BNET Industries
Market Cap:$424.1M
Last Fiscal Year Sales:$83.7M
- Public
- US
Dow Jones Description
Mfg and distribution of weight and disease management products.
Chairman, CEO & CFO
Bradley T. MacDonaldNumber of Employees 290
Contact Information
11445 Cronhill Dr
Owings Mills, Maryland 21117-2220
(410) 581-8042
Peer Companies
NAICS Code All Other Miscellaneous Food Manufacturing: 311999
Recent Events
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Medifast Q3 Profit Rises; EPS Up 109%
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Latest Skinny on Diet Stocks
News & Analysis
Filter by
medifast inc. - All News and Analysis
Is Medifast Getting a Bum Rap?
David Hamilton submits: Chief executive officer Michael McDevitt claims the sales growth at Medifast MED is due to the successful execution of the company’s diverse multi-channel distribution strategy, through which Medifast brand’s value proposition “continues to be successfully communicated and accepted by its customers.” Detractors allege, however, the company’s...
Why Medifast Should Replace Its Auditors
Sam E. Antar submits: Convicted felon turned fraud fighter Barry Minkow, co-founder of Fraud Discovery Institute or FDI, issued a report citing potential independence and conflict of issue problems between Medifast Inc. (NYSE: MED) and their auditors, Bagell, Josephs, Levine & Company L.L.C. In addition, a recent Public Company...
Medifast Gaining Traction
GeoNuggets® - Quick Check List Highlighting Undiscovered OpportunitiesMedifast Inc. (NYSE:MED) by The GeoTeam
Medifast: Record Q2 Sales, Optimistic Q3
Zacks.com submits: Medifast, Inc. MED is growing quickly as diet, health and fitness programs stay hot even in a slowing economy. Revenues rose 25% in the second quarter and the company recently said third quarter financials look strong. The company has a forward P/E of 9.97. Company Description...
Stock Screen: Price Momentum + Fundamentals = Profits
Mark Barath submits: Ultimately the performance of a stock will follow the underlying fundamentals of a firm. Stocks that are rising quickly usually represent firms which are executing well and have strong profit growth. On the other hand, stocks that are falling usually represent firms that are failing to grow...
Medifast Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator [Operator Instructions] Our first question is from the line of Laura Richardson with BB&T. Laura Richardson – BB&T My big question for you guys is, the guidance for 2008 seems so different from what you reported in the fourth quarter, the revenue growth is a lot slower...
BSY, CUK, MED, NFP, OCN, BZP Have Been Removed From Naked Short List Today.
M2 PRESSWIRE-3 April 2008-BUYINS.NET: BSY, CUK, MED, NFP, OCN, BZP Have Been Removed From Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:03042008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short...
MED, MEG, MGS, OCN, PRM, TNH Have Also Been Added To Naked Short List Today.
M2 PRESSWIRE-26 March 2008-BUYINS.NET: MED, MEG, MGS, OCN, PRM, TNH Have Also Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:26032008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked...
In- Depth Research on Medifast Inc.
M2 PRESSWIRE-12 February 2007-Biotech News: In- Depth Research on Medifast IncC1994-2007 M2 COMMUNICATIONS LTD RDATE:12022007 In- Depth Research on Medifast Inc (NYSE:MED) Medifast is helping people slim down and shape up. The company develops, manufactures, and markets health and...
