How much longer can wmt last? Quarter after quarter of reported losses. The tornier acquisition won't even help with the shift in hospitals going to single source vendors. Ie Stryker and jnj
No surprise in the latest earnings report. Another $10 million loss, quarter over quarter misses in both revenue and EPS. What is interesting were the comments of DM that "second quarter performance highlights the momentum of our extremities business". Despite flat year over year comparisons. DM then goes on to say, "our lower extremities business experienced distractions…" No shit. Which is it? Sifting through the spin, Tornier does offer a high quality product line that should be generating better results. Unfortunately the company's biggest distraction continues to be the asinine dictatorship of TR and his band of yes-men. Factor out the $1.6 million salary paid to that "rocket scientist", subtract out his expense account and bar tab and this company would be profitable, as well as, being a fun place to work. Unfortunately, until that change is made, Tornier's future will continue to hemorrhage red.
