Q2




Seems like Wright might be falling on its face with Barry R on board, greedy ninja


Article written about WMGI yesterday: 'According to the last reported balance sheet, Wright Medical Group had liabilities of US$857.0m due within 12 months, and liabilities of US$999.7m due beyond 12 months. Offsetting these obligations, it had cash of US$150.6m as well as receivables valued at US$139.7m due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$1.57b."

Translation: We are fucked unless we 1. slash costs (impossible at this point without total revolution of operations) or 2. introduce SEVERAL new products to increase cash flow (also impossible based on timeline).

This is a company propped up on false hope to drive the stock price. Now that it's a concern to investors, this house of cards is about to fall.

Sad, but true.
 











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