What is the future for Linvatec?

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Anonymous said:
There's hardly anyone left in Largo! It's also amazing how these new product manager positions now cover 2 or 3 different product category, where there used to be 1 product manager per product category. Not to mention, most of the product managers are now each responsible for a segment of MTF. What a disaster this is going to be! Take R.S for example. He was the Global Hall Power manager, who after 2 years on the job, still doesn't know shit about the product. Now they make him the Group Director for all Capital Equipment. How the hell is he supposed to handle that?
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His wonderful natural talent and brilliant mind will prevail. Some of us who were with the company years ago were battling the constantly changing priorities and constant short-term solutions. However, we were told that new talent was needed for success at Linvatec. Well hope you are enjoying this success. I have found personal success elsewhere after the disruption of my family's lives. I just can not understand how Joe and his senior staff have repeatedly made such poor choices.
 






Joe not only hired poorly but he made numerous poor decisions has well, i.e. Viking - not only did he overpay for Viking they HAVE NOT delivered a reliable new product. Although it has only been 2 1/2 years since the purchase, maybe they need more time to pull their heads out of their asses. Great decision Joe to shut down Santa Barbara and cut loose people who actually knew the video business. Not to worry however, they now have a new VP of Sales...Ross....and true to form he nor his cronies know anything about video or power...and who hired him.....JOE - so many reasons why JD is no longer employed at the company.
 






Anonymous said:
Joe not only hired poorly but he made numerous poor decisions has well, i.e. Viking - not only did he overpay for Viking they HAVE NOT delivered a reliable new product. Although it has only been 2 1/2 years since the purchase, maybe they need more time to pull their heads out of their asses. Great decision Joe to shut down Santa Barbara and cut loose people who actually knew the video business. Not to worry however, they now have a new VP of Sales...Ross....and true to form he nor his cronies know anything about video or power...and who hired him.....JOE - so many reasons why JD is no longer employed at the company.
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Joe was a disaster for Linvatec, but what most people forget is that the Corasanti's put him in charge of all Sales, Marketing, and Rnd for all the company including all the Utica based business areas and Corp sales. If you think we're broken, you should talk to people who are in the other divisions of Conmed. Joe's big strategic move was to put all the cronies and relatives of the Corasanti's in charge of these business area and then just forget about them. These business areas are all way under plan, year after year, and declining in sales. In order to make up for all their losses, Linvatec has to grow at an much higher rate than is realistically possible. Once the Corasanti's "shenanigans" were found out by the shareholders and they were asked to leave, Joe was exposed and asked to leave. But the damage was already done. The question is what is Hartman's plan to turn all these disasters around? Especially with all the huge mergers taking place in the med device market, including many of Conmed's competitors. Is 6 years of Joe's disasters reversable? Thanks Joe!
 






Can the company recover after JD, my opinion is a resounding NO. It's far too late and far too much damage done to recover. Again, just look at Viking, Linvatec used to be a leader and thee leader in autoclave camera technology. Too many mergers of significance taking place for this company to pull out of the tailspin. We'll see about Hartman - skirt chasing idiots that settle out of court and make those type of poor decisions usually can't lead through tough times.....just watch how he continues to allow the new VP of Sales, RB, to hire incompetent former buddies that don't know anything about the capital product line.
 






Don't disagree at all about the disaster nurtured by JD, but RB and the Arthrocare guys were hired to sell the new ablator. That product has been in development for years, the VP of the project left, and the product still isn't released. Similar story at Viking, although it was the Endo guys who said they could sell 3D. If Conmed is not going to be sold, CH would be smart to fire BP and HT. Hire a new VP of R&D and marketing that can identify, release, and sell privately label devices made by leading OEMs. The company should get out of the product development and manufacturing business.
 






I don't see any possible way that Conmed won't be sold. It's just a matter of whether it will be sold as a whole, or in pieces. Obviously no one wanted it as a whole, as of 6 months ago. Maybe at a much lower price it would sell, but the stock price is still way too high. Hartman and R.B have been at it here for long enough to convince me that they have no clue what to do to turn it around.
 






