Stocklemon Updates Medifast (AMEX:MED) – (NYSE:MED)
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We have to give credit where credit is due.
On June 22, 2006, Stocklemon put out a report on Medifast while the stock was trading at $21.00. In the past two months the stock has been cut in half. Stocklemon believes that the stock has overreacted to recent earnings and might be one company that is going to become lemonade to investors who invest at low prices.
First and foremost we have to commend MED on being the first company we have seen that has risen the ranks from OTC to Amex, to NYSE, as they ring the bell of the NYSE on Friday morning.