Wow, did we get hoodwinked! I played the earnings like everyone else here, assuming that the whole weight loss market was on fire. Like someone said earlier, I guess it's a zero sum game and NTRI just literally got it's lunch money stolen by WTW. I held Herbalife last year and looked at WTW this year but chose NTRI because of it's stronger balance sheet and sound dividend. I just wasn't aware that their management could be this incompetent. I've listened to a lot of earnings calls in my day and these guys are frankly clueless. How can you completely drop the ball in the biggest weight loss month of the year. I feel terrible for all of the employees who got their pink slips today because tweedle dee CEO and tweedle dum CFO were sitting on their hands while WTW stole their lunch money...please Board, can these guys and get some competent leadership in place. With 30% of the US considered obese, this market is way to lucrative to get caught with your pants down in January.
I am the one who said that longs should consider whether the whole market was on fire (not), or whether WW was just stealing market share. Most companies don't drop price if they have branding advantages. Too many horses in this race.
I held this one, waiting for just a bit higher than that $33.54 peak over a year ago, then that made me wary and I sold SNDK at $35 (lately in the $50's), and sold NOV at $45 (lately over $80, and so on).
I am a perfect reverse genius, an idiot-savant-minus-the-savant.
And, I'm going to sell this piece of suspiciously colored playdough and never look back!
Waidaminute, if I'm such an anti-savant, and I'm saying... It's trying to twick me again!
Anyway, I think management knows how to squeeze blood out of a rock, but they still can't grow revenue, so any irrational peak in the price -- me and this major, ongoing headache are quits.
Problem being, whatever peak it reaches may be pretty stingy. They're efficient, and they still have a nice dividend, but where's the optimism to come from for the next 3 months+?