Intuitive Surgical (ISRG) Continues to Ride on Da Vinci’s Success
Posted on January 8th, 2012
Over the past decade, shares of Intuitive Surgical , a niche maker of robotic surgical equipment, rose from $10 per share to the $460s. Since March 2009, the bottom of the previous bear market, shares have quadrupled. Today, with its trailing P/E at 40, shares can hardly be considered cheap, but analysts believe that with the expansion of its robotic line to other medical procedures, Intuitive Surgical may be well poised to grow exponentially. There are plenty of skeptics who are bearish on Intuitive Surgical – after all, with the economy still in fragile state, are hospitals and medical facilities about to spend heavily on robotic surgeons? What separates it from the pack of “future stocks” – such as solar power companies or Tesla Motors – which have all been severely punished for their speculative forecasts?
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