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  "documentTitle": "Stryker Corp. (SYK)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2022-04-06 00:00:00",
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  "notes": "The chart highlights a specific period of stagnation with a red bracket and callout box.",
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      "kind": "callout",
      "text": "Spruce Point believes the ultimate evidence that Stryker is struggling is by observing that its 12 month trailing Operating and Free Cash Flow has not been growing for a year.",
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      "text": "Trailing 12 Months Operating + Free Cash Flow Is Stalling",
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      "text": "Trailing 12 Months Operating + Free Cash Flow",
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      "kind": "source-note",
      "text": "Source: Stryker Financials. Top Line LTM Operating Cash Flow. Bottom Line LTM Operating Cash Flow Less Capex And Cash Payments For Taxes From Withheld Shares To Employees. Note: Removes $100m legal gain in Q4 2019",
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      "text": "Cash Flow Is Struggling To Grow",
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