Amazon Deal imminent?

Let's hope it's true and watch amazon and pdco kick Henry Schein's greedy ass.

 

Hands down the amazon deal is coming tomorrow. What will it mean? Most of the reps will be let go in the months to come when patterson ends its q4 in april. also, patterson focus will be core equipment and skim limited profits from the materials until amazon eliminated the relationship. Lets be real, amazon is 300bil company. pat dental is 2 billion tops. amazon needs a relationship partner to open the door to manufactures to work with them. once this happens, material biz will be affected as long as the cost of goods are extremely different than the current pricing from Schein, patterson, benco or ADC dealers.

 

?

 

If the deal go's together, the pricing needs to be extreme to cut out patterson direct, Schein, Benco or ADC dealers. The TR position will go away, Patterson has been making bad deals over the last few years and have been looking for a way to salvage profits and cut overhead. The deal is done! Patterson will get out of materials and refocus on core equipment. The dental market is extremely profitable Dentisty is extremely profitable and dentists make huge chucks of money and work part time lives. What makes dental great, is the limited value in large companies really wanting to focus on skimming pennies from a cottage industry. The Global dental business (at all levels) is apron 50 billion a year. Pennies comparing Amazon is 300 + billion. Silly to think Amazon cares about the outcome of this take over. They just need low hanging fruit to indirectly use Patterson to manager the relationships with dental manufactures. Once that relationship is shared with Amazon, Amazon will shake patterson dental off in a heart beat. This is bad for dental, bad for the dentist and the manufacturer will eat the burden. Amazon does not plan to service anyone. They just want to profit from the GOO!

 

amazon is a bad deal, bad for the doctor and the industry. Amazon could care less, just want the transaction. Patterson is making too many mistakes and will be out of dental (at least materials) before they know what hit them. Amazon is 300+billion verses a 2 bil dental company. REALLY! Patterson is way over their skis on this one. The only thing amazon wants is the relationship. They need an IN. Patterson will create the opening and then amazon will dump patterson in a heart beat. They are silly fools. Look at the management, they keep moving and removing the "brothers" the "old boys club" and have no idea what they really need to do to fix their problems. Dentists need to learn how to purchase! Saving 10% is not helping the doctor, they need to control their overhead by correct buying strategies. Patterson needs to educate their reps on how to manage the account, show value by helping the doctor control overhead by correct spending and inventory management, not saving 10% when they waste 30% of everything they purchase.

 

amazon is a bad deal, bad for the doctor and the industry. Amazon could care less, just want the transaction. Patterson is making too many mistakes and will be out of dental (at least materials) before they know what hit them. Amazon is 300+billion verses a 2 bil dental company. REALLY! Patterson is way over their skis on this one. The only thing amazon wants is the relationship. They need an IN. Patterson will create the opening and then amazon will dump patterson in a heart beat. They are silly fools. Look at the management, they keep moving and removing the "brothers" the "old boys club" and have no idea what they really need to do to fix their problems. Dentists need to learn how to purchase! Saving 10% is not helping the doctor, they need to control their overhead by correct buying strategies. Patterson needs to educate their reps on how to manage the account, show value by helping the doctor control overhead by correct spending and inventory management, not saving 10% when they waste 30% of everything they purchase.

 

Well, after the announcement this morning and the earnings report, they better hope a deal with Amazon is imminent because the stock is taking a nosedive. I'm sure everyone is shocked they fell short of expectations after cutting a third of the sales force.

 

So, this story dead in the water ??!

 

"My guess, this shit fizzles quickly after announced as the details don't pan out. "

Really. What's your guess for the Super Bowl 2019 halftime score ?

 

Ha! Don't even know who's playing!

 

Too funny for words.
Where is the big announcement?
No Amazon Patterson deal insight.
If you knew anything about how stupid Scott Anderson is then you know he floated this turd to save his ars after the announcement to drop the cerec exclusive sank the stock. The whole thing is about trying to interpret the random, undefined, scribbling of a research brokerage firms notes from a meeting with executives to formulate a report to give Patterson stock a rating of buy, sell or hold by this brokerage. If you ask me it borders on market manipulation. Little is said about who's notes they were exactly and if that person had any connection to Anderson personally. No matter. Too little, too late.
Loss after loss only equals "your fired". Not "Hello Amazon".

 

Wow. This makes complete sense now in hindsight. Starting a totally unsubstantiated rumor to artificially prop up a failing stock in an attempt to save his own ass. Explains why all the Regionals went around with the same lame corporate-approved slide deck continuing to perpetuate this weak rumor rather than putting it to rest. PDCO and AMZN never made any sense from the beginning. Just bring in someone who wants to fight and win today before it's too late. The troops have serious doubts over leadership as it stands.

 

Sell, sell, sell you bunch of pricks.


05/01/2017 Dave Misiak
President, Patterson Dental 589 Derivative/Non-derivative trans. at $44.41 per share. 26,157
04/26/2017 Dave Misiak
President, Patterson Dental 253 Derivative/Non-derivative trans. at $44.58 per share. 11,278
03/15/2017 James W. Wiltz
Director 10,000 Disposition at $45.52 per share. 455,200
03/09/2017 James W. Wiltz
Director 5,000 Disposition at $44.52 per share. 222,600
03/09/2017 James W. Wiltz
Director 5,000 Disposition at $44.52 per share. 222,600
03/02/2017 Ellen A. Rudnick
Director 3,000 Disposition at $45.7 per share. 137,100
03/02/2017 Dave Misiak
President, Patterson Dental 301 Disposition at $45.57 per share. 13,716
03/01/2017 James W. Wiltz
Director 10,000 Disposition at $45.65 per share. 456,500
02/28/2017 James W. Wiltz
Director 2,000 Disposition at $45.35 per share. 90,700
02/28/2017 James W. Wiltz
Director 3,000 Disposition at $45.4 per share. 136,200
02/28/2017 James W. Wiltz
Director 5,000 Disposition at $45.45 per share. 227,250
02/27/2017 James W. Wiltz
Director 30,000 Disposition at $45.25 per share.

 

Well there ya go. Someone sold some stock. Though it does make one wonder...

 

Sooooo, they make tons of money on personal stock sales (off options etc they were awarded through the hard work of the worker bees), are included in the Fortune 500 for the first time, allegedly turning a nice hefty profit though fire the CEO, but aren't going to fund ESOP?? Oh wait they are just only at .25% for 2017 fiscal?? Are you kidding me? Who are these clowns? And why are they at the helm of a large company? And pass the popcorn this is getting good.

 

Unreal. .25% ESOP contribution while paying Anderson out $860k+ cash per year to stay home through summer 2019 at which point severance of $1.1m kicks in. Above and beyond stock compensation. This would all be funny if we weren't riding the ship on its way down.

 

The rapid decline is stunning. How long will the loyalists stay, the tenured reps stay? How long?? Before it's finally over... before the market says enough. These asshats on the board and in the executive offices are beyond greedy beyond stupid. They'd have been better doing a few things, a) not making a big f**king deal of the Fortune 500 bit and b)Not giving anything on the ESOP. .25% is an insult. The announcement of the profits/revenue followed by the lack of ESOP?? Stunningly stupid, arrogant and even clumsy or???

 

"Tonight, We Ride!"