In terms of GNC in general, still boggles me why people continue to sell this off when it's currently trading on less than 5x earnings and has such quality assets... even if you assume the past year is a bit of a one-off aberration of exceptional profits, if you average out the NPAT of the past 2 years (around $260m profit) you still get 6.5 P/E.
Are people that paranoid about future weather events or something for it to trade at such a discount? I mean there's not much to compare it directly to on the ASX, but maybe if you pick ELD as the closest match then that is currently trading over 9x earnings when by all indications GNC looks like more of a quality business.
The stock market sure is an interesting place :/
GNC Price at posting:
$7.85 Sentiment: Buy Disclosure: Held
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