The Carlyle Group, a private equity firm,  is paying $55 a share for NBTY Inc. NBTY makes nutritional supplement and we bought some of it’s stocks in May. Here is what we said in our May update:

NBTY Inc makes and markets nutritional supplements. They have been growing rapidly in the last decade, and still generates good income. They provided lower guidance for the year and the stock took a beating. $32.50 was a good entry point for us. It could easily go above $40.

$55 represents a 47% premium over it’s closing price of Wednesday. For us, it would represent a gain of 69.2% based on our average cost of $32.5.