Management Shakeup = MAKO Turnaround?
Jul 18th 2012 11:31PM
Updated Jul 18th 2012 11:32PM
MAKO Surgical has had a rough go of it lately after revising guidance down twice in as many quarters. The recent disappointing sales of its RIO system has come to roost in the management suite as VP of sales Stephen Nunes resigned and CEO Maurice Ferre will take over on an interim basis. Watch and find out what it all means for investors and whether the management shakeup will help rebound a stock 70% off its 52-week high.
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At the time this article was published David Williamson owns shares of MAKO Surgical, but he holds no other position in any company mentioned. Check out his holdings and a short bio. The Motley Fool owns shares of Intuitive Surgical and MAKO Surgical. Motley Fool newsletter services have recommended buying shares of Intuitive Surgical and MAKO Surgical. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
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