Intuitive Surgical (ISRG) Continues to Ride on Da Vinci's Success

Over the past decade, shares of Intuitive Surgical (ISRG: Charts, News), a niche maker of robotic surgical equipment, rose from $10 per share to the $460s. Since March 2009, the bottom of the previous bear market, shares have quadrupled.
Today, with its trailing P/E at 40, shares can hardly be considered cheap, but analysts believe that with the expansion of its robotic line to other medical procedures, Intuitive Surgical may be well poised to grow exponentially. There are plenty of skeptics who are bearish on Intuitive Surgical - after all, with the economy still in fragile state, are hospitals and medical facilities about to spend heavily on robotic surgeons? What separates it from the pack of â
Published on Jan 9, 2012
By Leo Sun
Leo Sun
Leo Sun is a freelance finance writer and position trader. He focuses on a combination of value and momentum investing, with a strong interest in the trading philosophies of Warren Buffett and Peter Lynch. Leo also has experience writing articles to help small business owners acquire loans and manage their finances. He regularly contributes to the Stock of the Day analysis.

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