With a timeline that goes back to 2003, you should not be surprised.
There are lot of stories out there that have a lasting effect on peoples lives.
I am not sure I am following this thread... The IPO is over. This company is publicly traded. That is how we have shares. If you are looking for status of a bigger exchange, the $1.00 point is the ticket.
strc appears one creditor's phone call from being bankrupt. balance sheet is upside down.
I would not speculate on any significant upside in a take over. With consistent operating losses, and an debt to equity ratio a mess, it is likely a buyer would be waiting for the fire sale.
He spent several years with Stryker in operations with reasonable success. When promoted to president in the Ortho division, he lasted barely a year. Curious that Zmh thinks he can do better now. I am not sure of the needs in that division at this time. If they are looking for operational efficiency, they did well. If they are looking to grow sales, ???
podes is on with the comment. Be patient and monitor sales. If the slope is too shallow by q2 2010, I may bail. But not before 2q results.
Syk could exit pain pump market and you would not notice. I can only speculate about law suits, but consider it is the medication, not just, the pump that has caused the adverse effects. There are Docs prescribing, Drug manufacturers who have approved the use in the indication, etc. All very complicated so I do not expect heavy hit from suits, and not soon.
I tend to agree with Mitee's points. My spin would be that Mac inherited a well oiled machine that he failed to maintain; not a pending train wreck.
The game has always been changing and Syk has always adapted well prior to Mac's tenure.
I have positions nearly 20 years now as well...
The explanation is simple. The volume here represents speculation on future earnings. Nutra is a research firm that has a very promising otc medication that can possibly gain share in a very very large market.
Those buying in now, are betting on that. Sometimes investing is a gamble. I am in at .45 and looking forward to q4 to see how things go. I can accept that there in no revenue history. I did not bet my house, just a small part of my portfolio.
A patient who had surgery on a shoulder is claiming further degradation of his shoulder was caused by the Stryker pain pump.
This sounds like a bit of a reach and I do not believe it will have any consequence. So ashek who asked in a posting earlier this week, I would say do not sell on that news,
Though I am not sure I would buy now either.
Careful there Logical; AVF is an exchange traded debt. The word preferred does not mean it is not a bond. It pays interest, taxable as regular income. Yes it is complicated.
when the syk was in the $70s, it was sill riding the John Brown coat tails. That coat is long gone and Mac & Co have needed to make lots of decisions on their own. I did not see any attempt to swap out experience to save on salaries. Much experience bolted over the past several years because the grass was no longer green and there was lots of experimenting going on at senior levels. Hires were made from outside that were disasters while many capable upwardly mobile were left wondering what was going on.
Short of any further surprises from Colonial, I agree. I believe this will slowly tick higher as the bank continues to deal aggressively with bad assets. I am concerned about exposure to commercial real estate. we have not seen the worst of this yet.
I still see up side here at your price. I bought considerably higher and am mildly optimistic about fully recovering my principle.
I agree, not to down play the AVF risks, but there seems to be enough cash generating assets to see continued payments. I am getting 67%, it is easier to tolerate the risk. If I bought high, I might feel different.
I also like the exchange traded debts and like many, wish I had more cash over the last 8 weeks to capitalize on the bargains. Things are relatively expensive now. Though some great yields are still to be had
I missed with colonial though. bought last fall... Can not win them all.
Mittee, I bet that felt good. you were rated a 1 for ranting.
You have been posting here for over 10 years and always bring good perspective. I agree that the current team is not up to the task. we will see how long it takes the board to deal with it.
It took less than a year to move Paulson from the ortho division. I guess Mac is more in with the crowd.
The never ending stream of regulatory action is a symptom of a problem. "The fish stinks from the head."