I just read on Yahoo finance that Tornier bought Orthohelix for 135 mil. Good move if you ask me, docs seem to like their products. The question is whats the next move to be a real player in the game.
They have $61.42M in cash. Further dilution for all shareholders. Falling ASP on joints which is most of their business. This is going to be fun to watch. Oh, yeah I forgot, they are not making money....WTF.
We also have $43M+ in debt already. I love calling on podiatrists. They are the cream of the crop and are rainmakers at all hospitals I call on. Easier to convert than my shoulder specialists. Wait a minute. We used to specialize. What happened?
You won't. Splitting lower from upper. They wanted to screw us from day one. I actually miss the Jim Hook days when we were meaningful and meant something.