Seeking Alpha

kluge00

kluge00
Send Message
View as an RSS Feed
View kluge00's Comments BY TICKER:
Latest  |  Highest rated
  • Is Intuitive Surgical Still A Good Investment? [View article]
    Don't understand your first sentence? I was just saying that ISRG has a huge amount of latitude in pricing, they have a virtual monopoly so they do not have to negotiate on price. But, if DaVinci IS ever sold on Amazon I am sure your astute view on the way companies do business for big ticket items will come into effect.
    Aug 3, 2014. 08:19 AM | Likes Like |Link to Comment
  • Is Intuitive Surgical Still A Good Investment? [View article]
    ISRG has 60% plus margin, they could eat the entire 2.5% tax and it would barely be noticed. I think they are splitting it down the middle though, judging by the slight drop in margin in the last 10Q.
    Aug 1, 2014. 07:39 AM | 1 Like Like |Link to Comment
  • Is Intuitive Surgical Still A Good Investment? [View article]
    Gary, if someone is going to not buy a DaVinci because of a 2.5% tax (representing a 45k increase in price) or not get an operation for the same reason (a 40-50 dollar increase in instruments per operation) then there is a much bigger problem than you talk about. If DaVinci is truly needed and is better than the alternative then 2.5% is just noise.
    Jul 30, 2014. 03:34 PM | Likes Like |Link to Comment
  • Intuitive Surgical's (ISRG) CEO Gary Guthart on Q2 2014 Results - Earnings Call Transcript [View article]
    To use your example it appears this guy Trademarked the name Oreo but never made a cookie, or any other product that the trademarked name was attached to, and now he is trying to get money from ISRG to use his trademarked name.
    Jul 24, 2014. 07:36 PM | Likes Like |Link to Comment
  • Intuitive Surgical's (ISRG) CEO Gary Guthart on Q2 2014 Results - Earnings Call Transcript [View article]
    I can understand the trademark case but I fail to see theft of Intellectual Property. What Intellectual Property have they stolen? By trademarking a name without any technology behind it wouldn't that make you a trademark troll?
    Jul 23, 2014. 08:26 AM | Likes Like |Link to Comment
  • Rise Of The Machines: Why A Robot May Be Your Next Surgeon, And How You Can Benefit [View article]
    You also must realize that most institutions have rules that they will not buy stocks priced below $5.00 also, how is it good to have millions of warrants to sell stock way below the current asking price? Generally when people exercise warrants they immediately sell, how will that make the price increase? Having warrants hanging over your head does not sound like a good thing.

