I originally bought 40 shares of this company, which makes medical robots, back in November 2006 for $97.21. I sold half In April 2008 at $359.99, and I bought them back six months later at $178.40. Now I’m dumping all 40 shares at $321.55 — not as good a price as my first dump, but whatever. (We could’ve bought this company for $85 a share back in March 2009, lest you think I have a clue.)
I still like this company. Revenue growth is still something like 25%, and income 40%, and in this crappy economy. Still, even with their strong profits and growth, the growth seems to be slowing, and it’s difficult to price this stock as worth much more than $160. And when a stock sells for double what I think it’s worth, it’s probably time to find something cheaper.
I’ll buy it again if it drops below $200.