Small Bone - A Horrible Investment

I work for one of the larger medical device companies -not Smith and Nephew- and we have received several resumes from employees of Small Bone - some of them highly placed.

They obviously don't have much confidence in the organization.

 

I know. I don't understand why?
They seem to be moving backward from direct to distributor model.

 

Bring back the stache!!!!

 

Because nobody with any talent would bother to work for Small Bone- it is a place of last resort on the career ladder.

The company has a tiny market for their products and is completely dependent on outside financing.

The goal of management is not to run a profitable company but to squeeeze as much cash out of it for their own personal gain using any means necessary.

 

I agree! Most people think management is just incompetant but they know what they are doing and that is trying to avoid any real work!

 

Small Bone is expected to end the year with right around $40-43 million in revenue. It seems that we peaked with our current product portfolio. Next year is expected to decline.

 

Pretty telling that their own projection isn't even more accurate than a 10% sway one way or the other (in that they're not any closer to the business than that after this many years in the arena?). That's a pretty big guess.

 

This company can't go more than a couple of months without finding new ways to humiliate itself!

 

It's bad and most people know it. I would estimate that anywhere from 50-70% of the employees are out job searching at any given time. Its clear to most that growth is flat and opportunities are limited.

 

The STAR ankle simply never had as big a market as was anticipated. It may be a good ankle but it cannot generate the revenue necessary to grow or even sustain the curent company.

 

More like 100%. The current CEO is searching and will be out within a year's time.

 

Next years revenue will drop to about $38 million.