{"id":2205,"date":"2013-07-18T21:40:08","date_gmt":"2013-07-18T21:40:08","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=2205"},"modified":"2013-07-18T21:40:08","modified_gmt":"2013-07-18T21:40:08","slug":"7-18-13-intuitive-surgical","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=2205","title":{"rendered":"7.18.13: Intuitive Surgical"},"content":{"rendered":"<figure id=\"attachment_2206\" aria-describedby=\"caption-attachment-2206\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/07\/ISRG71813.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-2206\" alt=\"Click to enlarge\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/07\/ISRG71813-300x150.png\" width=\"300\" height=\"150\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/07\/ISRG71813-300x150.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/07\/ISRG71813-1024x515.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/07\/ISRG71813.png 1914w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-2206\" class=\"wp-caption-text\">Click to enlarge<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>ISRG held their regularly scheduled earnings call tonight and the news continued to be bad. Revenue guidance was cut from flat to 7% for FY &#8217;13, which is well below historical growth rate.<\/p>\n<p>The stock is going to need more time.<\/p>\n<p>Per the above chart, the stock will likely open up below the 50-month moving average near $388 &#8211; $389 on Friday morning, which is not a positive technical occurence.<\/p>\n<p>We never bought any ISRG on the initial drop, but the news and headline flow tells me this stock and company will require more time to work through the issues.<\/p>\n<p>The stock needs to stabilize first, then we will get a longer-term bounce, and then a re-test of this area, depending on where we settle the next few days or week.<\/p>\n<p>We will update our internal, fundamental spreadsheet next week, and see what the various valuation measures look like after the analyst&#8217;s finish their revisions.<\/p>\n<p>ISRG could be broken. I dont suspect it is, but we have to give it more time to see what happens with the numbers.<\/p>\n<p>Trinity Asset Management, Inc. by:<\/p>\n<p>Brian Gilmartin, CFA<\/p>\n<p>Portfolio manager<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; ISRG held their regularly scheduled earnings call tonight and the news continued to be bad. Revenue guidance was cut&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[77,1],"tags":[],"class_list":["post-2205","post","type-post","status-publish","format-standard","hentry","category-isrg","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/2205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2205"}],"version-history":[{"count":2,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/2205\/revisions"}],"predecessor-version":[{"id":2208,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/2205\/revisions\/2208"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}