Want Growth? These 3 Numbers Show Why You Could Find It With Intuitive Surgical Stock
When it comes to growth stocks that tend to keep growing year after year, Intuitive Surgical (NASDAQ: ISRG) is near the top of the list. Since its surgical robots hit the market in the year 2000, its shares are up by more than 14,250%, obliterating the market's return of 340% in the same period.
It probably won't climb that much over the next 23 years or so, but it could still be an excellent investment for growth. Here are three numbers that explain why that's the case.
Intuitive Surgical's recurring-revenue flywheel is one of the strongest drivers of its present and future growth. In short, via its razor-and-blade business model, it sells da Vinci-branded robotic-surgical suites to customers, who then also need to pay for a handful of different add-on products and services on a regular basis to continue using their robotics. The more customers use their systems, the more they need to pay. And the more da Vinci units are installed in hospitals worldwide, the bigger the company's recurring income becomes.
Source Fool.com
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