Biomet IPO

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Like Biomet hasn't heard that before! Say what you want. Biomet is still here! I am always curious as to why people like you love to bash Biomet? They started this company on a small business loan from the state of Indiana and grew it to a world wide multi-billion dollar company. Biomet is an American success story! Keep talking trash and we will see who is laughing last. Times may have changed, the market has changed, and returns won't be the same. However Biomet will still be here disproving the haters like you.
 






Anonymous said:
Like Biomet hasn't heard that before! Say what you want. Biomet is still here! I am always curious as to why people like you love to bash Biomet? They started this company on a small business loan from the state of Indiana and grew it to a world wide multi-billion dollar company. Biomet is an American success story! Keep talking trash and we will see who is laughing last. Times may have changed, the market has changed, and returns won't be the same. However Biomet will still be here disproving the haters like you.
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They are 5B in debt, success story? They need some success to pay the bills.
 






Anonymous said:
They are 5B in debt, success story? They need some success to pay the bills.
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The debt is leveraged. Look at Hilton and others like them who have come out last year. They too were in tremendous debt. Within months they were out of debt. Why, the IPO is just the beginning, then comes the appreciation which raises the amount of capital to pay off the debt within months. After that, it's down to the real nuts and bolts, and that is reporting to share holders looking now for a return.

The thing that everyone forgets is, Biomet has been around the block as a public company. It's not like it's new to them. This should and no doubt will be the turning point for this company... Finally!
 






Anonymous said:
The debt is leveraged. Look at Hilton and others like them who have come out last year. They too were in tremendous debt. Within months they were out of debt. Why, the IPO is just the beginning, then comes the appreciation which raises the amount of capital to pay off the debt within months. After that, it's down to the real nuts and bolts, and that is reporting to share holders looking now for a return.

The thing that everyone forgets is, Biomet has been around the block as a public company. It's not like it's new to them. This should and no doubt will be the turning point for this company... Finally!
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Good post! And in my humble opinion, we are lucky that Binder is running the show. Love him or hate him, the guys a genius. No doubt he will be moving on but look at who he just placed in his right hand position. Smart move that shows how he really feels about Biomet and the people who work here. Exciting times ahead!
 






Pretty funny comments....remember that the company is owner by private equity firms....they are there for one reason and one reason only....to "fleece" the company of money and sell it for a profit which they will keep to themselves...they are not interested in anyone that works their. Look at the history of what these firms do/did, which is sell the company, get their money and get the hell out without looking back. Funny thing is, they will never get the money out that they put in!
 












Anonymous said:
Pretty funny comments....remember that the company is owner by private equity firms....they are there for one reason and one reason only....to "fleece" the company of money and sell it for a profit which they will keep to themselves...they are not interested in anyone that works their. Look at the history of what these firms do/did, which is sell the company, get their money and get the hell out without looking back. Funny thing is, they will never get the money out that they put in!
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This poster obviously works for Stryker. Ex-jock, tutor wrote all of his papers to get his degree in lawn management.
 






BS and flaming aside, do some math.

They took the company private for 11b and change. There was almost no debt at Biomet at the time. The bankers borrowed almost the entire buy out price. Then the bankers were the first to get paid off out of earnings. There is still 6b in debt to pay off at off at like 6 or 8 pct annual.

Here we are in 2014. Maybe the company goes for 3-4 x sales. That's 9-12b. But you need to subtract the debt, though at some discount rate. So maybe the company is worth 6-8b net of debt. Maybe that's good Bain MBA math?

The key thing in an LBO is the vultures target a cash generating company and try to take over all the future cash flows up front. Biomet is now stuck paying down debt when it could be reinvesting the money or paying shareholders. Sadly it's walking dead. This isn't the time in the economy to be cash strapped and not investing.

But hey, good ol Goldman and their buds got theirs already. And a lot of those buds have been floating around Noa Noa drinking and getting fat for years.
 






Great post ! And let's not forget... Biomet is but a spec on the Goldman balance sheet...any loss they may take is equal to the change we find in our washing machines.....
 






Well said poster. Biomet is sucking wind and will continue to suck wind! No money and HUGE debt is not the way to go through life!!!! Binder couldn't give crap as he already cashed out.
 






Anonymous said:
Pretty funny comments....remember that the company is owner by private equity firms....they are there for one reason and one reason only....to "fleece" the company of money and sell it for a profit which they will keep to themselves...they are not interested in anyone that works their. Look at the history of what these firms do/did, which is sell the company, get their money and get the hell out without looking back. Funny thing is, they will never get the money out that they put in!
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their vs. there: Is it likely that an individual that doesn't know the difference really understands private equity finance?
 






























Anonymous said:
Their vs. There? Looks correct to me.
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Is auto-spell is disabled on CF? I have never seen a bunch of illiterate morons typing out crap. Orthopedic reps are an embarrassment to the industry. How do these companies hire these total and complete idiots? I see these slobs/slugs rolling in to my OR with dirty scrubs on and unshaven thinking they are hot stuff every morning. I can't wait to get rid of these clowns...
 






Why are we still around? Because surgeons haven't learned how to navigate without us and we all still think we have something earth shattering to offer in the OR. We are salesmen after all. However, the day is soon coming when in order to save the patient money reps will be eliminated from the equation and we will be banished. The teaching hospital I'm at in Chicago is taking more and more control over which vendors are allowed and I expect things to change even more in the near future.
 


















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