Filed under: Major movement, Analyst reports, Analyst upgrades and downgrades, Top Picks 2007, Chasing Value, Intuitive Surgical Inc (ISRG)

Well today I lost some cash, at least ‘on paper.’ And if I believe what I read in the business news it is because of the comments of a single analyst. Now that’s power. It has to make you wonder. Intuitive Surgical (NASDAQ: ISRG), one of my biggest holdings, finished the day at $244.30 down $33.27. OUCH!

Shares of medical device maker Intuitive Surgical Inc. fell sharply Tuesday as an Oppenheimer & Co. analyst said the company’s strong growth will slow in 2008 on fewer U.S. sales of the da Vinci surgical system, due to market saturation and a lack of adoption by gynecologists for hysterectomy procedures.

Analyst Amit Hazan said Intuitive Surgical is the most expensive stock in the medical technology sector, a value driven by both the company’s robust growth rates and by results consistently beating Wall Street expectations by wide margins. He is correct that ISRG is expensive. Even after todays losses it still is trading at a P/E ratio of about 80.

Continue reading Chasing Value: Intuitive Surgical drops 12% today

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This entry was posted on Wednesday, January 30th, 2008 at 2:05 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.