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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-04-06 00:00:00",
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      "text": "Evidence shows that sell-side analysts heavily promoted Stryker's acquisition of Mobius and Cardan Robotics, issuing glowing reports about how Cardan \"significantly bolsters\" its robotics expertise and made a \"differentiated bet\" in the space.",
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      "text": "Evidence shows that sell-side analysts heavily promoted Stryker's acquisition of Mobius and Cardan Robotics, issuing glowing reports about how Cardan \"significantly bolsters\" its robotics expertise and made a \"differentiated bet\" in the space. However, based on our conversation with a former employee knowledgeable about the business, we learned it was merely a \"concept.\" Cardan's website also had little information. A year later, when asked about the likelihood of Cardan's availability in 2021, the CEO passed on responding.",
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      "kind": "quote",
      "text": "\"The transaction would have been just another [Stryker] tuck-in but we believe the transaction has broader implications for [Stryker] and its plans in spinal robotics.\" — Analyst Zimmerman, BTIG. \"Cardon robotics. So that the elements they were gonna do robotics within that there's, you know, it was a bit of a concept when we acquired it.\" — Former Stryker Professional Familiar With Cardan. \"I can't predict that. Robotics is very difficult to predict, David. I'm just going to take a pass on that.\" — CEO Lobe In Response To Cardan Availability by NAS 21.",
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      "kind": "source-note",
      "text": "Source: \"Latest Stryker deal is more than \"just another tuck-in acquisition,\" MedCity News, Sept 2019",
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      "text": "Source: MS Conf, Sept 2020",
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      "text": "Source: Wayback Machine Cardan Robotics",
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      "text": "Comparison of Sell-Side Promotion vs. Former Insider View and Website Reality",
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      "kind": "title",
      "text": "Cardan Robotics Hype vs. Reality",
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