I still stand behind everything written in that DD, with the only Ford GT MK II GT40 1966 Ken Miles Shirt I’d like to change is the expiry date on the calls from May to August. And again, if you’re sitting on May calls that are way, WAY down….I wouldn’t cut bait with them just yet just because they’re already almost worthless and there’s still a puncher’s chance they fight back. This thing has started to get some life, and I wouldn’t bet against it being able to hit that strike in a month – well, I wouldn’t bet a lot. I would just feel better if it were 4. Long term, this is still going to be a great investment.
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This means that they had a bunch of extra Da Vincis laying around in a warehouse and were selling them to medical centers at a steep Ford GT MK II GT40 1966 Ken Miles Shirt, which is why they sold so many more robots than any analyst expected (30% more than pre-COVID sales), and also lowered their expenses for the quarter. These are neat tricks that a company can only pull every so often, and it was smart of $ISRG to not only have that one in their pocket for a rainy day, but also the wherewithall to play the card at the best possible moment. So, in a way, the thesis itself was sound and the quarter would, in fact, have been a down one had they just been organic about it all, but I failed to account for easily accomplished accounting magic and motivated sale pricing to ensure a quarterly beat. Which is something I’ll remember next time I think about shorting a company that beats on quarterlies almost 90% of the time.
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