This is an extremely interesting week for TRXC. The ER on Tuesday should tell us a lot with how things have gone the last few months and I believe there will be some surprises that Pope has kept hidden. I do not expect blowout earnings mind you but I am especially interested in hearing the statements going forward from here.
For one, this stock has been beaten down WAY too far. It is still prices at just about what the FDA clearance was at. Perhaps 5.00 was a little too euphoric in October, but all the way down to 1.30.....REALLY???
The stock has rebounded over 40 per cent since that time but even now is extremely undervalued. The shorts really did a number on this but if there are a few surprise sales or some other good news the shorts could really get blown up. At 1.92, the risk is still very low for the longs considering the potential for a multi bagger if some things go right.
I would think the sales force would have a fairly easy time selling these as the product is proven to be successful around the world. Remember, some of this sales team came from ISRG and they know their competition very well. TRXC comes in showing they can do the procedure at far less, haptic feedback, 3 mm instruments that are less invasive and can be reused. This saves a lot of money down the road and can aid in recovery time.
Anyways -- this Tuesday will be very interesting. I predict this will rise into earnings and then we shall see what Tuesday night brings....good luck all!!
