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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 red boxes and arrows to visually connect the pre-acquisition inventory value to the post-acquisition step-up.",
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      "kind": "callout",
      "text": "In August 2018, Stryker announced the acquisition of K2M Group... Stryker ignored the $45.5m inventory allowance last required by K2M Group and assumed its finished goods of $130.8m reflected fair value.",
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      "text": "In effect, Stryker ignored the $45.5m inventory allowance last required by K2M Group and assumed its finished goods of $130.8m reflected fair value.",
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      "text": "inventory valuation: $131m",
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      "text": "Source 2018 10-K and revised to $131m in Q2 2019 10-Q",
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      "text": "K2M Group Holdings Inventory Pre-Acquisition tables",
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