I believe investors within Seeking Alpha community are overly optimistic about future prospects of Weight Watchers (NYSE:WTW). There have been a total of 6 bullish SA Pro articles published on the stock during the last year. However, I believe most of the articles fail to recognize the fact that Weight Watchers seem to be losing its appeal to customers and that this is unlikely to change going forward.
In this article, I will outline my bearish thoughts on the company, arguing that there is hardly any upside left for investors and that the downside risk is relatively high.
Network effect on declining meeting attendance and revenues
It is a widely-known fact Weight Watchers' revenues are in decline, however,...
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