From Silicon Alley Insider: Lots of money to be made in helping Americans lose weight, thinks former AOL president and current Pilot Group principal Bob Pittman. Pilot has bought nearly 3% of NutriSystem (NTRI), almost 1 million shares, a source tells us.
This is a new direction for Pilot, which normally invests in private start-ups and media properties. The firm reportedly thinks NutriSystem’s core business is undervalued, leaving the possibility for an “LBO-like” return (e.g., 5%-25% per year over a number of years).
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