Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: pilapir who wrote (9097)	2/6/2002 8:38:38 AM
From: Sir Auric Goldfinger	Read Replies (1) of 19428

DJ Medi-Hut Co./Stk Price -2: Shrs Fell 31% Tuesday >MHUT Page 1/1 LAKEWOOD, N.J. (Dow Jones)--Medi-Hut Co. (MHUT) said it will respond to an unfavorable New York Post article about the company "in a timely manner." In a press release Tuesday, the company said it is "saddened"(yeah? why were insiders selling like scalded banshees LAST WEEK?) by the recent decline in its stock price. Medi-Hut said it expects "increased revenue and better profitability over this fiscal year" and said the company's business is "uninterrupted and growing rapidly." Shares of Medi-Hut, a maker of private-label insulin syringes, condoms and other health-care products, fell $1.02, or 31%, to $2.27 after Monday's 51% plunge. The stock came under pressure after a Post columnist raised questions about the company's accounting practices. The company said the article "contains many inaccuracies and innuendos." On Friday, the company said first quarter sales would meet or exceed prior guidance of $10 million to $12 million, and projected it would meet its $60 million revenue target for the year ending Oct. 31. Company Web site: medihutonline.com

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