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The ACS is a large meeting, probably THE largest general surgery meeting, but it is not what it was ten years ago. Decreased reimbursements (less $$ in the surgeons' pockets) and the overall downturn in the economy has dramatically curbed attendance.
The vendor exhibits are for available products, though some of the big players (Covidien, Ethicon) will have a closed venue to show VIPs and thought leaders prototypes.
This is NOT the place for Titan to be this year. Hopefully next year will be the coming out party.
I don't know why I decided to do it today, but I figured it was time for me to chime in with my professional opinion.
I am a general surgeon and have been practicing in Philadelphia for almost 25 years. I was at the forefront of minimally invasive surgery in the area, having performed the first such procedures at one of the major teaching hospitals in the city, back in 1990. I currently perform in excess of 400 MIS cases annually. I was trained on the da Vinci robot and did my minimum number of cases to be certified, but abandoned it shortly thereafter.
Currently I perform all of my procedures using "straight stick" technology. My opinion about the da Vinci, as it is currently engineered, is that it is ideal for working in dark tight corners of the abdomen and not for the common GI/general surgery procedures. It is ideal for the urologist performing prostatectomy and possibly for some gynecologic procedures as well. The main trust of this robotic platform is in marketing. It is time, complexity, and cost to procedures that are just not necessary for my practice.
That being said, I am a believer that SPORT will make inroads in my specialty. I don't know if I will recommend that my administration buy any units or if I will use it personally, but that is not what I care about as an investor. The bottom line is that I invested in this company to make a profit and not necessarily to champion it's sales and use. This, I will leave to the company. I doubt that it will experience major penetration in general surgery, but it will certainly have an impact on Intuitive's robotic surgery market share.
In a similar line of thought, I had invested in Arena Pharmaceuticals when they were about to get FDA approval on their obesity drug. In that I perform bariatric surgery as part of my practice, I knew the drug would not be tremendously successful clinically, but that did not prevent me from turning a profit on my investment.
Titan will make us all money if we stay with it long enough; I continue to acquire shares as it stagnates in the low $2s.
Took advantage of the price stall and increased my position. Excited, and at the same time terrified, that my block is 9% of today's total trading volume.
Based on these criteria, I don't see a Nasdaq up listing:
http://www.investopedia.com/ask/answers/121.asp
Take a look at the whole market. EVERYTHING is down. A lot. 0.01 in the red is an up day as far as I am concerned.
Surgeon here.
Humor me on this one.
I am reminded of when Walt Disney wanted to build Walt Disney World in Orlando. Rather than showing up as a big buyer, he used multiple small purchases through straw purchasers to garner the land without raising suspicion.
There has been significant upward movement in this stock without big volume. I suspect people in the know are buying this baby up in small aliquots.
It may be all fantasy, but it gives me hope and makes me smile. Here's to this trend continuing for a long time.…
Honey nailed it. Vanilla PR means trading range of 2.00-2.20 for the near future. No specifics.
20 minutes in and there are no shares traded yet. Is there a stop trade in effect?
You expect a PR after 5 hours on the job. The only news to expect is that she is on board.....
I'm another doc who is going to chime in and say wow. Said it the first time I saw the video. Everyone I show it to say as wow as well.
Hard to say. Keeping all eggs out of one basket, spend what you can comfortably lose. This is still a speculative investment despite the enthusiasm shared here. I have a lot more than that, BTW.
I don't care where the helium comes from as long as the balloon continues to soar!
I was wondering why I study this stock all day long whenever I can like a day trader, yet I am long and strong on the stock. Especially with the current volatility, I see swings of multiple $1000s throughout the day. WHY DO I DO THIS TO MYSELF???
My name is Alan and I have a Titan addiction.....
Just some profit taking from those that are not long like us. We've all been spoiled lately. Not a big deal. Normal fluctuations.
Great to see movement northward. Here we go! Been long and strong since 2011. Finally feeling good because there is news to support this bump, unlike the March blip which was based on hopes and prayers. Woohoo.
Confused. When and why Vegas?
My average PPS is 1.30 US
I would like to join the chorus and give my thanks to point for attending the shareholders' meeting yesterday and, more importantly, giving us the extensive update that he did into the wee hours of the morning.
I think we all face with the frustration that yesterday's meeting gave us no new information in that we all knew it going in.
The reason for this is we are so well-informed on this message board.
Unfortunately the rest of the investing world is naïve to this wonderful company. I am not sure how we get the word out other than what others have suggested; interviews and articles in the mainstream investment/financial press.
Unless someone was aware of the stock, they have no need to search for the reports on SEDAR. We remain under the radar. While I was ecstatic about my position when the stock hit 2.40+, I am not totally disappointed with it at 1.60, as I am still "ahead of the game".
We all have to remain strong and long with the stock. Unfortunately our holding on to what we have has no positive impact on the PPS. Then again, selling by any of us would have a negative effect on said PPS.
Well gang, today is the day. Fingers crossed, toes crossed, legs crossed, arms crossed even eyes crossed.
Here's hoping for a big pop this afternoon in news and a bigger pop tomorrow in the PPS.
Go Titan!
The original impetus for the development of robotics was a military application based on the false assumption that battlefield surgery could be performed safely by stateside surgeons.
Without any news, we are being brought down by ISRG's drop. Their dip is bringing down the entire sector.
Agree with all here; it's bargain shopping time. Just bought more and have rounded off to a nice big number. Ready for the run!
The new da Vinci model be competition for the old da Vinci model and NOT the single port product Titan has in the pipeline.
It is still a multi-incision/multi-armed device. Probably will be priced higher then the da Vinci Since as well.
This is not competition for us. The news will most likely flush out more short-termer's. Long-termer's should be fine in the long run.
Just MHO.
I was speaking to some of my colleagues in the medical sales business. Most are into TITXF as well. They bring up a good point. Titan does not have a salesforce. A product of this complexity cannot rely on a distributor to bring it to market. Without the development of the salesforce, the long-term goal seems to be that they will get bought out. The question obviously is when?
Meaning?
A question for those more knowledgeable than me:
the 70 +/- million shares outstanding; is this a combination of Canadian and US holdings, or is it just US holdings?
That is true but MAKO was already in the marketplace with a track record of sales and many units in the field already. Titan is still developmental. Until we see successful testing, it is speculative for a buyout. The technology is impressive. The software will truly impact health care going forward, but until we have a product being sold, a bbuyout will not garner huge $$$$.
Buy in for the long-haul and hope for the best, that is my philosophy.