Update stocklemon 8/24/06
Medifast may be a legit company after all. They are executing their business plan. Are one of the rarest of companies that has gone from OTC to AMEX to NYSE. They have 27 consecutive quarters of growth. Revenue up 89% yr/yr. Income up 100% yr/yr. Guidance increase 4th consecutive quarter. Full year guidance up nearly 10% from previously announced. They are now targeting a younger age group of women 30-45 vs. previously 45-65. This will cost them about $25 more for each new customer but 15,000 physicians now are prescribing their diet plan . They plan on 25 weight loss centers to be opened by years end. Stock price has tumbled from 21 to 12 in last few months.
---------billyjoe
Medifast may be a legit company after all. They are executing their business plan. Are one of the rarest of companies that has gone from OTC to AMEX to NYSE. They have 27 consecutive quarters of growth. Revenue up 89% yr/yr. Income up 100% yr/yr. Guidance increase 4th consecutive quarter. Full year guidance up nearly 10% from previously announced. They are now targeting a younger age group of women 30-45 vs. previously 45-65. This will cost them about $25 more for each new customer but 15,000 physicians now are prescribing their diet plan . They plan on 25 weight loss centers to be opened by years end. Stock price has tumbled from 21 to 12 in last few months.
---------billyjoe
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