Medifast gains analyst attention, records major revenue gains
A Los Angeles-based investment banking firm initiated coverage on Medifast Inc. with a strong buy rating, and the Owings Mills maker of weight-loss products backed that outlook with revenue more than twice that of a year ago. This marks the first time Medifast, which trades on the American...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Michael S. McDevitt | President |
| Rick Logsdail | President, Take Shape for Life |
| Robert Hallock | General Counsel & Corp Vice President |
| Meg McDonald | HR Director |
| Wayne Andersen | Medical Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Bradley T. MacDonald | Chairman, CEO & CFO |
| Donald F. Reilly | Board of Directors |
| George Lavin | Board of Directors |
| Joseph D. Calderone | Board of Directors |
| Marty T. Travis | Board of Directors |
| Mary T. Travis | Board of Directors |
| Michael C. MacDonald | Board of Directors |
| Michael J. McDevitt | Board of Directors |
| Scott Zion | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Chairman, CEO & CFO | Current |
| Medifast, Inc. | Chairman & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | President | Current |
| Medifast, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | President, Take Shape for Life | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | General Counsel & Corp Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | HR Director | Current |
Dr. Wayne Andersen's passion for life and fascination with medicine began at an early age. As an Air Force child growing up in Spain, he placed mice under anesthesia and operated, removing their spleens and then observing how they responded to infections. In high school, living in Japan, he observed the profound effect that the low-fat Asian diet had on creating much lower levels of obesity, cancer, and heart disease, than in Western cultures. He also recognized how important family, keeping life-long friends, and a life of meaning and purpose was to these people in grounding their health and longevity. This desire for knowledge and understanding drove Dr. Andersen to become the first in his family to enter college and graduate with honors from the University of Florida with a degree in Science. Ultimately, he went to medical school at the University for the Health Sciences in Kansas City, where he was valedictorian of his graduating class. Dr. Andersen did his internship at Grandview Hospital where he was selected as the Outstanding Intern of the Year. He was to become a leading internal medicine specialist in cardiology or pulmonology, but decided instead to enter the emerging subspecialty of critical care. He insisted that to truly take care of an extremely sick person, you needed to be well-versed in all organ systems and how they relate to each other when a patient is sick as well as healthy. He trained in open heart surgery at Cleveland Clinic and then went on to train for two years at Jackson Memorial Hospital at the University of Miami, considered to be the premier training program in the country in surgical intensive care. Dr. Andersen became the tenth physician Board Certified in Critical Care and went back to the institution where he began his post graduate training, to set up the open heart program and surgical intensive care unit. It was here that Dr. Andersen developed a profound understanding of the pivotal role that nutrition plays in disease and health. For eighteen years, Dr. Andersen directed the Surgical Critical Care Program at Grandview and was Chairman of the Department of Anesthesiology. In 2000, he made a monumental decision to leave his hospital-based practice to devote his full energy to helping people to become and to stay healthy. Dr. Andersen is currently Medical Director of Medifast, Inc., an innovative leader in the production, distribution and sale of weight management and health management products marketed under the brand name Medifast. Involved with Johns Hopkins in collaborating studies to show the efficacy of meal replacements, Dr. Andersen's goal is to provide simple, convenient means for people to lose weight and maintain a healthy lifestyle. As the chief architect of Take Shape for Life, Dr. Andersen has built an integrated support system that helps people make the necessary changes in their lifestyles to create optimal health. Using a team approach of health professionals working with Certified Health Advisors, Dr. Andersen says we can provide leading edge nutritional solutions, medical support and the support of caring individuals, to provide the necessary one-on-one interaction so vital in changing peoples' lives. This Take Shape for Life physician-led health network is gathering tremendous momentum.
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Medical Director | Current |
| Dr. Wayne Andersen | Current | |
| Molecular-Research.Net | Current | |
| Life Corporation | Chief Architect | Former |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
Michael C. Mac Donald is senior vice president, operational effectiveness for Xerox Corporation. He was named to this position in September 2008 and leads the integration of Xerox Mortgage Services and Xerox Litigation Services with other units of the company. Mac Donald is a senior vice president of the corporation, appointed in July 2000. He was previously president of Xerox Marketing Operations, responsible for corporate marketing, xerox.com, advertising, brand, public relations, and corporate communications. Mac Donald joined Xerox in 1977 as a field sales representative and has held several senior positions in sales, marketing and general management. He was president, Marketing & Global Accounts from 2004 - 2007. Prior to that, he was president, North American Solutions Group, responsible for all products, services and solutions sold by the Xerox direct sales force in the United States and Canada. He has also served as that group's senior vice president of marketing and chief of staff. After receiving a bachelor's degree in political science from Rutgers University in 1975, Mac Donald attended Iona College's John C. Hagen Graduate School of Business. He completed executive business and management programs at Columbia University and Harvard in 1992 and 1998, respectively. Mac Donald is a board director of Medifast, PAETEC, and the Jimmy V Foundation.
| Organization | Position | Status |
|---|---|---|
| Xerox Corporation | Corporate Senior Vice President & President, Marketing Operations | Current |
| Paetec Holding Corp. | Director | Current |
| Restructuring and Reorganization Advisory, Private | Director | Current |
| Medifast, Inc. | Board of Directors | Current |
| Rochester Institute of Technology | Board of Directors | Current |
| PAETEC Corp. | Board of Directors | Current |
| Xerox Corporation | President, Global Accounts | Former |
| Rutgers University | bachelor of arts degree in political science | Former |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Medifast, Inc. | Board of Directors | Current |
| Bristol-Myers Squibb Company | Former | |
| Denison University | Bachelor of Arts Degree | Former |
Executive News
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Medifast, Inc. Added to the Russell 3000 Index
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