GNC - GNC Holdings: What's Next Post CFIUS Approval?
Thursday morning, the GNC Holdings, Inc. (GNC) faithful awoke, what few there are left of us that is, to some most welcome news of CFIUS approval (see appendix). Over the past few months, a confluence of fears gathered intensity, especially as the U.S./China trade tensions captured more headlines and media sound bites. This, in turn, coupled with theoretical negotiating posturing reinforced this negative feedback loop and left GNC's stock stuck in purgatory.
After all, when a pivotal $300 million convertible preferred joint venture hung in the balance, retail GNC shareholders remained fearful, the