GNC - GNC: The Federal Cavalry Isn't Coming To The Rescue

Our last article on GNC (GNC) elicited a spirited discussion regarding the potential for the company to qualify for loan support under the recently passed stimulus package. The view taken by some was that the company would clearly qualify (although the full scope of the rules and regulations governing the programs had not yet been established) while our view was that qualification was unlikely given the company’s preexisting financial condition and the fact that it would be difficult to demonstrate a need relating specifically to coronavirus related issues.

It’s never wise to say