layoffs

Have layoffs happened yet? If so where and if not who needs to worry?

 

Don't know. But I see their looking for a couple of dental reps. Providence Ri area and Taunton MA. Maybe they'd consider ah reps ?

 

You're a little behind the 8-ball. Layoffs were back around 1Q.

 

The last batch anyways.

 

I thought Patterson bought AHI, did AHI buy Patterson the way things are shaking out???

 

With you leader you have you never know what may happen. I am not talking about George; he is a good man!

 

layoffs a comin' specially after today stock crash. loose 30% of value in one day, company is prime to be bought or bankrupt

 

Yep, CFO “left”. Dental division under FTC investigation into collusion for price fixing, etc., etc. Couldn’t happen to a more worthy company

 

Patterson Companies has fallen 33.3% since the start of 2018, and is down 50% in the past year...word from investment institutions is Vet business unit is toast

 

All distributors are in trouble. All the margin cuts that happened this year. The reps will lose 20-30k this year. This trend will only continue.
This will be a technician job for most positions soon. Most good reps will leave. Pay will be too low.

 

Also it seems as soon as one distributor makes a change, the others follow suit in short order. The days of $200-300k annual “gifts” are done, and won’t return.

 

Perhaps if distribution had been helping manufacturers “move the needle” for the past few years, you wouldn’t have margin cuts and/or lose products out of your warehouses. Your management promises manufacturers growth and new business, but the reps won’t deliver. Reps bitch about lower margin, but have done NOTHING to justify more $ (or the same for that matter). Sell more, make more. I realize this is a foreign concept to the average distributor rep.

 

Chucky's keeping all the margin.

 

Nine years of esop & 401 earning are gone, PDCO back to what it was trading at in 2009.
Be working until 80.
New finance guy is a local from Minneapolis who was in the energy/electric industry; what is PDCO direction and guidance?

 

Time is here...layoffs, terminations and law suits...

NEW YORK, March 30, 2018 /PRNewswire/Attorney Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Patterson Companies, Inc.(PDCO) and certain of its officers, on behalf of shareholders who purchased Patterson securities between June 26, 2015 and February 28, 2018, inclusive (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
Patterson's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis." The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Defendants were engaged in a fraudulent and illegal price-fixing conspiracy; (2) the Company's revenue and earnings were fraudulently inflated by the illegal scheme; (3) the scheme was aimed at prohibiting sales to and price negotiations by group purchasing organizations ("GPOs"); (4) as a result of the foregoing, Defendants' statements about Patterson's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

 

This is probably the most BS comment I’ve ever seen. Sell more, make more - and stop thinking you can piggy back off of distributor reps and treat them the way you do. Maybe you should try promising growth and new business to hundreds of vendors and thousands of products and see how challenging it is. I realize this is a foreign concept to the average manufacturer rep, but you’re even worse than the average

 

We've been "moving the needle" for all you crackheads as best we can. For example which of the six or seven varieties of Lyme vaccine in my warehouse should I promote ? Which of the 15 flea and tick preventives ? Oh wait there's three new ones? Only fleas ? Fantastic, I'll get right on that.. Which gastrointestinal or Neurological nightmare product is best supported..hmm.
Meanwhile you guys have been busy merging, backordering, backstabbing and burying your head in the sand . Think your product is better than the five other manufacturers product that all treat/prevent the same thing ? Shaft us by taking the sales direct lately ? I'm expected to put you first, do your job, eat shit for your mistakes and do it all for an ever decreasing reward. Why on earth would I want to promote those who suck over the ones that don't ? We remember whose been naughty or nice.

 

With everyone jumping ship, there may be no one left to layoff. Stock price is less than half of what it was earlier. Class action lawsuits on the horizon and an FTC investigation into collusion. Not really a great time to be a Patterson rep. “How are the mighty fallen”

 

And the leaving continues with three top Patterson reps jumping ship on Friday.

 

where did they jump ship to?