"This year will be challenging for our entire industry, as many drivers of our business remain uncertain," said Jack Cumming, Chairman and Chief Executive Officer. "The severe and rapid economic downturn, result[ed] in a decline in hospital spending ... we witnessed an unprecedented decline in demand for capital equipment at the end of the quarter ... Hospital systems across the country have responded to tightening access to capital by restricting capital expenditures, implementing tight spending controls and reducing personnel."
Alstrynomics warned you this was coming. More and more losing their jobs. Fewer and fewer can afford healthcare. Revenues to hospital systems evaporating along with everything else. Gold crashing. Oil crashing. Welcome to the Alstrynomic concept of concentric contraction......there have been a few blogs on the subject in the past.
You should be on notice...if you are not profiting....hopefully you have protected yourself. The ride will be a doozy.....and when this bottoms out.....expect deals like you have never seen before.
Concentric Contraction has arrived and is hitting the shore with full force. The only other major sector left is government......other sectors are in a depression or almost in a depression(10% drop from peak to trough) we could have millions of layoffs in government alone...even factoring the Obama plan.......
the impact will be profound....but hopefully you are prepared......if there can even be such preparation.