{
  "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": 156,
  "pageCount": 195,
  "prevPage": 155,
  "nextPage": 157,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a 'before-after' or 'contradiction' framing to show management obfuscation.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "data_table",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-38d956541145/156",
  "deckHref": "/decks/019dd923-622c-750b-8b99-38d956541145",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-38d956541145.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-38d956541145#slide-156",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Yet, when asked simple questions about the plan for OrthoSensor, Stryker management dodges direct responses and acts as if OrthoSensor is too new to the organization to comment on.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-25b2-736e-8e57-1ed1c68bfc73",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.86,
        "x": 0.07,
        "y": 0.16
      },
      "kind": "paragraph",
      "text": "Stryker was the first strategic alliance announced by OrthoSensor dating back to 2011... Stryker management dodges direct responses and acts as if OrthoSensor is too new to the organization to comment on.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44ce3d71-57cd-4b55-8a5b-c8be6ff2350f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.86,
        "x": 0.07,
        "y": 0.43
      },
      "kind": "quote",
      "text": "Oppenheimer Analyst: Can you just remind us what you plan on doing with the intraoperative, the VERASENSE capability? ... IR Wells Q4 2020: So on OrthoSensor, obviously, it's new under the belt here a few weeks.",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "260bf969-6de8-4545-94fa-73e13349784d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.86,
        "x": 0.07,
        "y": 0.72
      },
      "kind": "quote",
      "text": "Oppenheimer Analyst: Any updated thoughts on a smart implant coming from that acquisition? ... CEO Lobo Q2 2021: Nothing new to report at this point. I mean, obviously, it's still fairly new in terms of the acquisition.",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "83402f97-bdb5-41ea-85a0-671acc709a75",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Thanks for the question. So on OrthoSensor, obviously, it's new under the belt here a few weeks. And so it's not something that we have fully developed all of the various plans in terms of how we're going to market for any of the products at this point in time. — IR Wells, Q4 2020 Conf Call; Nothing new to report at this point. I mean, obviously, it's still fairly new in terms of the acquisition into the organization. — CEO Lobo, Q2 2021 Conf Call",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-25b2-736e-8e57-22b2632cbf49",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.07,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "1) Mr. Leach (R&D) and Mr. Trousdale (Legal)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5604f411-7bea-4a5e-a773-2d6710bd1152",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.86,
        "x": 0.07,
        "y": 0.3
      },
      "kind": "table",
      "text": "Stryker An OrthoSensor Partner Since 2011: August 17, 2011 (Stryker Orthopaedics Enters Into Agreement), May 22, 2013 (Stryker Extends Co-Marketing Agreement)",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a84ff389-5dae-4aa7-b5f8-b936c38b818e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.68,
        "x": 0.28,
        "y": 0.03
      },
      "kind": "title",
      "text": "Why Does Stryker Dodge Answering Questions About A Company It Has Known For A Decade?",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a3911fe4-7b00-4656-b45d-54a36bfb00fd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "8b724dc2-0189-4733-9614-a84e02f3831e",
      "evidence": "Contrasts long-term history with management's 'new' claim",
      "confidence": 0.95
    }
  ],
  "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
}