Good Investment?

Discussion in 'Tornier' started by Anonymous, Nov 12, 2012 at 7:41 PM.

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  1. Anonymous

    Anonymous Guest

    Can anyone tell me if this stock looks like a good investment? It appears to have dropped considerably since its IPO, so maybe it would be a good time to invest. Any opinions?
     

  2. Anonymous

    Anonymous Guest

    It normally would be a great investment as they had already removed the three historically worst managers ever in the ortho business: Preacher Dave Blue who had sold his soul to the devil, Andy Joiner who thought you could stuff your hospitals with inventory at the end of the quarter (no, this is not USSC), and finally Doug Kohrs the ultimate spin doctor who sold everyone his vision of the future, all the while screwing his distributors by reducing commissions and increasing charge backs so that we were left with nothing but despair and high turnover. It would be a good time to dump, sell and get your resume on the street, because the corporate gang they hired are from urology. They know nothing about orthpaedics. They have no relationships. Dead wood.
     
  3. Anonymous

    Anonymous Guest

    Weren't the three aforementioned the ones who implemented the "Carrot and Stick" approach with us? I guess they all got the stick...shafted.
     
  4. Anonymous

    Anonymous Guest

    Having been there just before the release of the Reversed Shoulder, it is very disappointing to see such a once great company with great people reduced to this floundering mess.
    Once Warburg got involved with their "people", (I don't consider corporate beancounters people), the stage was set. This was a true "invasion of the body snatchers", with all these non-ortho, urology, US Surgical showing up gradually displacing and replacing "real" people with real ortho experience.
    I stayed a bit too long, however I did get out before the house of cards caved in.
    Tornier forgot what it did well, shoulder arthroplasty, but instead in an effort to appeal to the stock market it chased low ASP products in highly competitive environments, (do you think the Arthrex guy won't fight to the death in the hall way to sell his anchor for $300, meanwhile your not in your TSA across town, because corp "needs" anchor sales).

    A sad fucking deal,,,
     
  5. Anonymous

    Anonymous Guest

    "Forgot what they do best", is right on. And what is worse, we continue to add to the low ASP business by spending $135 Million or more on Orthohelix. I remember when this shit started, they began to push our ridiculous volar plate, Coverloc. It was management's entire focus, almost an obsession. Began to punish us financially if we weren't selling it. No one sold it. We all continued to get punished. And then it was "go sell a shoulder anchor with no suture passer" all the while arrogantly assuming that we would get 25% of the RCR business by getting our TSA clients on board due to our strong relationships. Are you kidding me? Did you also assume through this blind arrogance that Arthrex did not have relationships with those same surgeons? And then we were forced to sell our me-too graph Conexa against Wright Medical which became another obsession. More punishment for low sales. And then Nexa: "go sell a $200 cannulated screw for a bunionectomy", not thinking that our reps were sitting in the cases thinking that they had just made $20 in commission, having spent more than that in gas getting the fucking tray to the hospital the day before and then the following day having spent 3 fucking hours at the hospital for that one damn case with a loser podiatrist. Holly shit, who ever came up with this business plan should be shot. We were SHOULDER SPECIALISTS, the best in the world. Now we are a failing, high turn-over, low moral company who dropped the ball on the shoulder where the entire sales force has their resumes on the street and all of us distributors are looking for something to replace this BIG BAG OF SHIT! Wake up everyone. Houston, we got a problem. Oh, sorry I forgot. You closed Houston. Dumb shits.
     
  6. Anonymous

    Anonymous Guest

    Too bad! Tournier is a great product line! Wish I had this line in my bag, I would kill it! Maybe you should sell to a company like Arthrex. But, probably will never happen.
     
  7. Anonymous

    Anonymous Guest

    It is "Tornier". We may have lost our panache, but please don't butcher our name like our reputation in the market.
     
  8. Anonymous

    Anonymous Guest

    You guys used to be cool. Now I feel sorry for you. Sounds like really poor corporate management. Honestly looks just like SBI. You guys should merge and then implode with your Orthohelix and Star Ankle debt.
     
  9. Anonymous

    Anonymous Guest

  10. Anonymous

    Anonymous Guest

    Tornier has lost a number solid players in operations in 2012. Especially from Houston. This could get ugly.
     
  11. Anonymous

    Anonymous Guest

    "Get Ugly"? You could not put lipstick on this pig. We were a great shoulder company. Now we are a joke. Closing Houston was only part of a very bad plan that was poorly executed.
     
  12. Anonymous

    Anonymous Guest

    What's wrong with this picture: Replaced management executives since the IPO:

    CEO, CFO, VP and General Manager, VP Sales (twice), VP and Operations Manager, VP Lower Extremity, VP Sports Medicine, Director of Marketing Sports Medicine, several board members, all Area Business Directors.

    Wonder why our options are worthless?