GNC has shown a particular poor skill at managing capital. A...

GNC has shown a particular poor skill at managing capital. A great example of the poor judgement GNC has had, is the UMG float off and subsequent takeover offer for UMG.

RIC will play the intelligent investor and spring into action when the opportunity provides and when the target least expects.

I rate RIC current management 10/10 and GNC board and management about 2/10

It would be a big move but RIC has the skill and track record to make it work.

say $1.8 billion for GNC or 814 million RIC shares. For a total 1.134 billion outstanding RIC shares. Sell surplus assets in GNC maybe $1.2 billion, then do a capital return of $1 per share.

or $1.2 billion cash to GNC and issue 300 million RIC shares, its a doable deal either way.

The resultant RIC should be valued at over $1.5 billion or $2.80 per share.

only speculation and my opinion of what is possible.