What Next For MiMedx Group Inc (MDXG), Resolute Energy Corp (REN), And Armco Metals Holdings Inc (AMCO)?

Posted by Ryan Mandell January 5, 2015 0 Comment 866 views

New York, NY – GDP INSIDER  – 01/05/2014.

MiMedx Group Inc (NASDAQ:MDXG) has confirmed that it received a subpoena from the U.S. Department of Health and Human Sciences. The subpoena is linked to the company’s marketing activities. However, according to CEO, Parker H. Petit, they are currently not aware of an issue that could motivate the investigation. Nonetheless, they seek to cooperate fully with regards to the subpoena.

Meanwhile, the company has also taken aim at its business competitor known as Organogenesis. It filed a lawsuit against the competitor as it claimed business interference. MiMedx Group Inc (NASDAQ:MDXG) charges that Organogenesis misinformed the Veteran Administration regarding its products. As such, its saw its products being temporary removed from the supply schedule of the Veteran Administration in 2013.

Although the subpoena issue creates an overhang, analyst Mike Matson of Needham said the dip in MiMedx Group Inc (NASDAQ:MDXG) creates a buying opportunity. The analyst issued a “Buy” rating on the stock and set $13 target price on it.

Is MDXG Going To Turn It Around Or Will It Continue To Freefall? See Where MDXG Is Going Next With A Free Trend Analysis

Resolute Energy Corp (NYSE:REN) said that its second lien term loan puts it in a safe position to deal with the current low price environment in the oil and gas market. The company landed $150 million second lien loan deal that significantly improves its financial flexibility.

Under the latest loan agreement, Resolute Energy Corp (NYSE:REN) also gained permission to issue another second-lien debt of up to $200 million. Most of the $150 million loan secured will go into paying down of certain outstanding debt.

Is REN Going To Continue To Move Higher Or Are Things About To Turn Around? See What’s In Store For REN With A Free Trend Report.

Armco Metals Holdings Inc (NYSE:AMCO)’s motivation to diversify into the business of woodchip is that the company sees an opportunity to reduce volatility. Additionally, the company expects to move to provide it with healthy gross margins.

According to the management, there is a huge business opportunity for woodchip in China, and diversifying into the space is a move to enhance shareholder value. Armco Metals Holdings Inc (NYSE:AMCO) disclosed a woodchip supply agreement with a Chilean supply.

Armco Metals Holdings Inc (NYSE:AMCO) generated revenue of $32.2 million in 3Q, better than $20.5 million in the like quarter a year earlier. The company earned $0.09 per share, better than a loss of $0.14 last year.

Will AMCO Continue To Drift Lower Or Will It Be Able To Find Support And Reverse? See What’s In Store For AMCO With A Free Trend Report

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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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