There's a lot about the Intuitive Surgical (NASDAQ: ISRG )
story that feels familiar. Whether you look at recent examples, like
transcatheter heart valves and left ventricular assist devices, or more
distant historical examples, like stents, Intuitive Surgical has
followed that familiar pattern of "you don't get it ... this changes
everything and valuations don't matter" to "oh no! It's not growing to
infinity!"
I don't mean to flippant about what has surely been a harrowing
couple of years for Intuitive Surgical shareholders. The good news is
that clinical data continue to support the argument that robotic surgery
deserves its place at the table and has value to offer alongside the
minimally invasive tools and approaches advanced by Johnson & Johnson (NYSE: JNJ ) and Covidien (NYSE: COV )
. The bad news is that the stock gets whipsawed as short term-focused
analysts and institutions obsess over the next year or the next quarter
and cannot look at the longer term.
Read more here:
Intuitive Surgical, Inc.'s Growing Pains Still Painful
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