    Perhaps I will be a believer but there is tons of time once the company shows some income.
    Jul 3, 2014. 09:40 AM | Likes Like |Link to Comment
  • Rise Of The Machines: Why A Robot May Be Your Next Surgeon, And How You Can Benefit [View article]
    Sorry, I am not a day trader. Also, few companies whose stock trades for below $5 ever exceed that number... this stock is very risky right now. I need numbers and not speculation in order to evaluate the worth of this company. The only way to invest in a company like this is to do it as a venture capitalist and get the stock in a block for way less than the market price, then run up the stock and dump it on some poor unsuspecting investor, as might be happening now. There is absolutely no reason for the stock to have increased 47% in less than a week, other than these 2 articles. I hope Titan does well, they may find a niche market, although appendix removal seems like a pretty simple surgery to use a machine even as cheap as Titan says it will be. Also, the camera seems quite large on Titan machine I hope they have plans to make it a lot smaller.
    Jun 24, 2014. 01:10 PM | Likes Like |Link to Comment
  • Rise Of The Machines: Why A Robot May Be Your Next Surgeon, And How You Can Benefit [View article]
    You mention a lot of surgeries when compared to Da Vinci when you say how much possibility this company has but I believe I read on their website that "Titan plans to target general surgery (gall bladder and appendix removal) and ear, nose and throat procedures", so the number of surgeries which this will be used for is somewhat smaller than the number you describe. Regardless, there is no need to jump in right now, there will be plenty of time to buy shares when and if they ever start to make money.
    Jun 24, 2014. 07:57 AM | Likes Like |Link to Comment
  • How Titan Medical Is Going To Revolutionize The Surgical Robotics Industry [View article]
    A patent lasts 17 years so you are referring to patents awarded in 1999, ISRG has about a thousand patents, a few I am sure, will expire in 2016.... but I am pretty sure they have been awarded at least one patent since 1999.
    Jun 1, 2014. 09:48 AM | Likes Like |Link to Comment
  • How Titan Medical Is Going To Revolutionize The Surgical Robotics Industry [View article]
    I believe the FDA only grants approvals once per year, in March. Starting approval process in 2H 15 makes a pretty tight schedule to get it all done by March 16, software for Medical use gets a lot of scrutiny and needs a lot of documentation. If they miss approval in March 16 the next window is March 17.
    May 30, 2014. 07:57 AM | 1 Like Like |Link to Comment
  • How Titan Medical Is Going To Revolutionize The Surgical Robotics Industry [View article]
    Intuitive has a huge head start and a lot of patents, Titan still has to get FDA approval which is not going to happen overnight, figure at least a year past 2H 15 if all goes without a hitch. Also, you mention a 'Burn Rate', is this per week, month, quarter, year? If it is per month that means they are going through ~7.5MM per year at this rate, pretty low considering they are developing a new piece of equipment, what is dedicated to R&D, 30%? or 2.5MM per year. ISRG spends 40MM per quarter on R&D. Also, you say they have 16,000 lines of code, as an engineer and software developer for robotic equipment and radars I would expect at least 10x that amount for a finished product of this complexity.
    May 29, 2014. 06:10 PM | 2 Likes Like |Link to Comment
  • To The Bone: There Is More Pain Ahead For Intuitive Surgical [View article]
    Since you will not read the CC Transcript I will post from page 8, the person who mentioned that Power Morcellation was a factor misspoke and Gary corrected ..

    Tycho Peterson - JPMorgan
    Thanks. I just want to understand the guidance revision on procedures specifically around the issue of morcellation which as you called out does not, you do not sell power morcellation products, but in the revised guidance you did call that out as a factor. So, can you maybe just talk about how you see that impacting the market and do you need to kind of step up marketing efforts around that to clarify the situation?

    Gary Guthart - President and CEO
    In the near term I think that the surgical societies are going to look and evaluate and they are what the implications are for minimally invasive surgery as a whole. As we mentioned we -- power morcellation is not a part of many, many of the gynecologic procedures we do.
    Apr 30, 2014. 07:57 PM | Likes Like |Link to Comment
  • To The Bone: There Is More Pain Ahead For Intuitive Surgical [View article]
    I understand you are a short seller and it is a legitimate form of investing, but when you lie and distort the truth to drive the stock down that is another matter. For example when you said that the Da Vinci spreads cancer? Cancer is suspected of being SPREAD through the use of Power Morcellation, had you listened to the CC or if you were familiar with the Da Vinci you would know that ISRG does not even make a power morcellation instrument. Also, you said they have Thousands of lawsuits, isn't that a bit of hyperbole on your part? A hundred or so, maybee.
    Apr 29, 2014. 05:01 PM | 1 Like Like |Link to Comment
  • Injuries involving Intuitive device under-reported [View news story]
    What in this report is new?
    I used to respect Seeking Alpha but this is just rehashed rubbish from 8 months ago... must be a slow news day.
    Dec 30, 2013. 09:39 AM | 1 Like Like |Link to Comment
  • Has The 'Surge' Gone Out Of Intuitive Surgical? [View article]
    Five years until a practical working version does not include FDA approval, also you seem to assume that this new robot will be instantly allowed into the Japan market, perhaps because ISRG 'Paved the way'? I think Japan will give any new robot just as much scrutiny as it gave to ISRG. Also, ISRG enjoys huge margins on its equipment and could lower the price considerably and still make a profit, they are not lowerering the price at all so far and that bodes well for their ability to sell. Also, at some point they will be in a position to practically give away the Da Vinci itself at cost and rely on the razor blade model to carry them, how will that affect competition? They are also being approved and used for many new surgeries, will this new bot instantly be approved for all those surgeries also, simply because Da Vinci is already approved?
    I would say that ISRG has at least 10 years before any serious competition comes along, don't forget the patent minefield they will have to maneuver through.
    Sep 17, 2013. 08:06 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
21 Comments
11 Likes