Today I will add Weight Watchers (WTW) to the Growth Portfolio. Also, WTW will replace Ctrip.com (CTRP) in the Aggressive Growth Portfolio.
WTW beat the street this morning but the BIG news was management upped 2011 guidance to $3.85 (vs analyst estimates of $2.77). That would be annual profit growth of 50%. 50% growth, think about that, we haven’t even started with 2011 earnings yet. That means maybe four solid earnings reports ahead of us. Hitting the news. CEO on TV. Stock being mentioned.
WTW is selling for 16 times earnings, and with positive momentum with estimates rising, this stock is poised to have a solid year.
I worked on WTW’s charts today but was unable to get a clear picture on the stock as quarterly estimates have yet to be updated. So there’s no charts, earnings table, fair value yet. I’ll write a full article either next week or the week after.
