The end of Orthofix

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Just look at the stock over the past year and there is some misery for ya'.
The company is publicly traded yet they have not posted earnings in two quarters which defeats the purpose of being public right?
This company is a ponzy scheme with horrible leadership period. It is only a matter of time before it is delisted, leaders get indicted and the company goes under. Bottom line is that the Blackstone acquisition crushed the P and L at the top of the market, the stim market is terminally corrupt plus the device is not going to reimbursed much longer going into Obama care. Leadership is being sued by 18 law firms around their unethical accounting practices while under a pre-existing CIA and FCPA. Doesn't seem to be a lot of light at the end of this tunnel but if you think otherwise, load up on this stock without earnings guidance and see where that gets you. Although, keep in mind that the CEO bankrupt a small breadstick company before taking the the big gig... I am sure Warren Buffet wont be taking a position anytime soon.:)
 






Anonymous said:
Just look at the stock over the past year and there is some misery for ya'.
The company is publicly traded yet they have not posted earnings in two quarters which defeats the purpose of being public right?
This company is a ponzy scheme with horrible leadership period. It is only a matter of time before it is delisted, leaders get indicted and the company goes under. Bottom line is that the Blackstone acquisition crushed the P and L at the top of the market, the stim market is terminally corrupt plus the device is not going to reimbursed much longer going into Obama care. Leadership is being sued by 18 law firms around their unethical accounting practices while under a pre-existing CIA and FCPA. Doesn't seem to be a lot of light at the end of this tunnel but if you think otherwise, load up on this stock without earnings guidance and see where that gets you. Although, keep in mind that the CEO bankrupt a small breadstick company before taking the the big gig... I am sure Warren Buffet wont be taking a position anytime soon.:)
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WRONG. Their has been many and I mean many companies in much worse situations and they survived. Stim will be paid for for many yrs to come. Everyone has been calling for it's death the last 4 yrs and it has survived. OFIX is still a cash cow....companies like JCPenney and or Sears (many yrs ago) went through losing money and pulled through. In fact, their are dozen and dozens of public held companies who are losing money, in much worst shape than OFIX. Ofix sold Breg and got $100 plus million that pd down debt and fines.

They will survive like many companies before them. Just because they haven't reported only means their is a lot to digest and dig into to make sure what they put forth is correct. Best Buy stock lost 60% of it's stock value to less than $20 and people where calling for the end of Best Buy. Now look at BBY stock price......... When the entire market collapsed in 09 and everyone lost 50-60% of it's value.....the world was ending.....the market was going to collapse. It turned out to be a investment opportunity of a lifetime.

PROBLEMS ARE OPPORTUNITIES.
 


















Anonymous said:
WRONG. Their has been many and I mean many companies in much worse situations and they survived. Stim will be paid for for many yrs to come. Everyone has been calling for it's death the last 4 yrs and it has survived. OFIX is still a cash cow....companies like JCPenney and or Sears (many yrs ago) went through losing money and pulled through. In fact, their are dozen and dozens of public held companies who are losing money, in much worst shape than OFIX. Ofix sold Breg and got $100 plus million that pd down debt and fines.

They will survive like many companies before them. Just because they haven't reported only means their is a lot to digest and dig into to make sure what they put forth is correct. Best Buy stock lost 60% of it's stock value to less than $20 and people where calling for the end of Best Buy. Now look at BBY stock price......... When the entire market collapsed in 09 and everyone lost 50-60% of it's value.....the world was ending.....the market was going to collapse. It turned out to be a investment opportunity of a lifetime.

PROBLEMS ARE OPPORTUNITIES.
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Although the market is making all time highs and this joke makes fresh 52 week lows. There is no turn around here Jango. Just come to terms. The world isn't coming to an end but this company is. Insurance companies are marking your "cash cow" investigational as we type. Soon Stims will be in Walgreens. And reporting earnings is a really big deal for a public company Einstein.. Trust me or just ask all the Chiefs your clown CEO appointed. Look at the website and get a load of all that talent on the executive team!! Lol. Perhaps you can visit them in the pokie and give them cookies;)
I won't type anymore since it sounds like you are in denial. Get some help and a life while you are at it. Your post was the weakest link... Goodbye.
 






