PSC Improvements

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anonymous

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DOGE Hot take - Put VP of Sales "Disablement" on a PIP Day 1, recruit a single Amazon Engineer to fix the laughable eCommerce website and SEO, scrap Fuse and everything associated with it entirely, buy Curve. Follow me for more easy and delicious recipes.
 








anonymous said:
DOGE Hot take - Put VP of Sales "Disablement" on a PIP Day 1, recruit a single Amazon Engineer to fix the laughable eCommerce website and SEO, scrap Fuse and everything associated with it entirely, buy Curve. Follow me for more easy and delicious recipes.
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We Are Stuck with Fuse … regardless of the problems
 






anonymous said:
Agreed, the $80M the Wizards Of Oz spent on Fuse was written off finally, the new private ownership has no obligation to keep it.
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software makes up a huge chunk of the profits. No software, so we go back to selling merch and equipment only? Yikes, would hate to see what that does to the financials and comp plan. And headcount.
 


anonymous said:
software makes up a huge chunk of the profits. No software, so we go back to selling merch and equipment only? Yikes, would hate to see what that does to the financials and comp plan. And headcount.
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Just cut Fuze, not software sales. Take some PE cash and acquire a proven player in the cloud space and their recurring subscription model. It's obvious ours doesn't work. With a combined $40m in cash going directly to PDCO execs past and present (read proxy statement), it would appear PSC has liquidity to buy something that actually performs.
 


anonymous said:
Just cut Fuze, not software sales. Take some PE cash and acquire a proven player in the cloud space and their recurring subscription model. It's obvious ours doesn't work. With a combined $40m in cash going directly to PDCO execs past and present (read proxy statement), it would appear PSC has liquidity to buy something that actually performs.
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Let's not confuse Fuse with software that works. For the company to lose revenue if they shut it down would mean they are actually selling it which is not the case. And the $40M to the people that totally fucked up a once awesome company that's just gross.
 




anonymous said:
PSC can improve us by motivating the sales force with a better compensation plan. Period.
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Agreed. Bad timing and worse optics to have solid legacy producers going to work for the competition. Let's not pretend it isn't happening right now. This is still a relationship business. Fix the comp plan or standby for the continued migration. Signing bonuses and guarantees look more attractive in the absence of communication.
 


When you dont have to buy back shares or pay out dividens, that leaves a lot of profit on the tables. Compliance will relax not being publicly traded, monies available will go back to the business/employees and not the nasdaq investors, i do not see how going private is a bad thing. Focusing on the long term growth and not living and dying by each quarter is a game changer.
 


anonymous said:
When you dont have to buy back shares or pay out dividens, that leaves a lot of profit on the tables. Compliance will relax not being publicly traded, monies available will go back to the business/employees and not the nasdaq investors, i do not see how going private is a bad thing. Focusing on the long term growth and not living and dying by each quarter is a game changer.
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No doubt. As soon as the sale closes, we're all hopeful they turn attention toward the comp plan. The competition is systematically taking long term Patterson reps and their business. This needs to stop.
 






anonymous said:
PE may not have to pay shareholders, but they demand higher returns. Which means cost cutting.
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I do not think that will be the case at the rep level. Once they understand how relationship driven this business is, I think they take care of the reps. Too much for them at risk not to. I have no doubt they understand if the reps are effected, they will and can leave for anywhere else and take the business with them, who would take that gamble?
 


anonymous said:
When you dont have to buy back shares or pay out dividens, that leaves a lot of profit on the tables. Compliance will relax not being publicly traded, monies available will go back to the business/employees and not the nasdaq investors, i do not see how going private is a bad thing. Focusing on the long term growth and not living and dying by each quarter is a game changer.
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Don’t be delusional. Private Equity needs to get their investment back… typically within three years. They are paying such a premium for us that they are going to squeeze the turnip until nothing is left. Base/bonus is coming our way, cuts, cuts, cuts and more cuts. The mismanagement from years finally caught up to us. I am heading to a family run company because the last five years I’ve got I want stability! Going to get paid on my stock first.
 


anonymous said:
Don’t be delusional. Private Equity needs to get their investment back… typically within three years. They are paying such a premium for us that they are going to squeeze the turnip until nothing is left. Base/bonus is coming our way, cuts, cuts, cuts and more cuts. The mismanagement from years finally caught up to us. I am heading to a family run company because the last five years I’ve got I want stability! Going to get paid on my stock first.
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I was not looking( but had calls in the last two weeks from competitors offering better pay. I will wait and see what’s rolled out in May and decide.
 


Don't delay, act now! If you're getting offers now, I wouldn't wait until the majority of your sales team is also looking. They can only take so many rats fleeing a sinking ship.
 



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