Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

CIBC World Cuts PolyMedica to 'Hold'

CIBC World downgraded PolyMedica Corp. (PLMD) to hold from strong buy.

Analyst John Calcagnini says the company's been under investigation by the FBI since June 1999, and he notes a Barron's article on August 5 that stated the FBI delivered grand jury subpoenas in late July to several people close to PolyMedica, with a federal grand jury looking into possible Medicare and investor fraud. He says the company acknowledged in a press release that it has recieved additional requests for documentation from the government and SEC, and sees increased possibility of criminal and/or civil action.

Calcagnini recommends investors wait for further clarity and resolution of any investigation before reconsidering investment in this company.

blog comments powered by Disqus