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Novadaq Technologies Inc. Message Board

  • streetstalker streetstalker Aug 21, 2012 6:19 PM Flag

    ISRG: Management Reaffirms Bullish View on Procedure Volume Growth

    Thought you guys would appreciate this insight into procedure growth. The comment is from the ThinkEquity analyst.

    ISRG: Management Reaffirms Our Bullish View on Procedure Volume Growth

    August 15, 2012 – We reiterate our Buy rating and $640 price target on ISRG post our special conference call with the
    management team (CEO, CFO, VP of Strategy). Management reiterated the importance of procedure volume growth for ISRG's
    long-term potential and indicated that strong systems sales may imply an increasing demand for procedures. With systems
    placement having grown sequentially in recent quarters, we believe there could be a major wave of volume growth in the near-
    term. We consider our EV/E of 41x our 2012 EPS estimate of $15.06 to be reasonable.



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