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GNC (GNC) shares will debut on the NYSE this morning after it raised $360M in its IPO. The...

GNC (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)
Comments (4)
  • you gotta be a fool to buy this. have you ever seen anyone in their stores other than the one person sitting behind the counter.
    1 Apr 2011, 08:27 AM Reply Like
  • exactly what I was going to say !!
    1 Apr 2011, 08:53 AM Reply Like
  • they sell by internet!
    1 Apr 2011, 09:43 AM Reply Like
  • I guess it depends on the store.

     

    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
    7 Jul 2011, 10:33 PM Reply Like
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