Quote:
Shares of weight-loss specialist Weight Watchers International (NYSE: WTW) soared a staggering 43% in early Thursday trading after both its quarterly results and full-year forecast blew out Wall Street expectations.
Fueled by strong demand for its subscription-based products, Weight Watchers' fourth-quarter profit jumped 160% to $0.66 per share, while analysts were anticipating $0.56. Rising costs have weighed on the company's results in previous quarters, but the recent launch of its new PointsPlus weight-loss program, as well as drastically improved Web-based sales, seems to be turning things around.
|
Didn't see that coming. Did you have any of it?
They're preducting to beat analyst's estimates of profits for FY2011 by up to 40%, I don't think that one's topped out yet.
TSO hit a 52 week high today of $25.85, up another 5.7% on the day and up 12% on the week and up 100% in 6 months. Scary.
I'm thinking it's time to cash in some options, I just hate to take the tax hit.