Intuitive Surgical Dips Below $100

One of the last bastions of the '02-'07 bull market has broken below $100 Wednesday evening after lowering guidance. Intuitive Surgical (ISRG), the maker of robotic surgical equipment, rallied 2,479% from the 10/9/02 market low to its peak in 2008.

Since its high, ISRG has declined from $350+ to its current price of $98 in after hours trading. Investors reminiscing about the good ole days of the last bull market no doubt remember the daily rallies in Intuitive Surgical. Back in the day you would be hard pressed to lose money on the long side with this stock. Now, it's just a train wreck.

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Comments

[donzoab:]

Nice to point this information out but useless without some rational thoughts or analysis behind it.?? I could post this same info on many companies stocks these days. Take some time to analyze the future of ISRG and their breakthrough technology and evaluate whether this is now a screaming buy, hold or sell for investors. Is there a long term market anymore?? More hospitals are turning to Da Vinci robots every month and surgeries are increasing. They have a great recurring revenue model. This company will survive as they have plenty of cash, fcf and recurring revenue. Please dig deeper

Jan 08 08:34 AM

[ace22:]

NOT TO MENTION NO DEBT

Jan 08 09:07 AM

[Wolfhounds:]

Amen to both comments above. 4th quarter came in at the low end of company estimates - revenue up 22%. How many companies are posting those type of numbers these days. Even with 2009 company forecasts diminished, sales are projected to rise 15%. Yes down from lofty Wall St expectations, but clearly a sign of good health in a world wide sick economy. I have been buying small lots since $125 and see this as a gift from heaven.

To the author: Nice chart. Why I don't look at charts.

Jan 08 09:40 AM

[User 333732:]

I own the stock, tell me something I don't already know.

Jan 08 02:55 PM

[PauvrePapillon:]

ISRG did fine until Cramer recommended it.

I know, post hoc ergo propter hoc but this does happen quite a bit, doesn't it? I mean Cramer, trying to jump on a trend, pulls the trigger on old news and gets his listeners hung out to dry.

Here is evidence of a trend that not everybody and their brother is onto but, of course, Cramer will wait until after the big move and then move his minyons in at just the wrong entry point.

Hospital puts off building renovations to buy CyberKnife

Margaret Sabin, chief executive officer at Penrose-St. Francis Health Centers, said, “We are buying a new CyberKnife program for the cancer center. We decided that that program directly benefited patients — it is state of the art technology. But to do it, we had to put off some building renovations. We decided to focus on health care and patient needs — the rest we’ll make do without.”

www.csbj.com/story.cfm...

Jan 08 08:28 PM

[mkreisel:]

Fundamentally speaking, ISRG is still fine. Its CEO still expects growth of 15% during this year, amid a depression!

But a P/E of 100 reached in 2007 was just too much for a bear market.

Jan 10 09:53 PM