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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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  "notes": "Uses a 'CEO vs. Insider' comparison to highlight potential management deception or failure.",
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      "text": "Our research suggests that Mobius has been a disappointment, and had significant challenges ramping challenges. This supports our concern as to why Stryker made milestone payments when clear problems existed.",
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      "text": "Our research suggests that Mobius has been a disappointment, and had significant challenges ramping up. This supports our concern as to why Stryker made milestone payments when clear problems existed.",
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      "text": "Mobius was like over $200 million, you have to be pretty optimistic with what you think your revenues are going to be. And so that sells the deal... you're not hitting what you projected.",
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      "text": "So we're actually trying to ramp our capacity of Mobius, which is, as you know, a mobile CT scan and really the only one in the market that's mobile.",
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      "kind": "quote",
      "text": "Listen, we're thrilled with the Mobius acquisition. We bought a terrific technology. Our biggest challenge, honestly, has been scaling up the manufacturing.",
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      "kind": "quote",
      "text": "Enabling technologies to us, we're big believers that this is going to be important for the future. We're very excited about Mobius.",
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      "text": "\"Enabling technologies to us, we're big believers that this is going to be important for the future. We're very excited about Mobius. That - we launched that at our sales meeting, and we're very excited about the potential of that being part of the enabling solution portfolio.\" — CEO Lobo, FY 2019 Conf Call, Jan 2020; \"So we're actually trying to ramp our capacity of Mobius, which is, as you know, a mobile CT scan and really the only one in the market that's mobile, and they're using it for coronavirus. So we're actually ramping that capacity.\" — CEO Lobo, Q1 2020 Conf Call, April 2020; \"Listen, we're thrilled with the Mobius acquisition. We bought a terrific technology. Our biggest challenge, honestly, has been scaling up the manufacturing. So we've had very, very high demand for Mobius. It was a small company based in Shirley, Massachusetts, and we're just -- large challenges really scale up. And it's the same challenge we've had, frankly, with TSO3, which is the sterilizing company that we've bought.\" — CEO Lobo, Q3 2020 Conf Call, October 2020; \"Mobius was like over $200 million, you have to be pretty optimistic with what you think your revenues are going to be. And so that sells the deal and the price you want to pay for it, and gets you approval for the funds. And that's why I was telling you, it's a bit of a slight game internally in order to get the funds... We didn't realize how long training time and how manual the process this was, and supply chain and the parts, some of the lead times were almost a year to get components of this very highly electronic, specific parts for this.\" — Former M&A Professional on Mobius, Spruce Point Interview.",
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      "kind": "title",
      "text": "Mobius And Cardan Robotics (Continued)",
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