As CEO of Medifast, Michael McDevitt has made the weight management company one of the fastest growing small businesses in the U.S.
On Monday's "Fast Money," he spoke with CNBC's Melissa Lee about his outlook for the company , its stock and the dietary products business in general.
Watch the video to see the full interview.
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Trader disclosure: On December 20, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Zachary Karabell Owns (AAPL), (GOOG), (IBM), (GS), (C), (CSCO), (FCX), (RIMM), (FXI), (GE) and (BRCM). Jon Najarian owns (IBM), is short (IBM) calls. Jon Najarian owns (GS), is short (GS) calls. Jon Najarian owns (JPM), is short (JPM) calls. Jon Najarian owns (CME), is short (CME) calls. Jon Najarian owns (CBOE), is short (CBOE) calls. Jon Najarian owns (V), is short (V) calls. Jon Najarian owns (PCX), is short (PCX) calls. Jon Najarian owns (MEE), is short (MEE) calls. Jon Najarian owns (CHK), is short (CHK) calls. Jon Najarian owns (FCX), is short (FCX) calls. Steve Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MHY). (NDAQ), (PFE), (PRST) and (S).
GE is the parent company of CNBC
NBC Universal is the parent company of CNBC
Checking Gartman and Tilson SOT's for disclosures
BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (AKAM)
Accounts Managed By Kanundrum Capital Own (JEF)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (SWC)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Own (CLF)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Are Short The Yen
Accounts Managed By Kanundrum Capital Are Short The Euro
ZACHARY KARABELL
River Twice Capital Owns (CSCO)
River Twice Capital Owns (GS)
River Twice Capital Owns (MSFT)
River Twice Capital Owns (MA)
River Twice Capital Owns (FDX)
River Twice Capital Is Short (SMH)
River Twice Capital Is Short (SPY)
River Twice Capital Is Short (QQQQ)
River Twice Capital Is Short (XLF)
STEVE GRASSO
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (AMGN)
Stuart Frankel & Co and its partners own (BP)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GE)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HPQ)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (OPEN)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (TLM)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UNM)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)
ALEX HAMILTON
Hamilton has no disclosures.
CHRIS BRENDLER
Stifel, Nicolaus & Co. Is A Market Maker In (ADS), (CBOE), (AXP), (DFS), (NYX), (V), (CME), (CIT), (MA), (ICE), (COF), (NDAQ)
Stifel, Nicolaus & Co. Expects To Recive/Seek Investment Banking Compensation From (ADS), (NDAQ) In Next 3 Months
WHITNEY TILSON SOT
Funds Managed By Whitney Tilson Were Short (NFLX) On 10/29/10
DENNIS GARTMAN SOT
There were no disclosures on 12/1/2010
CNBC.com with fires
