Fearful when the sky was full of thunder, and tearful at the falling of a star
And the seasons they go round and round, like Healthpoints ponies they go up and down
You're captive on the Carousel of Spine, you can't return you can only look behind
From where you came and go round and round and round in the circle game.
Yes fellow bloggers, if word on the Street is true, Dirk Kuyper became another casualty at AlphaWreck. Do I hear $1.76 per share? Are there actually any buyers? TSB's recommendation is dump the stock and run. Ever since Les Cross was promoted to CEO and Dirk was demoted, it was just a matter of time before the old Healthpoint Sociopaths came to roost. What is it about this company? Considering that this dog has been dragging its tail for the last year or so, maybe Mr. EBITDA himself will be able to create a buzz considering this stock has underperformed (did I actually say that) ever since the underwriters pulled a fast one on the investing public. As Elias use to say, "the worm has turned." With vendors complaining about lack of payment, who knows maybe Healthpoint can lend them some money, but then on second thought, maybe not. Considering that the scuttlebutt was that they were doing business with PODS, its a wonder that the DOJ hasn't paid them a visit. In fairness to Dirk he wasn't a bad guy, he just worked for and with some crazy people. So in closing Dirk, remember you can't return you can only look behind and go round and round and round in the circle game,
"It's a bright horizon and your awaking, you will see yourself in a brand new way
The sun is shinin' the clouds are breaking, you can't lose now, there's no game to play"
Good Luck!
First
ReplyDeleteThird !
ReplyDeleteWhat a sleazy industry. Prostitutes have more ethics.
ReplyDeleteYou're giving hookers a bad name!
DeleteHow the HELL can you be a $200M me-too spine company selling through POD's and be losing money?!?
ReplyDeleteIf there are no criminal acts being committed by the "leadership", then surely there is criminal incompetence...
Because it is very difficult to make money as a spine company and they are run by idiots.
DeleteThey need to hire a real VP of Engineering who has a proven track record!
DeleteThe medical industry could steal cars, sell them and still lose money.
DeleteBecause for a fact that company spends money like it will never run out. I loved how they put higher priority into an executives office furniture than they do for prodcution.
DeleteCould this mean that Alphaturd is going to need to cut their consultant deals? Will those surgeons be willing to use once the money dries up? With zero innovation, these guys have to be on the radar, both alpha and the using surgeons.
ReplyDeleteAnd you know this how???
ReplyDeleteGlobus buys them right after going public.
ReplyDeletewhat about the S I Bone lay offs?
ReplyDeletetell me more
DeleteSI Bone another now you see it now you don't
DeleteSo, what is the deal? are they laying people off or not? i thought they were hiring?
Deletei know they are in my area...
They fired half of their sales force. one out of two reps in Chicago is gone! 6 months and bye bye
Deleteculling those who aren't worth their salt. need to prep for take over so integration is easier with big player's existing sales force. this doesn't mean SIB will be leaving the playing field, they are making far too much money, more than most spine companies who have been around for much longer.
DeleteDirk Kuyper has the poop Midas touch everywhere he goes. Reminds me of that other 80 year old CEO in spine who used to hop from company to company ruining them, drawing a blank on his name.
ReplyDeleteDoes "Like a Million" ring a bell?
Deleteyou're thinking of Paul Sendro
Deleteno, it's Lew Bennett
DeleteActually Lew's new moniker is "I feel like an old man" LMAO
DeleteYou're wrong his new moniker is I'm old, senile, incontinent and I can't get up
Deleteis he still pres at Custom Spine?
Deletecustom spine is still around? mahmoud is one of the most inarticulate socially awkward execs i've ever met. he had to bring an 80 year old to add more spice to his presentation. an EIGHTY YEAR OLD! what does that tell you?
DeleteActually Dr. McClellan a surgeon investor brought in Lew Bennett, another reason why surgeons should stick to operating and not playing businessman. I sold for Custom at best another me too company going nowhere, they got rid of us and McClellan hired a scrub tech, why would anyone sell their shitty product?
Deletecustom spine, really? what exactly is custom about them? me-too spine is more apt. their portfolio is anchored by a pedicle screw system. ANOTHER PEDICLE SCREW!! Who cares? Is Lew Bennett even relevant anymore? Does he know how to use a computer?
DeleteWhat ever happened to Stephen "sweet pants" Kenely?
ReplyDeleteAlphatech has been and always will be a hoax spine company. Remember, the Company's name is "Alphatech Holdings." That includes manufacturing and distribution and other entitities. Look at their P&L. The gross profit margin is around 58%. That is why they do not make money. But some other entitity within the "holdings" is making money and it is not shareholders. The traditional gross profit margins in the industry are at least 75% if not higher. Alphatech was set up this way and will always be this way. It is a hoax.
ReplyDelete12:36 you are correct, Aturd is a hoax of a company but gross profits of 58% is exceptional when comparing spine to other industries. Not make money? Maybe someone is siphoning money out of the company. As an OEM who use to deal with Aturd, never again. Hoax? No!
