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Intuitive Surgical, Inc. Message Board

rar_biltong 17 posts  |  Last Activity: Jun 30, 2016 11:33 AM Member since: Dec 16, 1997
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  • rar_biltong rar_biltong Jun 30, 2016 11:33 AM Flag

    Time to update my msg of Feb 25th. Is someone going to bid for this gem? Thoughts? Comments? You can go back to sleep after you comment.

  • Reply to

    Enterprise Value 38.8 billion

    by superlong2016 Jun 21, 2016 12:51 PM
    rar_biltong rar_biltong Jun 21, 2016 1:41 PM Flag

    Yes, and how much of the 38.8 billion is goodwill and how much is hard assets? Hard assets are probably much closer to the current market value of the company. They are in a real pickle - they can't sell assets for less than they paid including good will or they will further impair their balance sheet.

    Sentiment: Sell

  • Reply to

    Wells Fargo likely causing this

    by bdrn99 Jun 21, 2016 12:54 PM
    rar_biltong rar_biltong Jun 21, 2016 1:19 PM Flag

    He may be young and inexperienced and maybe even stupid but he's made the right call here. He is obviously a better analyst than those pumping the stock in the $200's.

    Sentiment: Strong Sell

  • Reply to

    The boys

    by vincepremier1 Apr 29, 2016 11:36 PM
    rar_biltong rar_biltong Jun 8, 2016 2:41 PM Flag

    Like you I stayed with the investment. From time to time I had to call on my old friend CO Jones (AKA cojones to not close out the position). And good times were had by all! Looking for $60 and out and on to the next. Cheers!

    Sentiment: Hold

  • Reply to

    Ugliest Chart I have ever seen

    by rar_biltong Feb 25, 2016 12:28 PM
    rar_biltong rar_biltong Jun 1, 2016 2:51 PM Flag

    Time to re-post last quarter's observation. Now I am the one p****d off, not the spider I mentioned in February. BTW, I did not listen to the CC but was there any mention of the acquisitions? One more quarter and bye bye dividend. As background, I have been in this stock for nearly 20 years; I took classes half a century ago from Dr. Kurtenbach; I started this message board and I now have about 5000 shares, down from 100,600 at my peak. First stock basis was $0.74/per share. Hope we don't go back there.

  • Reply to

    This Will Blow Over

    by financekid299 May 18, 2016 3:27 PM
    rar_biltong rar_biltong May 20, 2016 11:00 AM Flag

    You would have to have been in the military to understand. And in the military in a small unit (platoon or squad). The most important aspect of an effective unit is "unit cohesion." It is analogous to team spirit. Soldiers don't die for their country, they die for their unit. That is why there are so many medals of honor for soldiers who fell on hand grenades to save others. I was a platoon leader, company executive officer and company commander so many years ago that I can hardly count the years but I will guarantee that the rule of unit cohesion hasn't changed. I can just see a soldier being captured with fellow soldiers and when the enemy starts to torture them for information for one of them to say, "Why don't you start with the transgender over there." I don't mean ill toward LGBTs and others of that ilk but the purpose of the military is to fight and anything that lessons that capability endangers the unit and more importantly all of us.

    Sentiment: Sell

  • rar_biltong rar_biltong May 19, 2016 10:38 AM Flag

    I don't think Costco did, I think it was employees of Costco. What employees including executives do with their money is their business in my view. This is like Chick-Fil-A. Shareholders, founders, executives can support anyone or any cause they want. IT IS THE COMPANIES WHICH SHOULD NOT GET INVOLVED IN POLITICS EITHER WAY. I heard a story about Michael Jordan when asked why he didn't get involved in politics and he reportedly responded "Everybody wears shoes" meaning why Pxxxoff half of the market. In TGT's situation why Pxxxoff millions of customers.

    Sentiment: Sell

  • rar_biltong rar_biltong May 19, 2016 9:19 AM Flag

    Guess there are more straights than LGBT and whatever else is the choice of the day. Who would have thought? TGT is off my wife's list with a Walmart and Costco w/i a few hundred yards of each other.

    Sentiment: Sell

  • Reply to

    Will PRGO try again?

    by betasplen1 May 12, 2016 9:35 AM
    rar_biltong rar_biltong May 12, 2016 11:24 AM Flag

    I'm afraid PRGO has the same problems as Endo (ENDP) and VRX. Maybe they could tie all three of these rocks together and see if they float that way, they aren't doing all that well on their own.

    Sentiment: Sell

  • rar_biltong rar_biltong May 11, 2016 12:27 PM Flag

    Search indicates sale was for $1.55 billion stock and $6.5 cash. Assume the cash borrowing is now on the balance sheet. Stock for stock would not have been that bad, this is different.

  • I know they settled 22,000 cases but I believe they have a like number still out there. Is that true? Have they reserved for those cases? BTW, I am old enough to remember AH Robins and the Dalkon Shield litigation and how a bad acquisition cost the shareholder their company. Any knowledgeable people out there. Can't find much detail on the Internet.

  • rar_biltong rar_biltong May 9, 2016 11:05 AM Flag

    Well you certainly elevated the level of discussion. I just had a discussion with my broker who put me in to ENDO earlier this month. One thing about Chanos is he at least is putting his money where his mouth is. We shall see how VRX and ENDO work out. BTW I am keeping my ENDO (down about 50%) but not adding to it until I can more fully understand their real numbers. Both companies' business model is broken. Not including writedowns in their projected income is like me not counting the triple bogie on hole 6 because I have promised myself not to play that hole again.

  • rar_biltong rar_biltong May 9, 2016 10:55 AM Flag

    Could not agree more! Patients, Patents, Product - that is what pharm companies should be concentrating on. Any idea how much McKinsey sucked out of these guys over the last few years? In my view consultants' approach is to "charge the fish for the bait."

  • Reply to

    NO BRAINER@ $15.75

    by hounddooggy May 6, 2016 7:09 PM
    rar_biltong rar_biltong May 7, 2016 6:49 PM Flag

    How much good will is in the book value? Good will, in my view, is just non-deductible expenses that have yet to be taken. I have been involved in a couple of roll-ups and they generally don't work. The last one that actually worked was William Durant creating General Motors a century ago. Just because it doesn't work is not reason not to try I guess as long as the market supports the concept.

  • rar_biltong by rar_biltong May 5, 2016 5:34 PM Flag

    I shot a 72 (but I left out all of the triple bogies since I am not going to play those holes again)! See, that is how they make $7/share next year. Very unhappy with a soon to be former broker.

  • Reply to

    Guys, come on - this is about options.

    by rosettawest May 3, 2016 10:33 AM
    rar_biltong rar_biltong May 3, 2016 12:23 PM Flag

    I will predict earnings - there won't be any. OK, this is a development company. They are not P&G with a fairly firm income stream. They aren't even a pharma product company like Merck. I know The Street will take them down because revenues slipped from nearly nothing to very nearly nothing. But it all does means squat. The value is in the FDA approved drug and the patents. Rest easy.

  • What doesn't The Street understand - this is a development company not someone selling toothpaste. I guess they have a simple spreadsheet (would have to be simple to do that kind of analysis) and if it shows a down trend they all stand up and holler SELL! SELL! SELL! I know it is disappointing to take a hit (small as it is) on good news, but this is what one of my brokers used to call a Montana stock- take your stock, put it in a fruit jar, seal it up real tight and bury it by a fence post in Montana. Then come back in five years, dig it up and you'll be very, very happy.

    Sentiment: Hold

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