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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": "Let's look at 2019, Stryker spent $800m on acquisitions (and $200 of deal costs). Revenues were about $350m and the proxy said acquired EBIT was -$7m. From the outside looking in, this doesn't look great. What's your take?",
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      "text": "In order to sell a deal to the Capital Committee and get Board approval or whatever amount you want, Mobius was like over $200 million, you have to be pretty optimistic with what you think your revenues are going to be.",
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      "text": "Look at Mobius, for example... Mobius was like over $200 million, you have to be pretty optimistic with what you think your revenues are going to be... People are very optimistic with their (deal) presentations... you're not hitting what you projected.",
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      "text": "“Look at Mobius, for example, the challenge, again, this goes back to how, what I was explaining about the structure, and this is why the reports don't always turn out great internally. In order to sell a deal to the Capital Committee and get Board approval or whatever amount you want, Mobius was like over $200 million, you have to be pretty optimistic with what you think your revenues are going to be. And so that sells the the deal and the price you want to pay for it, and gets you approval for the funds. And that's why I was telling you, it's a bit of a slight game internally in order to get the funds.” — Former Stryker M&A Professional",
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      "kind": "title",
      "text": "Insights From A Spruce Point Interview",
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