Monday, March 18, 2013

Intuitive Surgical - Still No Margin Of Safety After The Recent Sell-Off

Shares of Intuitive Surgical (ISRG) ended the final trading day of the week with losses of 6.2%. The losses followed up on a correction which started around lunch time on Thursday, as shares have lost a cumulative 10% in merely two days.

The company which is well-known for its da Vinci Surgical System, suffered as the American Congress of Obstetricians and Gynecologists questioned the added value of the robotic surgeon over the human surgeon. A negative research report from the Food and Drug Administration already sent shares downwards earlier in 2013.

Da Vinci Is Coming Under Scrutiny

On Thursday, The American Congress of Obstetricians and Gynecologists was critical about whether robotic surgeon offered any value above traditional means of performing hysterectomies.

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