{ "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": 188, "pageCount": 195, "prevPage": 187, "nextPage": 189, "slideType": "quote_slide", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a Q&A format to present expert testimony.", "elementsJson": [ "headline_text", "quote_block" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b99-38d956541145/188", "deckHref": "/decks/019dd923-622c-750b-8b99-38d956541145", "deckJsonHref": "/decks/019dd923-622c-750b-8b99-38d956541145.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-38d956541145#slide-188", "components": [ { "bbox": null, "kind": "callout", "text": "With supply chain, I would say the fact that certain components and parts are delayed, and the costs have increased. I think that's gonna have an impact on Stryker. Also if they do not consolidate their facilities and redundancies, it's gonna be a heavy cost for going forward as they continue to grow and acquire.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-25b2-736e-8e59-c9db1de8745a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.1, "x": 0.035, "y": 0.2 }, "kind": "other", "text": "Spruce Point Question", "attrs": null, "subkind": "unclassified", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3b70c890-5560-482c-81c1-a13cdb07cd30", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.12, "x": 0.025, "y": 0.41 }, "kind": "other", "text": "Former Stryker M&A Professional", "attrs": null, "subkind": "unclassified", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "754da616-b2d0-4ec5-b3d3-286f5870a7d6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.83, "x": 0.155, "y": 0.225 }, "kind": "paragraph", "text": "What do you think the biggest unappreciated risk is with respect to Stryker?", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "108e3448-e550-48ca-a59f-91615ea64c35", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.83, "x": 0.155, "y": 0.37 }, "kind": "quote", "text": "Supply chain and lead times for products as well. With COVID and procedures being canceled, I think COVID is gonna work itself out, but I mean, we said that it's gonna be a year and now we're going on year three. Right. Then hospitals due to, kind of the rates of people in space they've canceled; procedures that they don't deem as essential procedures. Okay. Which would include things like knee replacement or certain back surgeries. So that has had a significant impact. With supply chain, I would say the fact that certain components and parts are delayed, and the costs have increased. I think that's gonna have an impact on Stryker. Also if they do not consolidate their facilities and redundancies, it's gonna be a heavy cost for going forward as they continue to grow and acquire.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0d90ce7a-117a-4801-b5be-23a7a2141596", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"Supply chain and lead times for products as well. With COVID and procedures being canceled, I think COVID is gonna work itself out, but I mean, we said that it's gonna be a year and now we're going on year three. Right. Then hospitals due to, kind of the rates of people in space they've canceled; procedures that they don't deem as essential procedures. Okay. Which would include things like knee replacement or certain back surgeries. So that has had a significant impact. With supply chain, I would say the fact that certain components and parts are delayed, and the costs have increased. I think that's gonna have an impact on Stryker. Also if they do not consolidate their facilities and redundancies, it's gonna be a heavy cost for going forward as they continue to grow and acquire.\" — Former Stryker M&A Professional", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-25b2-736e-8e59-cea81f7f4a0d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.43, "x": 0.305, "y": 0.06 }, "kind": "title", "text": "More Insights Into Supply Chain", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9774c343-5a8f-48b0-904d-09f81d83d65c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "ceo-quote-contradiction", "slug": null, "matchId": "fb6b243b-c910-4aba-909f-f617022deb4a", "evidence": "Uses expert testimony to highlight operational risks and potential contradictions in company performance narratives.", "confidence": 0.85 } ], "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 }