medifast diet plan-Medifast diet (med) and Medicare link
July 28, 2004 — I’ve been watching this stock for a little while now. I saw it drop down below $4.00 after news that its annual earnings projections wouldn’t be met and I’ll give it my best shot to share my thoughts about this company at its current price.
As with any stock near its annual low, it’s always fun to envision that company returning back to its annual high. In this case, the 52-week high of $18.75 is substantially higher than today’s closing price, making for an interesting situation as $18.75 is over 5 times higher than the stock’s current price.
I’ve done some research and went back to see what drove this stock up to $18.75 and why. I did this mostly through old news releases and message board posts just to get a general feel for investor sentiment at the time and to see what, if anything, had materially changed about the situation of the company.
Here are my thoughts. The market was doing well, this is a low float stock, and optimism about a company with a growing product drove this stock to new highs. The fact that MED traded above the $10 range for a matter of several months shows that the company had staying power in that range. It seems that the general optimism in the market at the time, positive exposure for this company (this stock was mentioned in IBD and I also came across a positive article on thestreet.com), growing sales, and a general trend in today’s society for weight-loss and well-being are all factors that drove this stock to its previous highs. There may have also been a possible short covering situation as many who’d bet against this stock reaching such highs were either forced or scared into covering.
In hindsight, it seems that investors jumped the gun on this stock, which led to a correction. Here we are in the $3.50 range, way off the highs of last winter and considerably lower than the $5-10 range the stock has traded at for quite some time before this.
With the Medicare announcement Medifast is staged to make a 10 to 15 dollare recovery this fall.
Anonymous
The Medifast Diet Plan - Associated Content
May 21, 2007 … Check out The Medifast Diet Plan - Submitted by bb42 at Associated Content.
www.associatedcontent.com
Reviews for Medifast
Recommended by physicians for the last 25 years, Medifast has become a popular diet plan today. It is a portion-controlled, low-fat program designed for …
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Medifast Diet Plan - Healthy Diet, Diet Plan for Weight Loss
Medifast diet plan is a fast weight loss plan using meal replacements and real food. It is a 5 and 1 plan which is made up of 5 meal replacements per day. …
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Medifast Diet 5 & 1 Meal Plan Review | Free Medifast VIP offer …
About Medifast Diet Medifast is a complete and safe diet program that helps to lose up to 20 pounds a month. Medifast does everything for you ie, grocery.
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The Medifast Plan | A Healthy, Low Calorie Diet that Gives You …
The Medifast plan is a healthy, low calorie diet that gives you quick weight loss. With the Medifast 5 & 1 Plan, you don’t have to count carbs, …
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The Medifast Diet Plan - MedifastGuide.com
Independent guide to the Medifast Diet Plan. … Since its launch in 1981 the Medifast Diet Plan has seen staggering growth in popularity throughout the …
www.medifastguide.com
