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A recent article pointed out that Intuitive Surgical's (ISRG) growth is slowing down pointing to 2012 estimates being below 2011 actuals which were significantly below 2010 actuals.

Lets plot what this slowdown really looks like:

EPS in $/share (click to enlarge)intuitive surgical eps growth

So the major contributor to the stellar growth in 2010 was a dismal Q1 2009. EPS was 16% in 2009, 61% in 2010 and 29% in 2011 giving us an average of about 35%. So a 2012 growth rate of 14-21% would be a slowdown. However Intuitive Surgical generally beats estimates. If Intuitive EPS stays with this trend, the predicted Q2 2012 would be $4.

However, I agree with the widely held opinion, including that of the company itself, that the stock is currently overvalued and wait for a correction to buy. I'm not selling right now though.

Source: Intuitive Surgical: Is Growth Really Slowing?