Old news, son. Forget about the direct shops and ask about the micro distributors. Either way, they're apt to lose $50-100M in market share in 2013. Sad.
Come on. After all the "unusual expenses" they'll log only $35m in losses this year. On the distributor side it is hard enough but at least we're still protected from some of the corporate bs. I hear it truly sucks to be micromanaged by a corporate lackey in the direct model. Aren't we paid to sell instead of creating endless business review spreadsheets? And the motivation to work with my CNMD counterpart is what exactly? That guy has very well polished shoes but couldn't find his way past the receivables guy in the basement of the county hospital.
While I can't address what Linvawreck might be doing, any 1099 might want to go over to the Arthrex thread and see what these companies are getting away with by managing the hell out of us treating us as W2 employees and breaking 80% of the IRS rules but still treating as 1099. This could be the undoing of the entire distributorship model as Linvawreck and so many other companies are going to hang the distributors out to dry when the sh** hits the fan
Linvatec would love to go all direct. But they can't afford to buy out the distributors and outfit the direct shops with samples. It will happen over time, and will cost them more, but it has nothing to do with the IRS. It's all about control.