1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on Intuitive Surgical Inc.

November 06, 2013 | About:

Intuitive Surgical, Inc. (NASDAQ:ISRG) sells the 'da Vinci' robotic surgical system. The company's recent results fell short of expectations because of a slowdown in domestic benign gynecological procedures using da Vinci devices. This, in turn, led to slower than expected overall procedure growth and systems sales; management lowered its full year 2013 guidance as a result. After recognizing significant profits, we trimmed our position in the stock earlier this year because of concerns about the impact that increased focus on cost containment in the healthcare system might have on the company's long- term growth prospects. We continue to own a small position in the Fund.

From Ron Baron's Baron Funds third quarter 2013 report.


Rating: 3.0/5 (1 vote)

Comments

Please leave your comment:


GuruFocus has detected 5 Warning Signs with Intuitive Surgical Inc $ISRG.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


alexbernal0VeronicaLowPrice2
alexbernal0VeronicaLowPrice
bqdarlingMyPscore
toll24Hakan2
Raven94INDUSTRY1 (Med Devices)
Jire4Star, ROIC Up Tr, ROIC > WACC
Bogdan BednarskiCSROE 2017, ROIC 5Y . ROIC 10Y
Bogdan BednarskiCSROE 2017
yasarkhanP/B and P/E and MKT
wwygeraGuru Buying #3
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK