tag:blogger.com,1999:blog-12897315.post4445194300348194406..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: Couldn't Happen to Nicer PeopleDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12897315.post-86173895000376885122013-09-11T09:16:46.391-05:002013-09-11T09:16:46.391-05:00I fucked Pat Stryker in the ass. I love giving li...I fucked Pat Stryker in the ass. I love giving literal governmemt interpretations to people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-1528980048134549142013-09-11T07:05:27.252-05:002013-09-11T07:05:27.252-05:00Couldn't have been much of a "reduction&q...Couldn't have been much of a "reduction" in electives, as revenues have gone straight up since 2008. See:<br /><br />http://www.marketwatch.com/investing/stock/SYK/financials<br /><br />...and COGS has remained at approx. the same % of revenue throughout.<br /><br />Hmmm.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-47607773463066609672013-09-10T22:28:53.329-05:002013-09-10T22:28:53.329-05:00You might be interested in the Stryker press relea...You might be interested in the Stryker <a href="http://www.theflyonthewall.com/permalinks/entry.php/SYKid1528226/SYK-Stryker-announces--global-workforce-reduction" rel="nofollow">press release</a> from November 2011:<br /><br />"Stryker announces 5% global workforce reduction<br />Stryker announced its intention to implement focused workforce reductions of approximately 5% of its global workforce and other restructuring activities that are anticipated to reduce annual pre-tax operating costs by over $100M beginning in 2013. The targeted reductions and other restructuring activities are being initiated to provide efficiencies and realign resources in advance of the new Medical Device Excise Tax scheduled to begin in 2013, <b>as well as to allow for continued investment in strategic areas</b> and drive growth <b>despite the ongoing challenging economic environment and market slowdown in elective procedures</b>. The reductions and <b>restructuring activities are expected to be substantially complete by the end of 2012</b>. Stryker will provide employees affected by these reductions with severance packages, counseling and job placement services. The Company expects to record pre-tax restructuring charges related to these reductions and restructuring activities totaling approximately $150M-$175M, of which approximately $85M-$95M are expected to be recorded in the fourth quarter." [Emphasis added]<br /><br />Note that the reductions were due to strategic investments, creating efficiencies, the slow economy, and the slowdown in elective procedures as well as the tax.Anonymousnoreply@blogger.com