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Care to elaborate? What changed?
This is where you are wrong. We are funded through to Q3 and anticipate FDA submission in this time frame. Id rather come to market later with a better innovative product than sooner with a mediocre me too product that offers little beyond a cost savings. The sci fi robot has no long term prospects...where's the demand now that its to market? I thought the market is expanding, so why aren't sales of the purple monster?
Depends. What is "the end"? No one knows if we sell early or keep trucking; leadership has not made that part of their strategy clear. Heck they may not know, it's still early in the game (except to the 5+year folks).
So its all speculation at this point. If the last couple months have proven anything its that we still have a way to the finish line (FDA clearance), but it's in sight. PPS will not be affected by normal variables until we uplist to NASDAQ and commence sales. I estimate we may get close to $2 pre FDA submit if momentum continues in a strong positive pattern. If we sell in the same timeframe could sell for $6per share range. But what do I know. Down the road and when sales commence we should climb higher. In 15-20 years this stock could be hundreds of dollars per share. I think thats what most investors here are banking on.
Queue honeycomb to discuss OS and RS...
Capital gains was minimal. It was not to take profit...should not affect my bracket.
Yes I checked my balls out so I could make the trade. But had to return them right after
Ha gambling is exactly that! This is the biggest gambit ive done im not much for gambling. Hey SCOTUS may strike the barriers to sports gambling soon - don't tell your uncle
Me too. I sold all shares on Thursday because it was near my average share price and continuing to drop. Thus preventing further paper loss and enabling re-purchase of more shares for a lower average cost in this dippity doo dah!
I assume its because people work hard, live within their means, save money and lead responsible lives. Its not how much you make, its how much you keep. Very empowering. Can I get an "Amen!" from the faithful? BIGT82?!
Hey they were right! Another offering on the 30th...So SP continue downward?
If I may offer MHO, one never needs to state IMHO; by virtue of saying something, you are giving your opinion. So it's redundant to state that it's your opinion.
Just my opinion.
I agree with the mint...any relationship seems coincidental more than anything at this point
Can anyone run a regression on daily % change betweenTITXF GSPC? I wont have time until much later but that will give a confidence level in any correlation. Yahoo finance shows the beta at -0.09 which suggests an inverse relationship to market fluctuations.
Mexican standoff...no movement since an initial volume.
Go Toby!
The thought was the expanded offering cancelled the need to "possibly do another offering on the 30th".it appears the sp action is driven by MM at this point. Once the offering closes and additional news rolls in we should see a continuation of the sp ascent. But man, the offering really changed the direction didnt it?
Eit when you say "we should have seen the worst" do you mean the worst is about over?
To quote my relative Sir Winston Churchill:
I see these unpleasant moments as minutia compared to the big picture. Unpleasant as they are they have to happen. As with anything in life - something thats worth it takes blood sweat and tears. Mac's given plenty of reason for optimisim just dont let these little necesities for success impede that view.
I wonder if it has anything to do with the fact that I emailed them yesterday stating as an owner I'm embarasswd that visitors are greeted by a year old message from an old CEO
Thanks for the correction. You're absolutely right. But that's not to say they don't try once SPORT commences sales. Would not put it past Intuitive they are cut throat.
Assuming the positive momentum continues at the same rate...on a linear average I believe we should be in the $0.70 per share range mid 2018. Thats assuming no major skew inducing news like early FDA submission or patent infrigememt suit from ISRG and company.
Snatched up 2800 today at the cyber monday discount!
I rmember seeing this in a valuation competition I did (still a finance student)...buy out contingent on certain sales figures with incentives for going above. Something like that?
If I'm a big company Im not going to buy Titan in the near future because of the risk. Im going to let them go to market and see if they can sell robots, then after a few years of proving the product can consistently generate revenue growth, I'm going to make a bid. Let the current ownership take the early risk and swoop in at the sweet spot when they're still affordable but proven.
The other side of the coin is McNally's history. He's gotten product to market and sold, but not run a company beyond that point. This possibly indicates the board wants to sell when viable. I suppose we shall see...my hope is we stay the course and dont need a RS so I will be a millionaire at $18 per share, rather than $400 per share. $18 should come much, much sooner.
Heaven help me, but I agree with Honeypile911's sentiment. I can't say we'll drop to $0.32 by friday but I alslo don't see anything stopping it. PR on thanksgiving break is likely to be of little effect, and the trend is downward right now. I'm saving my dry powder to see what happens Friday into next week.
Covidien only hocks their own brand. Will need a distributor, lots of them out there mostly small firms some hire reps as contractors.
