After reading the conference call, I have decided to take a calculated bet in Weight Watchers (WTW). The management is cognizant of the problems and even though there are competitive/balance sheet risks, I feel comfortable with owning it at these prices. This will remain a small position.
A similar situation exists with Fortress Paper (FTP.TO). I own 400 shares and will probably add some more, maybe 100-200 shares. This is a risky proposition with huge upside. The company is a call option on DP pricing, which is at its lowest for the last decade or so.
My cash position continues to swell. These are the trades I made in this month.
ABB position closed at a profit of sfr 995
TSCDY position closed at a profit of $362
WTW sold 100 put expiry 17Jan2015@strike price $32.5 for $5.1 each
Profit from options: MT,NOV=$838.37