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Stock Slump

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anonymous said:
i have been reading the posts on this site for quite a while. I have not posted an opinion or fact but I feel I must do that. I worked at Patterson Dental for over 30 years as a sales rep. I left the company before the big stock decline ( thank God).
I was employed during the Frechette/Wiltz era and was thoroughly impressed by who they were and what they stood for. The industry had the utmost respect for them and rightly so.I was worried when the word retirement came out of their mouths. Then the unethical self serving new management came in and they attempted to change the dynamic of what what was working so well....ethics, compassion, concern for customer needs, relationships, and just doing things right. The Anderson, Misiak, Rogan , Guggie (who failed at being President),and Gugino regime came in and.....well we all know the result. It is shameful what these people did and now the management seems to rely on what idiots like Rogan have to say. If there is any one thing I have never heard anyone say is...Boy that Rogan is a great guy. In fact it is the opposite. I feel bad for the loyal employees that have stayed and lost 60+% of their stock and are under Rogan and Guggenheim’s “leadership”. The new CEO and President do not know Dental so I can give them sort of a pass but they seem to be relying on the 2 morons I mentioned above. Sorry for this long post but I felt I had to get this off my chest. BTW.....the BOD is to blame as well. Good luck to all who have stayed and believed.
Click to expand...

I remember Pete speaking to a group of branches at a DC. Balls to the wall, straight up, honest, he was a great man. God help us now, although I think it is too late.
 




anonymous said:
i have been reading the posts on this site for quite a while. I have not posted an opinion or fact but I feel I must do that. I worked at Patterson Dental for over 30 years as a sales rep. I left the company before the big stock decline ( thank God).
I was employed during the Frechette/Wiltz era and was thoroughly impressed by who they were and what they stood for. The industry had the utmost respect for them and rightly so.I was worried when the word retirement came out of their mouths. Then the unethical self serving new management came in and they attempted to change the dynamic of what what was working so well....ethics, compassion, concern for customer needs, relationships, and just doing things right. The Anderson, Misiak, Rogan , Guggie (who failed at being President),and Gugino regime came in and.....well we all know the result. It is shameful what these people did and now the management seems to rely on what idiots like Rogan have to say. If there is any one thing I have never heard anyone say is...Boy that Rogan is a great guy. In fact it is the opposite. I feel bad for the loyal employees that have stayed and lost 60+% of their stock and are under Rogan and Guggenheim’s “leadership”. The new CEO and President do not know Dental so I can give them sort of a pass but they seem to be relying on the 2 morons I mentioned above. Sorry for this long post but I felt I had to get this off my chest. BTW.....the BOD is to blame as well. Good luck to all who have stayed and believed.
Click to expand...

So what advice would you give those of us tenured loyal employees still here? 30 years in as well. Strong customer base and strong sales. Stay or go? Sell our stock and move on or hope for a buyout?
 




Tough decision considering the stock is down so much and you probably have quite a few shares being there for 30 years. Right now it’s a crap shoot. I left when the stock was in the 40’s and cashed out. I went to another company and have been very happy but my timing was good. I still have some shares of pdco ( not many) and am waiting to see if I can make some dollars on a buy out. I wish you and others in your position the best of luck and hope a buy out happens and you can make up some or all the losses.
 




sell your strong customer base to competition, get best conditions possible.
dental is downhill anyway.
wishful thinking about buyout, you are not getting $40 stock, you'll be lucky to have $25.
 




Mark Walchirk: I think as we’ve indicated previously, the trend of our private label business within Dental in terms of growing faster than our overall consumables business, that actually continued in the quarter. We continue to focus strongly on that area. We continue to look at opportunities to introduce new products. We continue to incent our field sales organization. We continue to work closely with the manufacturers to drive great value there from a supply chain standpoint. And again, our private label business in Dental continues to grow faster on a year-over-year basis than our overall consumables segment and that’s certainly something that we expect to continue and certainly help contribute to some of the improved mix and margin profile from our Dental business that we referenced earlier.
+++++++++++++++++++++++++++++++++++++++++++++++++++
Strange how units are up but retail is down with all these private label sales. Does the marketing department have a functioning calculator when they are setting pricing/strategy?
 




anonymous said:
Mark Walchirk: I think as we’ve indicated previously, the trend of our private label business within Dental in terms of growing faster than our overall consumables business, that actually continued in the quarter. We continue to focus strongly on that area. We continue to look at opportunities to introduce new products. We continue to incent our field sales organization. We continue to work closely with the manufacturers to drive great value there from a supply chain standpoint. And again, our private label business in Dental continues to grow faster on a year-over-year basis than our overall consumables segment and that’s certainly something that we expect to continue and certainly help contribute to some of the improved mix and margin profile from our Dental business that we referenced earlier.
+++++++++++++++++++++++++++++++++++++++++++++++++++
Strange how units are up but retail is down with all these private label sales. Does the marketing department have a functioning calculator when they are setting pricing/strategy?
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Just more propaganda from above. Not much else he (they) can say.
 
























My suggestion is don’t watch! It’s not going to get better anytime soon and extremely doubtful that it will ever recover. Once was a great company with great leadership. Such a shame what a few inept morons could do and now this new leadership has no handle on the business or the future. So sad.
 
















anonymous said:
i have been reading the posts on this site for quite a while. I have not posted an opinion or fact but I feel I must do that. I worked at Patterson Dental for over 30 years as a sales rep. I left the company before the big stock decline ( thank God).
I was employed during the Frechette/Wiltz era and was thoroughly impressed by who they were and what they stood for. The industry had the utmost respect for them and rightly so.I was worried when the word retirement came out of their mouths. Then the unethical self serving new management came in and they attempted to change the dynamic of what what was working so well....ethics, compassion, concern for customer needs, relationships, and just doing things right. The Anderson, Misiak, Rogan , Guggie (who failed at being President),and Gugino regime came in and.....well we all know the result. It is shameful what these people did and now the management seems to rely on what idiots like Rogan have to say. If there is any one thing I have never heard anyone say is...Boy that Rogan is a great guy. In fact it is the opposite. I feel bad for the loyal employees that have stayed and lost 60+% of their stock and are under Rogan and Guggenheim’s “leadership”. The new CEO and President do not know Dental so I can give them sort of a pass but they seem to be relying on the 2 morons I mentioned above. Sorry for this long post but I felt I had to get this off my chest. BTW.....the BOD is to blame as well. Good luck to all who have stayed and believed.
Click to expand...
I was there 20+ and got out just in time. It's sad, I loved that company when I started.
 




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