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Shares of Intuitive Surgical (ISRG) get slammed in the post-session after warning of a big miss...

Shares of Intuitive Surgical (ISRG) get slammed in the post-session after warning of a big miss in Q2, with sales expected 8.8% below the $630M projected by analysts. The company blames reduced hospital admissions and insurance companies that are "encouraging conservative management and treatment in out patient settings." Shares -11.6% AH.
Comments (9)
  • lpcongas99
    , contributor
    Comments (129) | Send Message
     
    very glad i held small short position. this was coming
    8 Jul 2013, 07:30 PM Reply Like
  • Gary J
    , contributor
    Comments (3585) | Send Message
     
    The whole FDA thing foretold.
    8 Jul 2013, 09:48 PM Reply Like
  • lpcongas99
    , contributor
    Comments (129) | Send Message
     
    hearing crickets. again! Longs?! Gary J??

     

    Goldman Sachs;up yours
    8 Jul 2013, 09:49 PM Reply Like
  • hx88
    , contributor
    Comments (115) | Send Message
     
    is 425 a decent support?
    8 Jul 2013, 10:35 PM Reply Like
  • lpcongas99
    , contributor
    Comments (129) | Send Message
     
    "Goldman's analyst said in today's downgrade report. "In addition, management's commentary that payor's are starting to encourage more conservative care and as well as treatment in outpatient settings is a new dynamic that we had not previously contemplated in our thesis on the stock."
    ROFLMAO.........

     

    at least a dozen of folks hear mentioned this.
    9 Jul 2013, 07:13 AM Reply Like
  • csv26
    , contributor
    Comments (51) | Send Message
     
    Looks like it's time to double down. Anyone who thinks surgery (in general) isn't going robotic over the next decade is fooling himself.
    9 Jul 2013, 07:44 AM Reply Like
  • Gary J
    , contributor
    Comments (3585) | Send Message
     
    I cut back 50% after the FDA mess but I think you're right. It could be a dead in the water stock for quite a while though.
    9 Jul 2013, 09:00 AM Reply Like
  • csv26
    , contributor
    Comments (51) | Send Message
     
    Agree. I look at it with a long (very) term horizon. I expect it to be much, much higher in 5+ years.

     

    I'm curious to see if they go the route of so many other companies when faced with adversity to growth prospects and initiate a dividend/buyback.
    9 Jul 2013, 09:41 AM Reply Like
  • Gary J
    , contributor
    Comments (3585) | Send Message
     
    Well if they believe in themselves it seems they would do a buy back. Otherwise I think they are going to have to show a couple of good quarters to get moving again.
    9 Jul 2013, 08:30 PM Reply Like
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