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Stock Slump

Discussion in 'Patterson Dental Supply' started by anonymous, Aug 6, 2019 at 10:05 AM.

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  1. anonymous

    anonymous Guest

    I remember Pete speaking to a group of branches at a DC. Balls to the wall, straight up, honest, he was a great man. God help us now, although I think it is too late.
     

  2. anonymous

    anonymous Guest

    So what advice would you give those of us tenured loyal employees still here? 30 years in as well. Strong customer base and strong sales. Stay or go? Sell our stock and move on or hope for a buyout?
     
  3. anonymous

    anonymous Guest

    Tough decision considering the stock is down so much and you probably have quite a few shares being there for 30 years. Right now it’s a crap shoot. I left when the stock was in the 40’s and cashed out. I went to another company and have been very happy but my timing was good. I still have some shares of pdco ( not many) and am waiting to see if I can make some dollars on a buy out. I wish you and others in your position the best of luck and hope a buy out happens and you can make up some or all the losses.
     
  4. anonymous

    anonymous Guest

    sell your strong customer base to competition, get best conditions possible.
    dental is downhill anyway.
    wishful thinking about buyout, you are not getting $40 stock, you'll be lucky to have $25.
     
  5. anonymous

    anonymous Guest

    Mark Walchirk: I think as we’ve indicated previously, the trend of our private label business within Dental in terms of growing faster than our overall consumables business, that actually continued in the quarter. We continue to focus strongly on that area. We continue to look at opportunities to introduce new products. We continue to incent our field sales organization. We continue to work closely with the manufacturers to drive great value there from a supply chain standpoint. And again, our private label business in Dental continues to grow faster on a year-over-year basis than our overall consumables segment and that’s certainly something that we expect to continue and certainly help contribute to some of the improved mix and margin profile from our Dental business that we referenced earlier.
    +++++++++++++++++++++++++++++++++++++++++++++++++++
    Strange how units are up but retail is down with all these private label sales. Does the marketing department have a functioning calculator when they are setting pricing/strategy?
     
  6. anonymous

    anonymous Guest

    Just more propaganda from above. Not much else he (they) can say.
     
  7. anonymous

    anonymous Guest

    Ann Gugino
    Target, Senior Vice President, Financial Planning Analysis,
     
  8. anonymous

    anonymous Guest

    Really? Ann, you’re not qualified to work the returns counter.

    Watch that stock plummet too.
     
  9. anonymous

    anonymous Guest

    She came from Target, you'd have thought they would have learned their lesson the first time around.
     
  10. anonymous

    anonymous Guest

    Would have been great had she stayed at Target and not taken the time to dismember Patterson as part of the legion of doom.
     
  11. anonymous

    anonymous Guest

    My suggestion is don’t watch! It’s not going to get better anytime soon and extremely doubtful that it will ever recover. Once was a great company with great leadership. Such a shame what a few inept morons could do and now this new leadership has no handle on the business or the future. So sad.
     
  12. anonymous

    anonymous Guest

     
  13. anonymous

    anonymous Guest

     
  14. anonymous

    anonymous Guest

    Are you high?!!!
     
  15. anonymous

    anonymous Guest

    I was there 20+ and got out just in time. It's sad, I loved that company when I started.