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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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      "kind": "callout",
      "text": "Despite the CEO claiming in late 2018 and in 2021 that the story would change dramatically for Stryker’s spine business, the numbers tell a different story. In the two year time span from 2019 – 2021, Spine sales rose just 0.9%, or 0.4% per annum.",
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      "kind": "callout",
      "text": "Despite the CEO claiming in late 2018 and in 2021 that the story would change dramatically for Stryker’s spine business, the numbers tell a different story.",
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      "text": "0.9% Total Growth In Two Years",
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      "text": "Spine sales growth: 0.9%",
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      "kind": "quote",
      "text": "And then thinking about Spine, we expect to continue to post growth in that space... we do think that we have good confidence in our performance in the quarters to come and well into '22 and beyond.",
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      "kind": "quote",
      "text": "So in terms of underlying growth, I mean, we don't break out guidance in terms of as we think about spine. But we do expect that market and that business to continue to accelerate as the recovery happens in the back half of the year",
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      "text": "\"And then thinking about Spine, we expect to continue to post growth in that space. And we think some of the enabling technology investments we’ve made will continue to pay dividends and on top of, obviously, the K2M acquisition, which has opened up more of the portfolio for new product developments, we do think that we have good confidence in our performance in the quarters to come and well into '22 and beyond.\" — Spencer Stiles, Group President Ortho and Spine, BofA Conf, May 11, 2021; \"So in terms of underlying growth, I mean, we don’t break out guidance in terms of as we think about spine. But we do expect that market and that business to continue to accelerate as the recovery happens in the back half of the year\" — CEO Lobo, Q2 2021 Conf Call.",
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      "text": "Stryker’s Spine Reporting Year over Year table showing 2019-2021 sales and growth percentages.",
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      "text": "We Believe The Results In Spine Post-K2M Are Disappointing",
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