Revisiting Some Past Calls

Over the last few weeks and months, I've made several recommendations -- and, in my view, it warrants revisiting those from time to time in order to see if we should hold the course, trim or exit the position. Good or bad, what I'm talking about here is trade analysis, combined with what the latest data, be they economic- and industry-related or from the company itself in or from one of its competitors. Taken together, these data can all help us decide the next course of action. This routine exercise seems rather timely at the moment, given that it's earnings season, so let's take a look at GNC (GNC), Trinity Industries (TRN) and AOL (AOL). 

I wrote up GNC shares favorably a month ago, when the stock was at $34, given the growing consumption of vitamins and nutritional supplements as demographics continue to skew older. This week management again upped the company's 2012 expectations: They now see revenue of $2.37 billion for 2012, up 14.5% from last year, compared with the previous expectation of a 10% increase. Earnings per share is now forecasted by management to be $2.05 a share, up 35% from 2011, and higher than the previous $1.82 forecast. Despite the share-price jump to $40, which had been my price target, the upward revision in 2012 guidance, along with the favorable fundamentals, has me raising my price target to $45 on GNC shares. ...484 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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