ISRG

Intuitive Surgical Inc

Healthcare


Presented:05/06/2020
Price:$511.85
Cap:$59.69B
Current Price:$478.47
Cap:$170.03B

Presented

Date05/06/2020
Price$511.85
Market Cap$59.69B
Ent Value$56.10B
P/E Ratio44.13x
Book Value$72.96
Div Yield0%
Shares O/S116.62M
Ave Daily Vol1,036,311
Short Int2.60%

Current

Price$478.47
Market Cap$170.03B
Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.

Publicly traded companies mentioned herein: Intuitive Surgical Inc (ISRG), Johnson & Johnson (JNJ), Medtronic PLC (MDT)

Highlights

The presenter is short shares of ISRG, believing that structural issues began to arise prior to the pandemic and which have been exacerbated by COVID-19. Further, he thinks the market is misinterpreting the latest numbers on the company’s performance within China as positive. He does not dispute the effectiveness of ISRG’s products, nor its leadership position within the surgical robotics field; rather his thesis rests on his expectation for a dramatic slowdown in sales and growth which will cause the multiple to rerate lower.

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Idea Discussion

Commentor 1 - 2 weeks ago

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