MDT - Intuitive Surgical: The Wide-Moat Growth Story Appears Promising But Overloved
Source: forbes.com.
Overview
California-based Intuitive Surgical (ISRG) develops, manufactures, and markets robotic products designed to improve clinical outcomes and experience of patients, reduce medical risks, and lower healthcare costs through minimally invasive surgery, most notably with the market-dominant Da Vinci Surgical System.
Intuitive Surgical appears to be a "perfect" business from value/quality investing perspective, thanks to its standard-bearing products in the space, recurring sales model, sustainable competitive edges, and organic growth opportunities and industry tailwind. The only thing we are most concerned with is the hefty valuation as Mr. Market seems to