Asensio & Company, Inc. issues two new reports on PolyMedica Corporation.

Today August 13, 2002, Asensio & Company, Inc. released two new equity research reports titled “PolyMedica’s ‘hidden’ losses surpass $55 million. Medicare moves to cut payments.” and “Why did Mr. Lee leave without notice?” The reports, which are part of Asensio & Company’s ongoing equity research coverage of PolyMedica Corporation (NASDAQ: PLMD, $27.41), are available at www.asensio.com. The reports were issued in response to PolyMedica’s first quarter financial results reported on July 25, 2002 and the August 5, 2002 announcement of PolyMedica CEO Steven Lee’s retirement.

The reports contain an update of Asensio & Company’s financial analysis of PolyMedica’s reported results and give a summary of the facts and an opinion about Mr. Lee’s retirement. The report also includes an update of the Department of Health and Human Services’ effort to cut the rates Medicare currently pays suppliers of blood glucose test strips.

Asensio & Company, Inc. believes PolyMedica’s results are not sustainable and that its stock is grossly overvalued. Our reports on PolyMedica are available at www.asensio.com.

Posted in PolyMedica Corporation

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about asensio.com's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss asensio.com's work and its unique legacy. asensio.com also strives to maintain a complete record of articles dealing with the companies that are the subject of asensio.com research.
Investment Record
Click here to view a list of the companies that have been subjects of asensio.com reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.