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Medifast Inc (MED) [hlAlert]

Rating:
Hold MED

Medifast Inc (MED) rated Hold with price target $4.50 by Canaccord Adams

Posted on: Monday,  Mar 17, 2008  11:25 AM ET by Canaccord Adams

Medifast (MED) rated Hold
with price target $4.50 by Canaccord Adams.

Medifast, Inc. (Medifast) is engaged in the production, distribution, and sale of weight management and disease management products and other consumable health and diet products. The Company?s product lines include weight and disease management, meal replacement, and vitamins primarily manufactured in its modern, the United States Food and Drug Administration (FDA) approved facility in Owings Mills, Maryland. The Company?s operations are primarily conducted through five of its wholly owned subsidiaries, Jason Pharmaceuticals, Inc. (Jason), Take Shape for Life, Inc. (TSF), Jason Enterprises, Inc., Jason Properties, LLC and Seven Crondall, LLC. The Company offers a variety of weight and disease management products under the Medifast brand and for select private label customers. It's distribution channels include Medifast Direct, Take Shape for Life, Medifast Weight Control Centers and Medifast Physicians.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/17/2008 11:25 AM Hold
None
3.99 4.50
as of 12/24/2008
1 Week up  7.08 %
1 Month up  28.60 %
3 Months down  -21.27 %
1 YTD up  43.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/9/2007 1:25 PM Hold
None
4.47 5.00

(*) Stock Price at the time of the recommendation.
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