Should You Buy Intuitive Surgical Stock Today, or Wait for a Better Price?

One of famed investor Warren Buffett's principles is to buy shares of wonderful companies at fair prices to hold for the long term. Let's try to use it to decide whether Intuitive Surgical (NASDAQ: ISRG), a medical device specialist, is worth investing in today.The healthcare giant certainly appears to be a wonderful company. Intuitive Surgical is helping revolutionize medicine through innovations in robotic surgery. The company's da Vinci system, the first robotic-assisted surgery (RAS) device to be cleared in the U.S., is the runaway market leader.Intuitive Surgical generates consistent revenue, profits, and cash flow. It even benefits from a moat thanks to intangible assets (patents that grant it some degree of pricing power) and switching costs -- its devices are expensive to buy and to train medical staff on, making the prospects of switching to a competitor almost prohibitively expensive. Strong cash generation and a moat are two key attributes that Buffett loves.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool