WAJeff
Oct 23, 8:43 PM
$ISRG Think I’ve had this for two years and I’m up 7.6% on it 🤣 I was aiming for
$620 at one point, didn’t get it (590s in Jan), and didn’t have a profit protection stop … hence having it for so long with so little to show for it. It’s up 33.5% the last 3m and
$IHI is up 11.3% in that stretch so maybe we’re seeing a turn for what’s been a really crappy sector.
The bariatric volume declines from GLP-1s have been real for ISRG but that was less than 5% of their procedure volume to begin with. Hernia repair, gallbladder removal, appendectomy, bronchoscopy platform, a new gastrointestinal platform in the works … I still think this is a cutting edge company that has gone through a performance lull the last few years. Wouldn’t be surprised to see this around
$700 by 2030.
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