Today was an amazing day for shareholders of Intuitive Surgical (NASDAQ: ISRG) which closed up $48.51 (32.32%) to $198.59. This fete was accomplished on a dour day in the stock market when most companies watched share prices drop. The ISRG bounce followed a spectacular earnings report Thursday July 19: Intuitive Surgical Announces $140.2 Million Second Quarter Revenue, Up 61 Percent; Net Income Increases 84 Percent
This stock is the only stock I own that is a pure play growth story and the metrics are wild. I cannot really advise anyone what a fair price would be, because I do not know. About the only thing you can do with a stock like this is try to build a position on pull backs, but there have not been many lately.
I have written about ISRG many times and I have had many friends that bought shares at much lower prices ask me what might stop this company or stock and the answer is -- "I don't know". I know why I bought it. I know the reasons I bought it remain intact, if not even more secure now then ever.
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