Been, What a great stock. Long term hold. I bought this stock after it bought MAKO. The message board is not full of junk and this stock just stays very steady with growth. I am extremely happy with it. You? Split? Probably to soon.
If you are the CEO you have to 100% be prepared for all things possible without failure. You have to know what the next step is to every possible outcome. You have to look 5 years ahead at all times to prepare yourself for every move. "Although this was a setback of what might look gargantuan proportions we were fully prepared for it and have now done this to still execute our plan". He has to say something like that and part of the plan will unfold on May 9th and he will announce it on May 10th. He has to be prepared for the worst at all times.
The first time I invested in MAKO was before the last time they needed to raise more money. So they raised more money by selling more stock at a lower price then I bought in. It can happen. It could happen here as well. I have read a few times they are strapped for cash.
I have asked this question a few times on this board. Do they have any LOI?? Any purchase orders? Guys they still have to sell. Here is what I am really worried about. We have a downward drift on this stock. A bunch of people on this board are 100% sure they will get approval. That is not what the stock price and the momentum of the stock is telling me. This is a 5.00 stock right now for a reason. The big boys are NOT sure if this gets approved and they are not sure of its adoption. MAKO and ISRG both had MAJOR hurdles to over come. FDA Approval is only the beginning of the pain. This April time line everybody is hoping for could be WAY off. I am in and I am long. I know the pain from MAKO and ISRG. Relax. The street will know long before we do about approval. We'll see it in the action.
Plenty of pain for all for a while. Go back and look at MAKO and the pain they had till they sold. It was horrible even after the first couple of years selling. They had a 1/4 where they only sold 4 machines. Talk about a tank in the price. This won't be all roses.
Glad to see you guys were so happy with the earnings call. I thought it was a good call. Great stock for a long term hold.
Steve, you can expect a bunch of pain here no matter what. They still have to sell. They still have to sell. Does anybody know if they have any LOI's in house? Any what if PO's? MAKO took years of pain. I like the stock but expect some pain along the way. Long term.
The long hold just got longer. When you say you are long is that 3 years - 5 years.....I'll hold for 11 years if I have to. My son turns 18 and maybe TRXC will buy him a Corvette. Maybe a new one maybe a used one. We'll see. Long term these guys will figure it out. It took MAKO a very long time to figure it out.
TRXC is in the FDA approval stage for robotic surgery. Competition is closer than you think. Doesn't mean ISRG won;t be a high flyer just means people will have a choice.
New strategy. My son is 7. 11 years and he turns 18. He'll either get nothing from this stock or he'll get a nice new corvette. Or a higher education. I am leaving it alone for a while. They have bunches to sort through. I am sure they'll do their best.
beendoingthisawhile are you on this board too?
even with FDA approval this doesn't go straight to the moon. Remember ISRG and MAKO both robotic struggled big time to sell and gain traction. This could take a couple of years to do the same. MAKO had a hard time getting into the 12-13 dollar range and then had some very bad sales 1/4s and brought the prices back down into single digits a bunch.
All I am saying is that I have been through this twice. It is a very harsh road. They need another round of financing too, Not one person above mentioned that. That will hold the stk price down as well.