Thanks, I can't believe it could tank this bad on an undervalued stock with a price target of $47.89, which is almost 50% upside. Also, this is weight loss time and the stores are so busy. I guess it is a great buying opportunity :). This stock is a winner, no reason for this oversold share price.
I agree with AntiqueBern. There's a lot of positives going for GNC into its earnings. Under Armour reported a solid quarter, and the people who buy UA products are often the same who buy GNC products. GNC is now in Wal-Mart stores. Pet stores are doing well, and GNC is in those, too.
I've seen JP Morgan downgrade a company, most recently DDD a few months back, only to issue a buy rating a couple weeks later. And I think that's what's happening here with this firm.
The only concern with GNC I have is something they already mentioned on their last conference call, and that was how the new policies regarding the Gold Card may at first have a negative effect on margins. But other than that, there's new product launches and advertizing campaigns that I think will boost GNC.