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  "documentTitle": "Nevro Corp. (NVRO)",
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  "authorName": "Kir Kahlon",
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      "text": "The purported momentum the CEO hypes on earnings calls is a mirage: massive market share losses, impending defections, and other signs of a sinking ship with the CEO backed “in a corner.”",
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      "text": "He described Grossman as engaged in “window dressing” and Omnia as a flop",
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      "text": "The purported momentum the CEO hypes on earnings calls is a mirage: massive market share losses, impending defections, and other signs of a sinking ship with the CEO backed “in a corner.”",
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      "text": "He concluded by implying that Grossman is more engaged in optics than substance, backed “in a corner,” and that his key initiatives like Omnia are failures.",
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      "text": "“When I listen to earnings calls, it’s “the business has stabilized... but at the end of the day, I just don’t see it. I really don’t see it. You’ve seen massive losses in Australia... In Europe, high percentages of business are just going away... They’re going to lose a lot of their high-quality reps... They’re going to sell those and get out of there and then you’re back to pretty average people with pretty average performance.” – Former Nevro executive",
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      "text": "“I think there’s a lot of window-dressing with Grossman and that’s why you’re not seeing this big uptake in revenue. If Omnia is so good... why is it not going up? They’ve eroded their price.” – Former Nevro executive",
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      "text": "I think there’s a lot of window-dressing with Grossman and that’s why you’re not seeing this big uptake in revenue. If Omnia is so good and you’re got a hundred more reps out on the field and you’re doing all this great selling and all these customers are happy, why is it not going up? They’ve eroded their price. Nobody’s going to buy Omnia, unless you’re getting paid a couple thousand bucks to be put in a study to use it. — Former Nevro executive; When I listen to earnings calls, it’s “the business has stabilized, we’re excited about all these new platforms and new disease states, we’re going to do more of this” but at the end of the day, I just don’t see it. I really don’t see it. You’ve seen massive losses in Australia where that business used to be number one and now they’re number three or four. In Europe, high percentages of business are just going away because they don’t have the core competency in leadership. Here in the US, they’re going to have to start making changes in leadership and when that happens and stock options expire, then Keith is back in a corner. They’re going to lose a lot of their high-quality reps that have been on guarantees. For their management team, the stock options have already hit. They’re going to sell those and get out of there and then you’re back to pretty average people with pretty average performance. — Former Nevro executive",
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      "text": "12. Investors betting on a Keith Grossman-driven turnaround will shortly face a rude awakening",
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