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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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      "text": "Spruce Point interviewed a former Stryker M&A professional who provided some startling insights about Stryker having been burned before by acquiring overstated inventory and performing limited due diligence.",
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      "text": "\"Do you have a view on why Stryker consistently writes-up of inventory during its acquisitions? We've noticed multiple large revisions on the Wright transaction.\" — Spruce Point Question; \"I'm not exactly sure why they wrote it up on the Wright acquisition, but I've seen in some other acquisitions that I've done with them. Inventory is given a certain number, but once we got in there and actually looked at what existed, inventory is super hard to track... And we've been burned before significantly about that, where we assumed certain inventory existed, that didn't exist and we overpaid and we get there and you know, it was a fraction of what we assumed.\" — Former Stryker M&A Professional",
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