Thursday, November 12, 2009

Weight Watchers Financial Info Diet

Weight Watchers (WTW) issued a diet adjusted earnings release. They let you know what the Q3 earnings are; adjusted the guidance for Q4 and therefore the year and really did not address any operating or financial issue. If you were looking to invest you would not be attracted. If you are an investor you would wonder why there is so little information and ask yourself “What does that mean?” Next question would have to be “Why is management not proud of itself?”

David Kirchhoff, President and Chief Executive Officer of the Company concluded his very brief remarks by stating “we are continuing to pursue and invest in multiple initiatives to drive long-term growth in our business."

Still adrift in a life boat waiting to be rescued.