What an incredible day for Weight Watchers International! WTW is up over 92% as The Oprah Winfrey BUYS IN… You know the details, let’s get the Buzz on the Street!
The Buzz for WTW:
Wall Street Champ notes the surprising new highs!
$WTW surprise new highs
— WallStreetChamp (@WallStreetChamp) October 19, 2015
Satoshi makes a reference to lubrication:
$WTW did float rotation. This can go so high, at the end of the day you wish you used some lube
— Satoshi Trader (@SatoshiTrader) October 19, 2015
Trade Folly wonders who…
so who guaranteed Oprah Winfrey a double on $WTW Weight Watchers after they announce her name as a shareholder? Which brokerage house?
— Trade Folly (@500pagesAday) October 19, 2015
Victoria shares a WSJ Story on this:
— Victoria Woods (@FinancialDiva) October 19, 2015
Cold Hunnid says he shorted WTW on Friday. I hope he did not!
— COLD HUNNID (@COLD_HUNNID) October 19, 2015
Money Juice says it is holding strong:
$WTW Is holding strong! I feel that it may make an end of the day long run especially if we can meet that day high!
— MoneyJuice (@MoneyJuice13) October 19, 2015
Interesting comment from RedRut:
Oprah Winfrey Alpha Strategies, tops Asset Manager charts for 2015 with her 100% gain on their first day of trading $WTW
— RedRut (@RealRedRut) October 19, 2015
Jean-Pierre thought Oprah was done with diets:
— Jean-Pierre Duvalier (@JeanDuvalier) October 19, 2015
CNBC Halftime Report:
— CNBC Halftime Report (@HalftimeReport) October 19, 2015
Krishna asks a logical question:
— Krishna (@kthirum1) October 19, 2015
(The answer to your question is that Oprah can push a product like few others.)
DeskJokey notes the volume:
$WTW Oprah caused the largest single trading day in this tickers history, that should tell you how sustainable this move.
— Deskjockey101 (@Deskjockey5051) October 19, 2015
Xtreeq is making a Volkswagen comparison:
Is $WTW doing a Volkswagen?
— xtreeq (@xtreeq) October 19, 2015
Ben says Oprah is GOD (She thinks so too):
— Ben (@BenMA7) October 19, 2015
Desk Jockey on float rotation – and, yes, we achieved it:
$WTW Closing in on float rotation, I wonder if ther are any shorts from yestereday left here now
— Deskjockey101 (@Deskjockey5051) October 19, 2015
Mikeo asks how they will cover debt:
— mikeo188 (@mikeo188) October 19, 2015
Steve L sees it happening:
$WTW here we go!
— Steve L (@CandleGlance247) October 19, 2015
The Latest News on Oprah:
Oprah Winfrey And Weight Watchers Join Forces In Groundbreaking Partnership
Oprah Winfrey and Weight Watchers International, Inc. (WTW) have joined together in a groundbreaking partnership to inspire people around the world to lead a healthier and more fulfilling life. Winfrey was compelled by the proven Weight Watchers program combined with new initiatives to broaden the company’s mission to prioritize overall health and wellness. As a part of this long-term partnership, Winfrey is making a substantial equity investment in the company and is joining the Board of Directors, bringing her insight to future products and programs.
“Weight Watchers has given me the tools to begin to make the lasting shift that I and so many of us who are struggling with weight have longed for,” said Oprah Winfrey. “I believe in the program so much I decided to invest in the company and partner in its evolution.”
“We are expanding our purpose from focusing on weight loss alone to more broadly helping people lead a healthier, happier life,” said Jim Chambers, President and CEO, Weight Watchers International, Inc. “Through our conversations, it became clear that there is tremendous alignment between Oprah’s intention and our mission. We believe that her remarkable ability to connect and inspire people to realize their full potential is uniquely complementary to our powerful community, extraordinary coaches and proven approach.”
Winfrey’s roles at Weight Watchers will include:
Member – Winfrey has joined the program and will candidly share her experiences and perspective along the way.
Board Member and Adviser – Winfrey will bring insight and strategy to program development and execution that reflects not only her own experiences as a member, but also her unique ability to inspire and connect people to live their best lives.
Owner – Winfrey will purchase newly issued shares representing 10% of the shares outstanding and will receive options to acquire an additional 5% of the fully diluted shares.
“Weight Watchers and Oprah Winfrey make a powerful combination,” said Ray Debbane, Chairman of the Board of Directors, Weight Watchers International, Inc. “Oprah is a force of nature in connecting with people on a very personal level to live inspired lives. This partnership will accelerate our transformation and will meaningfully expand our ability to impact many millions of people worldwide.”
About Weight Watchers International, Inc.
Weight Watchers International, Inc. is the world’s leading commercial provider of weight management services, operating globally through a network of Company-owned and franchise operations. Weight Watchers holds more than 36,000 meetings each week where members receive group support and learn about healthy eating patterns, behavior modification and physical activity. Weight Watchers provides innovative, digital weight management products through its websites, mobile sites and apps. Weight Watchers is the leading provider of online subscription weight management products in the world. In addition, Weight Watchers offers a wide range of products, publications and programs for those interested in weight loss and weight control.