Thursday, September 2, 2010

Dog Daze Afternoon

Considering that these are the dog daze of summer, there has been much underground chatter heard on the street. For starters, TSB has heard that there has been some internal movement at ATEC. Difficult to tell whether it was an internal cleanse, or just someone's take on the situation. Not only is ATEC facing Class Action Lawsuits, but the FDA has been crawling around their orifice, or was that office.

A source confirmed today that Amedica has definitely dropped its pursuit in acquiring U.S. Spine as a result of too much baggage, in terms of debt. The asking price was probably totally unrealistic. I guess this opens up the potential for another early-growth stage company to enter the "I want to be acquired" race. TSB envisions a company that generates an estimated $8-$10 million in revenue, being offered 1.5X for their company. $12 - $15 million dollars sounds right. You know what Steve Miller sang, "take the money and run." TSB wonders whom our readers think would be a viable acquisition? If I were Amedica I would continue to focus on the recon market with their self=proclaimed super duper material, and sell off whatever they have in their spine portfolio.

Seems like there are some companies that are hanging on a shoes string. Applied Spine may be in some trouble along with anyone else looking to bring a dynamic stabilization system to the market. What ever happened to Eden Spine? Are they generating any revenue? Lastly, TSB finds it interesting that Stem Cells seem to be the topic du jour, most days on the OTW website, You know what they say about those financial people, they sure know how to be market makers, even if there is more fiction than truth. Is NuVasive heading for another bout with the insurance industry regarding XLIF? TSB's been watching that stock, and maybe there is some truth to the scuttlebutt on the Street.

As we approach the Labor Day Weekend, remember to fire up the Barbie, crack open a cold one and sing in unison, make the world go away. TSB wants to know what our readers think?


16 comments:

  1. Can you be more specific on "internal movement" at ATEC?

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  2. Seems like the Dynamic Duo could be in the process of being split up. As far back as a few weeks ago we heard that they were prepping the Hangman's Noose. In addition, there could be some movement in the Board of Directors. The market is interested in know what you know, remember, Don't shoot TSB, i'm just the Piano Player.

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  3. Lube and Billy are you referring too?

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  4. The redheaded redneck in FL should be running ATEC!

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  5. Amedica was on a hiring spree for reps because of this spine acquistion. Now what?

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  6. This was posted on another blog, yet, dated September 1 ,2010. I believe this would be relevant to some of what we have heard about ATEC.

    Anonymous Posted:

    In my 11-years of dealing with ATEC, I have seen 11-buyers, 7-directors, 27-engineers ALL from operations, engineering and purchasing leave the company. It's a rotating door - very unstable company. They still owe us and other suppliers $$$ - most stemming back to 2009. Whenever we introduced a new product, they always looked for a way to "copy" it knowing that we are a small(er) company and we don't have the resources to fight them. Not fun to deal with - never have been, never will.

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  7. Amedica will be looking at the next spine company to purchase. They aren't going anywhere.

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  8. Leave off the first sentence of "anonymous posted" and you have the EXACT same description of Bacterin. ATEC does not have a monopoly on naughty behaviour

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  9. Who are the Dynamic Duo @ ATEC you are referring to?

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  10. No dumb and dumber. Both losers..

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  11. why has nobody whistleblown the DOJ on the physician ownership distributor models Alphatec has in place all around the country? These can't be legal, right? Surgeons owning their own implant distributorships?? Why has nobody called the class action lawyers and brought this up to them?? Forget the overstated scientx numbers......the bigger issue is their deals with surgeons owning distributorships. Am I the only one aware of this?????

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  12. Why don't you pick up the phone and take the initiative and call them yourself?

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  13. I did not post the above however, i did spend several hours today to report them - with facts BOD!

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  14. The DOJ is already investigating ADAVEN the ATEC distributorship in St. Louis. Tony and Jamie watch out! Deana the PA needs to keep her kickbacks more secret.

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