Who Ate Weight Watchers’s (WTW) Lunch?
Weight Watchers (WTW) has attracted a lot of attention in the past 6 months. Here is why:

The stock price has declined from the $45 range to the $37 range, to $30, to $20. And, if you look further back, you will see the 2011 and early 2012 peak of $80. Terrible!
What is so great about WTW?
Operates on virtually zero capital.
Has mindshare, thanks to its…