Surgical robotics leader Intuitive Surgical (Nasdaq:ISRG)
consistently posted exceptionally strong growth for a long period of
time, gaining an out-of-this world valuation from the Street in the
process. Now investors having to re-learn a familiar med-tech lesson all
over again – if something looks to good to continue, it probably won't.
Although I'm still bullish on the underlying thesis that Intuitive
Surgical will continue to see growing adoption and procedure counts,
investors are seeing a harsh reassessment of the company's growth
prospects and the “fair” price to pay for those prospects. I believe
that Intuitive Surgical shares are too cheap at these levels, but
investors considering the stock ought to remember that the bias of the
Street will likely be against the shares for a couple of quarters.
Please continue here:
http://www.investopedia.com/stock-analysis/071913/intuitive-surgical-burning-reentry-isrg-nvdq-jnj-syk.aspx
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