First off, I just heard back from Beverly regarding a reverse split. I hope you all are sitting down for her very detailed, earth shattering response, "None are planned". Not that I was really expecting more, plus it was also sent from her mobile.
I appreciate your thoughts and analysis GEO. You seem very logical and level headed when it comes to TITXF expectations. I would argue the premium we anticipate Titan trading at in a couple years is do to several reasons:
1. The robotics market is growing rapidly, with estimates reaching 15-20 billion by 2018. A large chunk is waiting for Titan as many are tired of ISRG and there bullying.
2. Titan's software/technology is rumored to be unbelieveably impressive, and will add extra value.
3. Titan's market will include several different areas that ISRG can't compete with: smaller/regional hospitals, surgery centers, etc.
4. The neverending assumption that Titan will be acquired. This will only increase as they continue to accomplish there goals.
5. International exposure and potential. Agreements in India and Europe, with obvious connections in Canada.
6. Premiums always seem to be placed on the newest, state of the art technology in a growing, established market.
7. Ask CUIN, Invest, Point, Honey, etc. There smarter than I am and probably can explain TITXF potential better than I can :)
I hope I don't sound like a pumper. I have my concerns, but right now they appear to be doing everything right. Hopefully May's report will give us more to work with. I will reiterate that my 50-100 is just a range, with 100 pps being the top of that range.
As always, this is JMHO...