DeleteA Joke of a company? Yes The stock should be traded on the pink sheet
Closed at $1.69
ReplyDeleteStephen. Ha! He sure did look purdy in the fancy socks he used to wear.
ReplyDeleteWhat's he up to? Still running like a rabbit on speed. This way, that way, upside down... The dude couldn't stay focused for more than 2 seconds - literally.
12:36
ReplyDeleteThat is interesting? Is Nuvasive like that? Globus?
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ReplyDeleteGlobus will officially be ringing that NYSE bell today at 9... Public it is!
ReplyDeleteGuess you were totally wrong
DeleteIt always makes me laugh....an Alphatec story on TSB never illicits more than a few responses. I guess that's an industry wide YAWN. When will they just put themselves out of their misery?
ReplyDeleteOff topic but a worthy note regarding FDA/ CDRH Deputy Director of Science and NO friend of Industry. KARMA
ReplyDeletehttp://www.fiercemedicaldevices.com/story/fdas-bill-maisel-arrested-prostitution-sting/2012-08-01?utm_medium=nl&utm_source=internal
Has anyone ever heard of/seen a POD with Zavation Spine?
ReplyDeleteYa isn't Jafar from Aladdin a principal? JOKE.
DeleteGlobus Medical, which sells spine implants to hospitals for use in surgical procedures, lowered the proposed deal size for its upcoming IPO on Thursday. The Audubon, PA-based company now plans to raise $104 million by offering 8.3 million shares (75% insider) at a price range of $12.00 to $13.00. The company had previously filed to offer 11.8 million shares at a range of $16.00 to $18.00. At the midpoint of the revised range, Globus Medical will raise -48% fewer proceeds than previously anticipated. Globus Medical, which was founded in 2003 and booked $348 million in sales for the 12 months ended 3/31/2012, plans to list on the NYSE under the symbol GMED. BofA Merrill Lynch, Goldman Sachs and Piper Jaffray are the joint bookrunners on the deal.
ReplyDeleteRead more: http://community.nasdaq.com/News/2012-08/globus-medical-halves-proposed-ipo-deal-size.aspx?storyid=160919#ixzz22QhsFwIr
Two members of Medronic's board of directors are with Goldman Sachs.
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DeleteI smell another terrible IPO....ATEC part II. This was the same set of events which happened to ATEC, lowering their initial offering price as a despirate measure just to make it to the public offering. My prediction is $13 to 3 in 3 months....Time to start picking up the doc's cashing out on their stock and company ties.
ReplyDeleteDoes that mean a $100 Million market cap for a company with nearly $350 Million in sales?
ReplyDeleteThat's what happens when you've consistently lost money quarter after quarter year after year. Consistently underperformed your competitors, consistently missed your numbers. Alphatec is not just a lousy spine company, but an awful company period by any reasonable measure.
DeleteWithout fundamental changes, ATEC cannot and will not continue as a going concern. The board has finally fired the CEO, but that's just the tip of the iceberg of the management incompetence and culture of mediocrity.
I think they have capital already, from previously placed private shares. So maybe a $200 million market cap for a company with $350 million in sales?
ReplyDeleteGlobus is offering a reverse stock split. Every 3.25 shares now will be worth 1 share. This cant be good news for all the boys who thought they would get rich quick.
ReplyDeletehttp://www.businesswire.com/news/home/20120731006616/en/Globus-Medical-Announces-1-for-3.25-Reverse-Stock-Split
Can you say diluted? I said they were and everyone said they had great financials. No, you really don't have that good of financials if your profitable with 300 million in sales and 300 million in shares. That is a share for every dollar in sales. Don't try and tell the experts on here that. If Facebook bombed who as a decided market advantage, leadership position, brand and billion in sales a quarter (remember they just bought a company and paid a billion in cash) the only people that thought Globus would do well are the Globus employees and some of the idiots on this blog. Globus a rockstar, hell they aren't even a pimple on the gigantic bloated ass of healthcare. All going public will do for them is expose them, open them up for lawsuits and make them a target for acquisitions/take overs. I guess David Paul will have to wait to retire a billionaire. Maybe Mark Zuckerburg can give him a billion of the 7.2 billion he lost the other day.
ReplyDeleteGMED: opened at $13.10, low $13.06, high $14.65, last $14.03.
ReplyDeleteThe next Apple, or the next Faceplant?
Down to $13.50. Had a bump in early trading from all the GMED employees who thought they were going to get rich and all the day traders putting some cash on an IPO stock. After the fools money ran out it is a decided downward trend. I have been the harshest critic of Globus but I wish the company I represented launched 12-15 new products a year and had 20%+ growth. Globus is no ATEC but they aren't AAPL either.
DeleteGlobus is public. Peaked at 14.65 and the slow crawl downward begins...13.99 already and counting.
ReplyDeleteMedtronic reps are going around telling hospitals that they are coming out with something that will "change the industry". Any idea what this groundbreaking technology is?
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DeleteI thought that was the Ohio RVP?
DeleteI am betting they are either coming out with....
Delete1) Teleporter - they will teleport cash directly to their surgeon's wallets with no discernible trace.
