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 (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 (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 message out to investors. While I suppose the valuation is
not that demanding given the recent trends in reported growth, I just
can't get comfortable enough with the company to find the stock
appealing today.
Continue here to read the full article:
Too Many Questions To Get Comfortable With PhotoMedex
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