, news broke that media titan Oprah Winfrey purchased a 10 percent stake in Weight Watchers International. Winfrey purchased her allotment of shares
at the stock price of $6.79 per share with a total investment of $43.2 million. On Monday evening, Weight Watcher’s stock price increased to almost $14 per share.
Why should this news be important to you? Let’s put it this way.
If you were lucky enough to have taken $1000 of your hard-earned savings and invested in Weight Watchers (WTW) on Friday, October 16 at the price Oprah purchased her stocks at ($6.79), your $1000 would now be worth over $1900 (as of 1 p.m. EST on Monday, Oct. 19). This is called a come-up and I believe everyone should be interested in come-ups.
Reasons Why This Matters to You
1. Oprah is a boss and it’s important to take note of what bosses do so that you might incorporate said bossness into your own way of life.
This doesn’t need anymore explanation. Continue to number 22. Oprah recognized an investment opportunity and took advantage.
A key to investing and growing wealth is recognizing opportunity and being willing to invest in said opportunity. Weight Watchers' profits are down 50 percent in 2015 and their stock price has plummeted 72 percent since the beginning of the year. It’s a company that has had to make changes as a result of new smartphone apps and online programs playing in the weight management space once dominated by Weight Watchers. Oprah saw the opportunity to leverage her value, personality, and media properties to prop up and revitalize a brand that aligns well with her existing business assets; she made the call and is already enjoying a 100 percent increase in the value of her investment.