2) O-Face to go along with their O-Arm, so they can give their arm's a rest.
3) 17th Pedicle Screw system
Either way it is hasta la vista PODs.
Lies and deception. They remain desperate giving away O-Arms dropping their pants and strong arming compliance. But in the end the sales reps will feel it in their pay checks. Hey, it's a job.
ReplyDelete9:42 just made the statement of the year, folks:
ReplyDelete"the only people that thought Globus would do well are the Globus employees and some of the idiots on this blog. Globus a rockstar, hell they aren't even a pimple on the gigantic bloated ass of healthcare"
Open market = Clearsil for pimples
DeleteHow can a share price go down when there was a reverse split? I do not understand? The IPO was $16-$18 then there was a 3.25 to 1 reverse split and the shares were worth $12.00. I do not get it?
ReplyDeleteThat's correct, you do not get it. It's very simple for anyone in the securities business, but not for most morons on this board. Such as youself.
DeleteLast I checked this blog had little to do with the securities business A-hole. The guy is probably a rep and asked a legit question. If you're such a know it all at least answer it. I bet most of the spine related questions posed on here are equally confusing to someone in the securities business.
DeleteDon't be a tool and don't be a troll.
what's GMED down to now?
ReplyDelete13.71
DeleteD. Paul,
DeleteSell your shares, when it get's down to 2.00 well buy them back, inflate earnings and make a killing. Oh, that was already your plan.
OK, you caught me....but hey, what can you do about it? You'll make some money...I'll make some money. Everyone is happy
DeleteAlphawreck is almost as boring as Lanx... Loser companies shuffelling the deck chairs on the Titanic
ReplyDeleteGlobus has a Code of Ethics and Compliance link on their website I need to LMAOOL
ReplyDeleteOne can't polish a turd.
DeleteI'm sure you've spent a lot of time trying.
DeleteATEC earnings coming out Tuesday!!!!!!
ReplyDeleteBetter buy up on Monday Boys!!!!
ATEC=Dirk Kuyper good guy stuck in middle from healthpoint.
ReplyDeleteGLIF-bust
Solus- bust
VP/R&D-100 mph but nothing done
Scientx deal-stupid and contributor to low stock
Manufacturing-cost them too much
Hiscock to Simmons to Kuyper-hmmmm' can healthpoint get it right?
They should have never gone public & Globust will follow that path.
Paying MD's-less than other players do
$13.54
ReplyDeleteNo cigars tonight.
The ignorance of the people on this board is embarrassing to the industry. They are certainly smoking cigars at Globus tonight. This IPOD was an unmitigated success. The company raised about 30 Million in cash, with an option on another $15M in 30 days. The offering was oversubscribed. The trading volume was great, nearly 4 million shares. That kind of trading volume bodes well for future liquidity. Now, the biggest reason for glee at Globus? Inside shareholders sold over EIGHTY MILLION in stock today into this offering. And you thought they only made the difference between the opening price and the closing price? Geezus, they are smoking huge cigars at Globus tonight. While you and your brethren, who are 1000 light years from understanding the process, much less ever being able to pull it off, are pontificating about nothing, in between masturbatory porno sessions. Keep it up, it's sex with someone you love and may be something you are actually good at.
ReplyDeleteHey genius Globus got half as much money as they wanted to and had to do a reverse split to keep their price per share artificially high. We will see if it stays that high as my bet and continues to drop. $6.00 - $10.00 a sharen is my prediction on where it will settle for a while until they are bought. They are not Alphatec or Apple.
DeleteRight, David
ReplyDeleteGo ahead with those Cigars, Globus boys.... Freud said " Sometimes" a cigar is just a cigar...
ReplyDeleteIt is sure a great day for DP and a few VPs. DP himself cashed $30 million on Day 1 (8% of his shares). ~$1-1.5 million for each of 8 VPs.
ReplyDeletenot much for the other Globus or ex-globus guys. For those who have options >$2/share (before 3.25 reverse split), you could lose money if Medtronic strikes again. Just look at Nuvasive.
I am not surprised that that d.p. and his wannabe's would leave everyone else in the dust. He is the most sleazy individual I have ever worked for. I am astonished that he has not been thrown in jail for his and department managers questionable ethics and activities as his Synthes brethren. Good luck to you that remain at globus.
DeleteI think Kelly Clarkson said it best in her 1999 hit single mo' money mo' problems when she said, " Loaded like a freight train Flyin' like an aeroplane Speedin' like a space brain One more time tonight"
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DeleteMcAfee will not be happy about the reverse split..he has 1 million gmed shares according to his disclosure.
ReplyDeleteDon't worry Drama Queen Weepy McAfee will survive the dp shuffle. He is a cling-on to many other med device companies.
DeleteHere's what would be truly interesting. Give all of you(us) the ability to sell from any provider, level all the pricing, and see what products would actually be presented. The anti company BS is just that a pathetic attempt to lash out. Someone somewhere stole your business and you're pissed. What's best for the patient should ALWAYS be #1! regardless. That I do not see here!!!
ReplyDelete