{
  "docId": "019dd923-622c-750b-8b99-38d956541145",
  "docSlug": "a8618aad4c6b",
  "documentTitle": "Stryker Corp. (SYK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-04-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 120,
  "pageCount": 195,
  "prevPage": 119,
  "nextPage": 121,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "The slide uses a dialogue format to highlight the shift in business model from capital-intensive sales to 'razor-and-blade' style implant-linked distribution.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "comparison_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-38d956541145/120",
  "deckHref": "/decks/019dd923-622c-750b-8b99-38d956541145",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-38d956541145.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-38d956541145#slide-120",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "A recent Tegus interview conducted Oct 4, 2021 of both a former Zimmer Biomet and Stryker employee confirms that the market has shifted towards giving away the robots for free or reduced cost in exchange for implant minimums.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b2-736e-8e54-5ceb060a78c4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.94,
        "x": 0.03,
        "y": 0.17
      },
      "kind": "paragraph",
      "text": "A recent Tegus interview conducted Oct 4, 2021 of both a former Zimmer Biomet and Stryker employee confirms that the market has shifted towards giving away the robots for free or reduced cost in exchange for implant minimums.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7660d293-880e-483f-ace2-bd92a04727fa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Well, let's step back. If you're familiar with the Mako robot that Stryker had. When Stryker brought that robot out, and I happened to be at Stryker at the time. The plan was garnish these implants by requiring these doctors to do a minimum of 400 implants in order to get a free machine. And they were taking that model out everywhere. — Former Zimmer / Stryker Employee",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-25b2-736e-8e54-63d4d33b0b23",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.4,
        "x": 0.03,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Tegus Interview, Former Zimmer Biomet Enterprise Solutions, Oct 4, 2021",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a5e8a077-d7f0-4172-9a0e-466c7a19bb62",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.94,
        "x": 0.03,
        "y": 0.29
      },
      "kind": "table",
      "text": "Dialogue between Tegus interviewer and former employee regarding ROSA and Mako robot pricing strategies.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2c8faa24-02f9-4a26-9609-7bc634e8bc88",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.28,
        "y": 0.03
      },
      "kind": "title",
      "text": "Tegus Interview: Corroborates Some of Spruce Point Findings",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac797e47-9306-4338-be94-33a0cbb7539f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "980129fa-0086-482f-b1bd-9a34dbb2ff41",
      "evidence": "The slide uses expert testimony to expose a discrepancy between public pricing expectations and actual market practice.",
      "confidence": 0.85
    }
  ],
  "arcBeats": [
    {
      "to": 195,
      "from": 61,
      "beatId": "85f871f2-b4a8-4a0d-ac09-177a661eed97",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Resolution",
      "beatSlug": "resolution",
      "evidence": "The document concludes with a clear call to action, urging investors to reconsider their position on Stryker's stock.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}