Stock price took a massive nosedive today on the heels of losing the CEREC exclusivity. Bad decisions from a floundering group of executives that are totally out of touch with their market. The multi-million dollar "moonshot" mission blew up in their faces. Probably 200million in cerec inventory that they're going to have to offload now. The fun is just beginning. Time to shake the shit out of the top of the company and not the people in the middle.
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Patterson's Moonshot Implosion
- Thread starter anonymous
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look the loss of the exclusive was a forgone conclusion as we all know it. But the real kick in the balls today for the stock was missing the earnings target that Wall Street had for the company. Sure getting kicked while down wasn't good with the Sirona thing but, me thinks there's something afoot aside from the idiots in Minnesota truly being in over their heads... The cutting of staff, the closing of branches, exclusivity gone... And to announce it before years end?? Hmmmm.
Amazon and Patterson are supposedly announcing something today, Weds 11/24.
Funny......hated this song before the tech summit.....loathed it by the end.....wanted to stab my ears with ice picks.....
The desperation in that meeting was palpable. All that hoopla and vision sharing and still nothing. Total bust. But very funny.