Weight Watchers; Buffett’s Annual Letter

0
Weight Watchers; Buffett’s Annual Letter

Whitney Tilson’s email to investors discussing his Stock Idea of the Day, “Weight Watchers,” and Berkshire’s letter in which Buffett removed change in book value per share and explained why.

removed change in book value

1) Today Stock Idea of the Day is Weight Watchers (NASDAQ:WTW), perhaps best known for its association with Oprah Winfrey, who owns 8% of the stock. The stock is cratering today after the company cut its 2019 profit guidance in half. It’s been on a wild ride the past two years, rising from $12 to over $100 last summer before giving almost all of it back, as you can see in this chart:

Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]