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Stock Market & Financial Investment News

News Breaks
February 14, 2014
10:23 EDTWTWWeight Watchers hits fresh 52-week low after results, levels to watch
The stock is down 25% to $22.94 at time of writing after the company last night reported earnings that fell short of expectations. Guidance for its FY14 came in well below consensus, with the company seeing FY14 EPS at $1.30 to $1.60, against consensus of $2.78. At current price next support is at the new 52-week low at $22.35, and then at $21.89. Resistance is at $23.52.
News For WTW From The Last 14 Days
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June 26, 2015
07:14 EDTWTWWeight Watchers price target lowered to $4 from $5 at Credit Suisse
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June 22, 2015
07:03 EDTWTWWeight Watchers to prepay portion of initial Tranche B-1 term loans
Weight Watchers commenced an offer to prepay at a discount to par up to $229M of Initial Tranche B-1 Term Loans outstanding under, and as defined in, and pursuant to the terms of, the Credit Agreement among the company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and an issuing bank, The Bank of Nova Scotia, as revolving agent, swingline lender and an issuing bank, and the other parties thereto. On June 22, 2015, the company accepted offers with a discount equal to or greater than 9.00% in respect of the Initial Tranche B-1 Term Loans. To complete the prepayment of the accepted offers, on June 26, 2015, the company will expend an aggregate amount of cash proceeds totaling approximately $77.2M plus an amount sufficient to pay accrued and unpaid interest on the amount to be prepaid to prepay approximately $84.9M of the Initial Tranche B-1 Term Loans, resulting in approximately $7.6 million in savings on the payment.

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