WRONG. Their has been many and I mean many companies in much worse situations and they survived. Stim will be paid for for many yrs to come. Everyone has been calling for it's death the last 4 yrs and it has survived. OFIX is still a cash cow....companies like JCPenney and or Sears (many yrs ago) went through losing money and pulled through. In fact, their are dozen and dozens of public held companies who are losing money, in much worst shape than OFIX. Ofix sold Breg and got $100 plus million that pd down debt and fines.

They will survive like many companies before them. Just because they haven't reported only means their is a lot to digest and dig into to make sure what they put forth is correct. Best Buy stock lost 60% of it's stock value to less than $20 and people where calling for the end of Best Buy. Now look at BBY stock price......... When the entire market collapsed in 09 and everyone lost 50-60% of it's value.....the world was ending.....the market was going to collapse. It turned out to be a investment opportunity of a lifetime.

PROBLEMS ARE OPPORTUNITIES.
 






Just wondering....how many sales execs went to jail for bribery? Did Best Buy fraudulently present claims and instructs its employees on how to defraud other companies? On how to defraud investors? Make no mistake, this company intentionally skewed the numbers, it will come out and current and past execs will get charged. Even the pricks who ducked out quick. It will look good on them after all the people they f*cked over....
 






Anonymous said:
Just wondering....how many sales execs went to jail for bribery? Did Best Buy fraudulently present claims and instructs its employees on how to defraud other companies? On how to defraud investors? Make no mistake, this company intentionally skewed the numbers, it will come out and current and past execs will get charged. Even the pricks who ducked out quick. It will look good on them after all the people they f*cked over....
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Today J&J pleads guilty to anti kickback violations and promoting off label application. Pays $2.2 billion in fines to settle criminal and civil suits. Today, SAC Capital pays $1.8 million in criminal fines for insider trading. I don't believe anyone went to jail because good companies know that no one person is to blame so companies minimize the damages and except total responsibility. Orthofix is just one of 1,000 companies involved in these type of allegations. This is not to minimize the Ofix issues by any means, but to say Ofix is done or Ofix will be out of business or Ofix is the only company with these type of issues is not up to speed as to what has been going on for decades. All these companies survive and life goes on. Yes, Ofix f*cked over some good people and the people who should be locked up got a free pass. Sometimes life is not fair and eventually those who got f*cked emerge stronger and better and those who were responsible will eventually get what they had coming. Karma is almost an impossible thing to try and hide from, it almost always comes back around in varies forms and or circumstances.
 












Anonymous said:
mmmmm, that's good koolaid. the difference is, this is a shit company with shit management, good luck with that, lol.
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Today, Jim Gero is gone and 2 new board members step in. This is a very good thing for Ofix. Jim Gero was a dinosaur and needed to go 5 yrs ago. With that being said, this is a positive for the company. Whether you realize it or not the company is very undervalued and with some tweaks and resolve this stock can easily go to $30 plus. Forget all the SEC issues and issues of the past, many good companies have gone thru similar situations and eventually it all resolves itself....BP is a perfect example. The company is NOT losing money, in fact it still produces strong profits. And the bull shit that stim is done and Medicare is going to stop paying for it, is a bunch of shit. People have been saying this for the past 13yrs and it's still being paid for and if after all the issues that has gone on the last 4yrs it's still being reimbursed. If anything was going to happen with Medicare it would have already happened. This isn't kool aid, it's the facts......if you look at Ofix over the past 15yrs this stock movie has been played over and over again. Buy low and sell high. You can wish for what you want to happen or you can be an opportunist and look at the history.
 






go ahead and fill your boots then farkwad. the company has nothing going for it. douche management, has-been, me-too products, not a single innovation in years and burning bridges with surgeons who made the company's ID over the past decade, never mind closing doors with distributors internationally that will ever be re-opened again.
Ofix has a way better stim product than anyone else in the market and exogen walked all over it. it's actually laughable that it could have happened. the next few weeks will prove the final undoing. you say this is a profitable company, just take a look at it's fundamentals, do some of the calculations on turnover and such. heads are up asses all over it.
 






Anonymous said:
go ahead and fill your boots then farkwad. the company has nothing going for it. douche management, has-been, me-too products, not a single innovation in years and burning bridges with surgeons who made the company's ID over the past decade, never mind closing doors with distributors internationally that will ever be re-opened again.
Ofix has a way better stim product than anyone else in the market and exogen walked all over it. it's actually laughable that it could have happened. the next few weeks will prove the final undoing. you say this is a profitable company, just take a look at it's fundamentals, do some of the calculations on turnover and such. heads are up asses all over it.
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Well, you might be right, I do recognize there is no innovation and a lot of me too products. I say it's profitable because the balance sheet shows it to be profitable. I'm not saying the stock will be an Apple, but when Milinazzo was running it into the ground it started to lose money because he was spending like a drug addict on crack. Spending appears to be well under control but maybe when they eventually post numbers, it will show that it's profitability has dried up.

