Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Too Many Questions To Get Comfortable With PhotoMedex

Sometimes you go into researching a company expecting to find one thing, and you come out with a completely different idea of a company. When I first started digging into PhotoMedex (NASDAQ:PHMD) a few months ago, I thought I was going to be looking at a company that was something like DUSA Pharmaceuticals (acquired by Sun Pharmaceuticals back in December of 2012), Cynosure (CYNO) or Solta Medical (NASDAQ:SLTM).

Instead of finding a dermatology med-tech company, I feel that PhotoMedex is more of a consumer products company with a small medical business attached. What's more, digging around turned up some concerns with customer service/satisfaction and evidence that this is a company eager to get its...

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