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GNC (GNC) shares will debut on the NYSE this morning after it raised $360M in its IPO. The...
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Friday, April 1, 2011, 8:20 AM ETGNC (GNC) shares will debut on the NYSE this morning after it raised $360M in its IPO. The health-food products retailer sold 22.5M shares for $16 each, which was in the midpoint of expectations. (PR)
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They don't have $1.82B in revenue from 3200 stores nationwide if the only person in the store is behind the register. Just about $568,000 per store revenue last year.
One more anecdote. Someone walks in the gym with one of these shaker cups for his protien. Two weeks later, everybody has a Shaker cup. That big dude on the bench talks a bout this stuff called Jack3ed. Two weeks later, everybody is Jack3d.
I see this over and over with product after product.
Look at the chart. Higher highs, higher lows, and outperforming on the down tapes. It's not about P/E on this one. It's about the high end, healthy living consumer discretionary Bull Market. Look for some solid numbers in August. The calls are cheap right now.
I am long the GNC Aug $20 calls.
If it hits $27 before then, it's a triple at these prices and I'm out. Mkay.
B50