Shares of Best Ideas Newsletter holding Intuitive Surgical (click ticker for report: ) are experiencing some relative weakness today after negative commentary from the American Congress of OB/GYN’s president questioned the cost effectiveness of robotic surgery. To read more, please click here.
We identified this as the major risk for the company going forward, and we’ll be keeping a tight leash on the position going forward. Momentum is working against the company at this time, and the fundamental position could deteriorate. Still, we like the long-term trend at work for robotic surgery, even if there are some near-term headwinds.