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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-04-06 00:00:00",
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      "text": "In Stryker's discussion of its valuation of Wright's assets, it doesn't draw attention to inventory and claims no material adjustments were made to the final valuation. However, the inventory valuation changed five times (revised up, down, up) and was settled at a value 82% higher than Wright's final valuation as a public company. We believe this is material and needs further explanation by Stryker.",
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      "text": "In Stryker's discussion of its valuation of Wright's assets, it doesn't draw attention to inventory and claims no material adjustments were made to the final valuation.",
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      "text": "Inventory Valuation: 82%",
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      "text": "Purchase price allocations for 2021 acquisitions were based on preliminary valuations, primarily related to intangible assets, product liabilities and deferred income taxes. Our estimates and assumptions are subject to change within the measurement period. The purchase price allocations for Wright, OrthoSensor and other 2020 acquisitions were finalized in 2021 without material adjustments.",
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      "text": "Purchase price allocations for Wright and other acquisitions were based on preliminary valuations, primarily related to intangible assets, product liabilities and deferred income taxes. Our estimates and assumptions are subject to change within the measurement period.",
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      "text": "Purchase price allocations for 2021 acquisitions were based on preliminary valuations, primarily related to intangible assets, product liabilities and deferred income taxes. Our estimates and assumptions are subject to change within the measurement period. The purchase price allocations for Wright, OrthoSensor and other 2020 acquisitions were finalized in 2021 without material adjustments. — Stryker 2021 10-K",
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      "text": "Five Revisions To Wright's Inventory Valuation table showing dates and dollar amounts.",
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      "kind": "title",
      "text": "Wright Medical: Repeated And Unusual Revisions To Its Inventory Valuation",
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