Anonymous said:
I don't see any possible way that Conmed won't be sold. It's just a matter of whether it will be sold as a whole, or in pieces. Obviously no one wanted it as a whole, as of 6 months ago. Maybe at a much lower price it would sell, but the stock price is still way too high. Hartman and R.B have been at it here for long enough to convince me that they have no clue what to do to turn it around.
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Look at today's price. The market is off by 300 today and Conmed is holding at over 45! Obviously the institutions who own all the stock believe there will be a sale. The price is up 30 percent from 6 months ago. I should have bought at 36 when it fell to that level. The board never said they didn't have a buyer for the whole thing. That was leaked to make the shareholders believe that. What they did say is that they didn't think they were being offered enough (or the senior management didn't like the company who was offering because of what it would mean for them). In fairness to Hartman, when you look at the competitors who Conmed competes against, and how they are merging with one another, there are very few clues to turning Conmed around or even surviving as a stand alone. That is why it should be sold.
 






Anonymous said:
Don't disagree at all about the disaster nurtured by JD, but RB and the Arthrocare guys were hired to sell the new ablator. That product has been in development for years, the VP of the project left, and the product still isn't released. Similar story at Viking, although it was the Endo guys who said they could sell 3D. If Conmed is not going to be sold, CH would be smart to fire BP and HT. Hire a new VP of R&D and marketing that can identify, release, and sell privately label devices made by leading OEMs. The company should get out of the product development and manufacturing business.
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Well it looks like HT already has one leg out the door Google search her linked-in:"c-level executive..multiple industries" Sounds like someone looking for a new job
 






That's good because HT sure as hell didn't have anything to offer the company. I can't believe she's already been here for 6 years. She started off by screwing up Hall Power, then worked her way in to Sports Med and that whole disaster.
 






Did anyone notice that KH really avoided commenting on their new ablater system....rumor has it that there are so many issues to overcome it might not come out until late in the year...what a joke...kinda like the misfits they just hired to manage the new alignment configured by the new VP of Sales that S&N didn't want to keep. The eight new "managers" are from Arthocare and Stryker....again the Arthocare hires are rejects from the S&N takeover....this company continues down the same path as its past management team. Doesn't matter what you know, but who you know...unfortunately the "leaders" are rejects as well.....
 






























Covidien or Stryker? Don't think so...... Jnj seems to be the smarter bet- fold it in to mitek.They still have boat loads more cash than Stryker or any of the others. Mitek is just missing video and well then look out.I think people forget about how much biz they actually have- I'm out west and the group here that has mitek does 16 million,says they are .5 billion or more with out video in US.Stryker has what we have and covidien is a long long shot.Maybe they keep a few of us around.
 






Anonymous said:
Covidien or Stryker? Don't think so...... Jnj seems to be the smarter bet- fold it in to mitek.They still have boat loads more cash than Stryker or any of the others. Mitek is just missing video and well then look out.I think people forget about how much biz they actually have- I'm out west and the group here that has mitek does 16 million,says they are .5 billion or more with out video in US.Stryker has what we have and covidien is a long long shot.Maybe they keep a few of us around.
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Covidien no longer exits. It's called Medtronic now, which post merger has sales of 20 plus billion. They have publicly stated they want to strengthen their ortho, sports med, and general surgery offerings, which is exactly what Conmed is. They would be the one company who might seem to have interest in buying all Conmed. With their 75 percent margins they have all the financial muscle in the world to buy anyone they want! Stryker has infinite financial ability which is why they have had publicly disclosed discussions (required by English law) with SNN. They certainly have enough financial ability to buy Linvatec. Although I can't think of why they would want any of the rest of Conmed. I have zero clue that either one of these companies have any interest in buying Conmed or have picked up the phone and called Conmed to express interest. However I could see Hartman calling them trying to strike a deal with both of these companies to keep himself in charge of the Conmed business post deal, especially Stryker his old company where he is sure to have contacts. And as you point out JNJ is another good option, especially for Linvatec. Could be anybody??? But it must be somebody. The market certainly thinks so! There is no reason in the world for the stock price of Conmed to be trading at this level except for buy out speculation. People bought over 600000 shares at over 48 in the last 2 days. People buy a stock thinking it will go up in the future. Now who is buying large volumes of Conmed at 48 thinking it will rise in value unless they think a buy out is coming?
 












Can't believe that this thread that I started back in May of 2012 is still going! Surprizing, considering my motivation was the lack of posts re Linvatec.

I don't see J&J purchasing Conmed. Their orthopedic group, DePuy - Synthes, has it's hands full trying to come into compliance with EU and FDA regulatory issues. With the purchase of Synthes, J&J acquired a smaller competitor to our Hall line (used to be known as Anspach). The only attraction to Conmed would be to build that product line and gain more manufacturing and administrative space than the old Anspach group has now.
 


















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