This is very normal in stock market and not Medtronic related

Every medical device stock is down in the last one year. Tell me one stock that is not down. Edwards dropped like 10% just yesterday, JNJ is down 3% today. Stocks go up, stock go down that’s nothing new.

Yes Medtronic is impacted more because of the perfect storm created by China, Supply chain, Covid deaths and the hot pile of mess left underneath by Omar which GM is trying to fix

We are undergoing transformation for the last 3 years and are down from like 10 different supply chain organizations to 1 each. The fruits of that are about to show up now.

Demand for medical devices is back and every one of our competitor is posting 10% growth in this quarter. We will have good earnings in November. Darkest night is just before the dawn.

Having said that. Layoffs are nothing new, they have been happening since 2016. Don’t worry folks. Just keep working.

Meta was at $90 last year. Now it’s at $300

Comment! It's anonymous!

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Post ID: @OP+1piKQ7fi - are you joking? Compatriots FB.. do you even know how much their Cash flow is? FB has cash balance almost the size of entire MDT market cap.
Dummy

I wonder what happens when everyone stage a walk out....

Yep, he keeps fixing it with layoffs and promoting his mates that take him for a guiness in an Irish pub. Sc-mbag.

The gutting of benefits for 2024 is indicative of the bad shape this company is in.

@1hob+1piKQ7fi It's sad really. Constant posting about trying to improve health equity, but then turns around and makes healthcare unaffordable for your own employees. It's like bro, if you can't even provide health equity for your own employees, what do you think you can do for everyone else?

GM is working against us, don’t believe a word he says. I gave him the benefit of the doubt until this year but he has shown he has no plan and could care less if your family is having a hard time buying groceries. He’s pure sc-m.

Earnings have been leaked, no way the stock falls this much in a month without Wall Street being tipped off.

Sure sure Geoff. Don’t you have more important things to do then post nonsense on this website?

Geoff doesn’t know what he’s doing to Medtronic. The change from managing innovation for benefit to patients and doctors, to managing the financials is tearing the company apart and you see that in the stock price and the ohs scores and the employee retention drop.

"You're really comparing MDT to META?"

I think the CEO of TSLA is a closer approximation in psychopathy level

.....You're really comparing MDT to META? That's not a fallacy

@OP+1piKQ7fi, actually Boston Scientific and Abbott stock growth has been positive over the last 5 years. Medtronic's stock has been negative.
"Tell me one stock that is not down.” Boston Scientific. They seem to be doing better than MDT 🤔 we should go work there.

Geoff is trying to fix the mess? How many more decades does he need?

Sorry to break it to you... We aren't going to be at sales by 10%

"The fruits of that are about to show up now."

Lol

You must be Geoff himself

No, it's because of the board and greed.

Thread regarding Medtronic Inc. layoffs

This is very normal in stock market and not Medtronic related

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