Why you buy this stock and sit back for 2 to 3 years
Anyone here remember Intuitive Surgical? I bought that stock back in 2001 for less than $8 a share. I even flew out to Sunnyvale, CA to make sure they were a real company because there were so many shorts dogging on them just like they are. I discussed them with a friend who was getting trained in open heart surgery using the da Vinci surgical system. I know ISRG is now a mature company and has lost a lot of its luster and I have since sold that company over a year or two ago. But this company is very very very similar. You don't buy this stock based on their machines, you buy it based on their consumable revenue. That's right, you heard of Gillette? They get you to buy their razor and then you buy their blades forever. This company will have over $50 Million in consumable revenue this year. The more machines they sell the more this revenue item will grow. You have some really dumb shorts on here. They think venture insiders who have had their money locked up over 3 years in this company is the reason to short? Well let me tell you those shorts are littered all over the market floor and spat on every day by the bulls. Just start buying this, buy on the dips, don't chase it but also don't trade it. Hold for at least 2 years and I promise you will have a sheet load of cash to buy the shorts here some cigarettes when they ask you for one on the street. Good luck, I have done my research, you should also.
Looks like the secondary is offering a little overhang. I know they all sign where the new buyers can't sell for 70 days but I am sure that some are shorting as a hedge on a few of there shares. I think it pullsback a little more before it makes another good move up.
Agree brick--Made a few phone calls and was able to find a business manager at a site where they are doing the procedure.
1. Fantastic results--only 1 complaint
2. Doing more procedures regularly. Patients do not tell friends much? (Vanity?)
3. Higher percent of men than you would think
4. Not made for obese patients
5. Best results for "tummy" fat and "love handles"
6. Back of legs for women work good also.
Listen to Conference call--very good. Waiting on a Goldman price target !!