u can't dismiss OFIX has done a very nice job stabilizing the company. their were many closing the coffin when the stock was at $20 and it is now over $30. The stim business appears to have hit bottom and starting to have a pulse moving forward. No matter what people think, Ofix prints money even at the revenue levels where it stands. Margins north of 70%. Faucett did the job while at Ofix and now I think he has moved on with his own distributorship. Not 100% sure but I think so. he served the company well under a very difficult environment.
Faucett's has been gone for a little while. Mark is more of an entrepreneur than he is a corporate guy. That's at least my take on it. He helped stabilize the stim business regardless of what the haters will say. To my surprise, I would have thought the stim business would have fallen much more than it did. I think at peak they did $180 mill in stim business and now it's a $160 mill business. Not too bad considering the situation and at 70% plus margins they still ring the cash register.
Orthofix set him up as a distributor in Louisianna and made 4 reps work under him. Same with Jared McGrath
Where did Jared end up? Look out competitive reps. He will steal all your instruments so make sure you get them from Spd before he does