But, that's not to say it can't be fixed and tweaked to take the stock to $30-$35 over the next 2 yrs. It's not a buy and hold, it's a buy and sell after a 4-6 point run. You are right the company will never be a great company that it once was especially with the current structure and management. I think the Blackstone acquisition was the devil in disguise because since that acquisition it has been nothing but evil for Ofix. A once great and fun company...... I guess time will tell.
 






It could miraculously be that revenues and profits were understated, but I doubt it. Costs appear controlled because they reduced sales costs on the back of their reps and are now forced into a distributor model. There has not been any consistency in management for years now nor have there been any new product added. Even little things like keeping the website uptodate are lost in the shuffle. Divisional segments operate like fifedoms. Examining the financials closely reveals serious flaws in the way they do business. The stock my ultimately be de-listed - do you really believe they have any kind of plan that they expect to execute. Wouldnt meeting the SEC's deadline be a matter of press release?
 






Anonymous said:
It could miraculously be that revenues and profits were understated, but I doubt it. Costs appear controlled because they reduced sales costs on the back of their reps and are now forced into a distributor model. There has not been any consistency in management for years now nor have there been any new product added. Even little things like keeping the website uptodate are lost in the shuffle. Divisional segments operate like fifedoms. Examining the financials closely reveals serious flaws in the way they do business. The stock my ultimately be de-listed - do you really believe they have any kind of plan that they expect to execute. Wouldnt meeting the SEC's deadline be a matter of press release?
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To be honest, I don't know if going to a distributor model is any less expensive. I thinks direct reps are avg about 10% Vs distributors are around 23%? I don't know how that equates to a cost savings. It seems to be a wash, at best.......Do I think they have a plan to execute? I think the plan is to stabilize what they have and cut everything that's not tied down. I could be wrong but putting out a press release on meeting the SEC deadline is mute at this point until they have all their ducks in a row. I have got to believe before they can post anything they have to have it absolutely right. It's probably the most important thing on their radar. I have got to believe the website is the last thing on their radar. : )
Yea, I agree, Ofix is not the company it once was and all the turnover and change is a very very bad thing.
 






Anonymous said:
To be honest, I don't know if going to a distributor model is any less expensive. I thinks direct reps are avg about 10% Vs distributors are around 23%? I don't know how that equates to a cost savings. It seems to be a wash, at best.......Do I think they have a plan to execute? I think the plan is to stabilize what they have and cut everything that's not tied down. I could be wrong but putting out a press release on meeting the SEC deadline is mute at this point until they have all their ducks in a row. I have got to believe before they can post anything they have to have it absolutely right. It's probably the most important thing on their radar. I have got to believe the website is the last thing on their radar. : )
Yea, I agree, Ofix is not the company it once was and all the turnover and change is a very very bad thing.
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a) by arbitrarily cutting sales commissions in half (because we all know they need what 4 presidents?) they created dissent and nobody wants to work for them, therefore the only way they can sell is through distributors, and most distributors will just go for the easy sale by cutting the price.
b) they are a public company. they have deadliness to publish results, and they had a deadline to put up a plausible plan for the SEC. Apparently they have done neither, as I think they would be obligated to report it to their shareholders..
c) website? again, public company obligations. I doubt this POS can even keep their ISO status up.
 






Anonymous said:
To be honest, I don't know if going to a distributor model is any less expensive. I thinks direct reps are avg about 10% Vs distributors are around 23%? I don't know how that equates to a cost savings. It seems to be a wash, at best.......Do I think they have a plan to execute? I think the plan is to stabilize what they have and cut everything that's not tied down. I could be wrong but putting out a press release on meeting the SEC deadline is mute at this point until they have all their ducks in a row. I have got to believe before they can post anything they have to have it absolutely right. It's probably the most important thing on their radar. I have got to believe the website is the last thing on their radar. : )
Yea, I agree, Ofix is not the company it once was and all the turnover and change is a very very bad thing.
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Thanks for the insight Brad Nieman.
Go back to work now and get those sales going!
LOL
 






























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