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Shares of Intuitive Surgical (ISRG -2.2%) dip on a Citron Research report claiming the company...

Shares of Intuitive Surgical (ISRG -2.2%) dip on a Citron Research report claiming the company has made "outrageous marketing claims" that leave it exposed to legal backlash. It goes on to accuse the robotic surgical device maker of failing to adequately disclose the number fatalities and injuries due to da Vinci procedures, and the actual reasons for "such adverse outcomes."
Comments (4)
  • buyitcheap
    , contributor
    Comments (1848) | Send Message
     
    This may be what prompts a DOJ or IG investigation for false claims, if so that's going to put huge pressure on this company.
    17 Jan 2013, 11:26 AM Reply Like
  • flipcor1
    , contributor
    Comment (1) | Send Message
     
    We've seen this before with ISRG. It's the short-sellers who are making the false claims, not ISRG. If you read up on this, you'll see this is a bunch of malarky. And not new, either.
    17 Jan 2013, 02:08 PM Reply Like
  • tonyconnolly
    , contributor
    Comments (108) | Send Message
     
    Two choices here
    1 - Stick with ISRG and hope this a storm in a teacup, that short sellers are just trying to scare you out of a great company!
    2 - Take profits here....Even great companies have set backs...Apple recently dropped from $700 to $500 for little apparent reason. Best to always remember a profit isn't a profit until you closed the trade and the money is in your bank. I don't have any axe to grind...but follow ISRG as an interesting growth play. Before making any rash decisions, it's worth reading the above highlighted Citron report.....and take it's findings with a pinch of salt.tc
    17 Jan 2013, 04:20 PM Reply Like
  • paulcoleman
    , contributor
    Comment (1) | Send Message
     
    I was a patient in which the DaVinci was used in a procedure that usually requires blood transfusion due to blood loss. Blood loss with the DaVinci was minimal, no transfusion was needed and I felt so good the day after abdominal surgery I had to be prevented from going to work. Others I have spoken to who had similar surgery using conventional methods spoke of pain, long bed confinements, etc. DaVinci procedures cost more, but save hospitalization time, transfusions and means quicker recovery.
    18 Jan 2013, 12:08 AM Reply Like
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