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Intuitive Surgical (ISRG +8.8%) is the S&P 500's top gainer after its Q1 earnings beat...

Intuitive Surgical (ISRG +8.8%) is the S&P 500's top gainer after its Q1 earnings beat yesterday and guidance that topped Street forecasts, prompting analysts to increase their price targets.
Comments (5)
  • Nothing like lemmings telling you to buy at the top! 12.5XSales, 34XCF, 41X 2012 est earnings
    Probably same guys from 1999
    18 Apr 2012, 10:43 AM Reply Like
  • Did any of that stop the stock from making long time holders several hundreds of percent? No. The reason is true market leaders, the ones that make you the most money, don't trade at normal multiples. Multiples have shown to have no influence on project-ability of market leaders.
    18 Apr 2012, 12:42 PM Reply Like
  • From the earnings call transcript. This is the CEO trying to say as "PC" as possible that he thinks the stock price is a bit high. Maybe he's right short term, but I'm not selling any of mine...

     

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    Frederick A. Wise - Leerink Swann LLC, Research Division

     

    Yes. And a last quick one. You mentioned no stock buybacks in either the fourth quarter or the first quarter. I don't know how to ask it other than rudely: Why not? What are you -- what are the factors that would -- might drive that process?

     

    Gary S. Guthart

     

    I -- Warren Buffet wrote in his shareholder letter something on this point that I thought was great, and I'll just quote it for you. He says he looks for 2 conditions to be satisfied for buy back stock, and I'll quote him: "first, the company has ample funds to take care of the operational and liquidity needs of its business; second, its stock is selling at a material discount, so the company's intrinsic business value, conservatively calculated." I think he said it right. I think we're happy to emulate his behavior there. And that's how we think about it.
    18 Apr 2012, 10:48 AM Reply Like
  • this has got netflix written all over it. once hospitals realize that they are getting pulled into a simple marketing ponzi, game's up
    18 Apr 2012, 10:56 AM Reply Like
  • I love the stock, but did take 25% off the table while up $47 today
    18 Apr 2012, 11:23 PM Reply Like
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