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MAKO Surgical Corp. Message Board

  • ber73usa ber73usa May 9, 2013 9:50 AM Flag

    Target price $23.00

    Yesterday ' trading establised a new start for MAKO to resume its accountability
    to the public

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    • I can see $23+ reasonably next year. Higher if break-even comes to fruition in 2014. For $23 to happen this year there needs to be a surprise. Either two beats in a row (with one a big beat) and/or an increase to their guidance. It would take a sudden jump in utilization rates or a PR like 2011's announcement of an 11 unit order. However, they are going to be very careful with such PRs in the future. More likely, a slow incremental drift upwards and a beat in Q2 or Q3 puts us over $15 until a further catalyst comes along. Expect to see Adventist purchase 3-4 more in H2 2013 which should help achieve the 45-48 unit guidance or the year. They were fairly quiet in Q1 and that may have been as they secretly negotiated a $14.1M settlement with the US Gov't over alleged kickback violations. Now that they've negotiated the settlement and removed the threat of a much larger court award they may resume their Mako purchases. It's been a moneymaker for them not only for the partial knees but the halo effect and as a recruitment tool for surgeons.

      Sentiment: Strong Buy

    • $23? Seriously? Did you use some technicals to project this number or did it just randomly fly out of your dumb head?

      MAKO is a great buy, but your $23 target is way off. Be realistic.

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