame than their own piss poor job.
Well, you can do the math, all the info were given: 1. She had originally 6.8 MM stocks. 2. She sold X numbers. 3. The current 10 dollars drop in stock value caused her to lose 58 MM bucks. 4. What is X? She sold app. 1MM stocks...Still owns 5.8 MM. When WTW picked around $100, her holdings were worth more than half billion.
"Oprah Winfrey first bought Weight Watchers stock in October 2015 for $43.5 million."she sold 1 million at $100. As Cramer would say she is now playing with house money.