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Baron Funds Comments on Intuitive Surgical Inc.

November 21, 2013 | About:

Intuitive Surgical, Inc. (NASDAQ:ISRG), which sells the da Vinci robotic surgical systems, fell 25.7% in the quarter when results fell short of expectations as growth in procedures slowed and unit placements declined. Hospital admissions have been weak and negative publicity affected the amount of procedures performed. We reduced our position in the stock by half this year, but now believe the stock is oversold and too cheap.

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


Rating: 2.0/5 (3 votes)

Comments

kfh227
Kfh227 - 3 years ago    Report SPAM


Gikven it's potential growth (at first glance), sounds like something worth reading about.

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GuruFocus has detected 5 Warning Signs with Intuitive Surgical Inc $ISRG.
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