Wow that's pretty awesome. Would love to meet him. Not surprised about what your friend said. It seems innovation in the total joint arena stalled 25 years ago. Theres been a surprisingly lukewarm reception to the conformis custom knee. Although I think the docs right out of residency may change that...millenials are more open to the concept. Wonder if stryker may bid for titan? They face a new threat with the ambitious zimmer biomet.
NEW DOTS CONNECTED...
Remember Mario Gabelli - the billionaire investor who's teton westwood micro cap fund owns some TITXF?...
Turns out he owned a large chunk of Mako and sold once it was acquired.
When mako sold, the sold at an 86% premium to prev day's close.
I wonder if Mario is anticipating a sell of titan as well. He obviously sees potential in titan.
Hmm...interesting connection nothing else.
Mako is a bit of a mis-match to SPORT, its narrowly focused on partial knee replacement and in my experience not many docs saw value in it. I understand there arent many robots that are market comps, so fair enough.
Lets assume we uplist and SP is $4. Then we immediately sell at an 86% premium which makes the sell share price $7.44. (Hypothetical only....I dont actually think we would sell so quickly).
Where does that put you with or without a RS?
Sorry I was thinking short selling if you sold >$0.50...I dont have a leveraged account so (I assume) I cant see the options, does anyone know if theres options on TITXF? Its always blank when I check.
Maybe taking the tax loss? Or could be those who bought > $0.50 ?
Ha - if Mc is Homer who is Polyphemus?
Ha sorry to hear they put the clamp down on you...not on margin? Congrats on the monster share count. I cant speak to their SEP, Im a lowly employee (for now), but TD Ameritade has always done right by me. May want to check them out.
Awesome - you are smart to have bought then, when the future seemed most bleak. its still wild to me to think of thousands upon thousands of shares...couldnt do that with most companies. Ill be around 45k today after the buy. Keep on truckin' brother!
Thanks BigT - I've started recommending to friends now as well. I think you and I are in the same line of thinking. Glad your heffe has seen the light too. My wife and I have a rule we both have to agree before proceeding with financial decisions so castrated, perhaps by 50%, but the cost is well worth it - happy wife happy life nothing has rung truer.
Haha that's a catch 22 isn't it!
Do we know for sure they wont do another soon even if not on the 30th? Seems if the extended offering was quickly filled they may want to continue to max out the demand opportunity we have now. Regardless Ill keep some powder in case there's another dip in the near future and if not ill just have to buy on the way up! In 20 years im sure a few pennies' variance wont matter a whole hoot.
The boss put me in time out after Iwent all in at $0.30 then we dropped to $0.10, but now that we're in the green again (and I showed her we missed that opportunity, would have x4 that $ !) she released some more funds for me to invest. They've finally cleared and I'm buying 2600 shares today as a little birthday present to myself and saving some dry powder for after 11/30 if they announce another round.
I've realized im a much smaller investor than many here (im 32) but im plugging away what I can, currently about 10% of my net wealth lies in titxf, the most I'm comfortable risking total loss, but enough to make us comfotable for life once this plane lifts off!
Anyway just excited to get back in the game! Long and strong, in Mc we trust.
I imagine it will be light brown sugar until year's end. Then we get back to dark brown sugar.
Ill try to export it, I saw it on the bloomberg terminal. Most likely its a hard algorithm like u said but the information is out there for anyone consideeing a buyout , and it was calculated using bloombergs methodology which can't be too lacking. The price was for a prospecive buyer so it was likely discounted to what a good deal for the buyer would be not necessarily what mc could swing.
Suckitup whats your rationale for these figures? I dont see it that high but id like to know why you do. Absent a working business with demonstrated cash flows for a number of years, they aren't buying a business they're buying a product line which should fetch less.
Your intuition is correct, market comparison is one of the two main valuation methods, so theoretically an expansion in yhe market sector would be reflected in titans valuation. But there are a number of conilsiderations that would discount Titans relative valuation: no cash flows or proven business model (can the company run efficiently and provide dividends and dividend growth? What is PE?), product longevity unproven in the market, ambiguity around suppliers, and of course the big one is no FDA clearance at present. Im sure there are many ive glossed over which others will point out. But its not unreasonable to weigh the sector growth in the valuation calculation. I personally believe the sentiment on a buyout at this point is a bit optimistic. I think we would be lucky to breach $ 1B pre-FDA. Bloomberg analysts place a buyout valuayion at $500M usd as of thueaday. Post FDA our prospects look brighter. But what do I know? Mc seems to be a wizzard I'm sure he can and will squeeze as much value out of an acquisition as anyone could.