U.S. Robotic Stocks: Speculators Wanted (the real kind, not the financial kind)

The first part of the robotic stock tracker is up.  The index is coming!

First observation:  It is amazing how volatile robotic stocks are and how much idiosyncratic behavior each stock has exhibited since the start of the year.   With this much volatility, one would expect robotic stocks to produce market beating performance over the long run, but they certainly haven’t done it so far this year.  In the short run, it is very difficult to value real assets that have uncertain financial prospects.  In the long run, I’m banking on an extremely bright future, powered by robots.

Better Coverage for Robotic Stocks

Unfortunately we’re still not a big enough industry that we get good news and analyst coverage on important events.  For instance, Hansen Medical (NASDAQ:HNSN) announced FDA approval of their new surgical device yesterday.  Expected perhaps, but still uncertainty reducing good news for the company, the stock should go up.  It does for a few minutes, then the market goes back to hammering them.   For a company of alumni from Intuitive Surgical, what gives?

I understand they are not growing, but it seems like they have the breathing room to perfect their product and growth does not occur linearly in these kinds of companies.  I’d love to see some good information on what the company should be valued at conditional on success and what the current market discount implies about the probability of success.

Check it out on Google finance:

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1338964260514&chddm=1955&chls=IntervalBasedLine&q=NASDAQ:HNSN&ntsp=0

Q1 2012 Conference Call Transcript:

http://seekingalpha.com/article/553711-hansen-medical-s-ceos-discuss-1q-2012-financial-results-earnings-call-transcript