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Direct seller Medifast (MED -4%) trades down after its Q3 misses the mark. Revenue from its...
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Friday, November 4, 2011, 10:53 AM ETDirect seller Medifast (MED -4%) trades down after its Q3 misses the mark. Revenue from its direct selling channel increased 6% Y/Y, as its bottom line suffered from higher training costs and a lower average revenue per health coach per month. Separately, Northland Securities and Janney Capital downgrade the stock on the poor results.
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