No way would I hold through this earnings report. No way they beat with the expense of the roll out to new stores. Plus guidance will stink. Plus the right side of the head and shoulder still forming this will go back down to $15. On an up day for the markets it goes below $19/share. I can't believe people are so stupid.
Not sure what to make either, especially with the decline of WTW last week.
Here's a couple school of thoughts on NTRI:
1. If the weight loss industry itself is doomed due to the recession, then NTRI is going to tank.
2. On the other hand, just because WTW tanked doesn't mean NTRI will. Someone is winning the weight loss war. Could it be possible the reason why WTW tanked is because NTRI is grabbing more market share? If that's the case, then you might see a nice earnings report.
I've heard from people in general that nobody wants to go to those Weight Watchers meetings. They just want to buy the food and do it themselves. Will spokespeople Marie Osmond, Dan Marino and Chris Berman as well as Don Schula will make it happen for NTRI?
I hope a lot of people made New Year's resolutions and went with NTRI.