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  "authorName": "Ben Axler",
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      "text": "Spruce Point believes Stryker's industry premium multiple should compress to account for the following six factors.",
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      "text": "One bad thing about Stryker - a long term assessment - this is the issue. You need enough people that understand all of this. Stryker's executive team has no one from R&D at the table. Internal innovation has not delivered a huge amount of value. Taking something internal and taking it to the market, that's not Stryker's strength. In our view, innovative companies deserve a premium multiple, while those that can't innovate and are dependent on inorganic growth do not deserve a premium — Former senior Stryker employee",
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