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January 28th 2013
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Common Cents Investment GroupJanuary, 2013
Agenda
T-shirts! Survey discussion Today in the Market Robotics and Biomedical discussion
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Common Cents Investment GroupJanuary, 2013
Today in the Market
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Common Cents Investment GroupJanuary, 2013
Today in the Market
http://www.bloomberg.com/video/the-top-ten-stocks-for-jan-28-KcCBO04SRZae4SLmmW~Bzg.html
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Common Cents Investment GroupJanuary, 2013
Today in the Market
Update on Dell Up past $13/share Next earnings date is:
February 19th, 2013
Low P/E ratio : 8.90
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The Robotic Industry
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Common Cents Investment GroupJanuary, 2013
Robotics
“The branch of technology that deals with the design, construction, operation and application of robots, and computer systems for their control, sensory feedback, and information processing.”
“These technologies deal with the automated machines that can take the place of humans, in hazardous or manufacturing environments”
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Common Cents Investment GroupJanuary, 2013
Robotics
Robot in a foundry SegwayMilitary Style Robots
Intuitive Surgical Robot
Robotics at Toyota
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Common Cents Investment GroupJanuary, 2013
Robotics
First read about it in the fourth December Kiplinger Letter of last year.In summary:There is tremendous growthSales are expected to sky rocketTechnology changesThe uses are becoming more applicable to our lives and businessesIt’s becoming more economical to utilize robots
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Common Cents Investment GroupJanuary, 2013
Growth
There are 1.4 million industrial robots deployed worldwide Several million more for in-home use
2010 120,000 manufactured and shipped
2012 180,000 manufactured and shipped 50% growth in 2 years
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Common Cents Investment GroupJanuary, 2013
Growth
Three Ds
Too Dirty Too Dull Too Dangerous
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Common Cents Investment GroupJanuary, 2013
Growth
Estimates say there will 210,000 in 2015 A total of ~ 16-million household robotics
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Common Cents Investment GroupJanuary, 2013
Sales
Only 10% of potential industries utilize robots Automobile industry are the biggest users
Spot welding Frame assembly Coating and Paint Transportation Manufacturing Line & Supplies
Major automobile making nations average 1,260 robots for every 10,000 employees
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Common Cents Investment GroupJanuary, 2013
Sales
Only 55 mechanical laborers per 10,000 humans in other manufacturing nations South Korea & Japan remains leader in
robot density 347/10,000 & 339/10,000
United States firms have ~ 135/10,000 By 2015, sales expected to grow about
11%
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Common Cents Investment GroupJanuary, 2013
Technology Changes
Faster internet connections Robots seek information & learn on the job Acquire better models, in real-time Cloud computing Eliminate bulky
processors
Better Micro-Processors Cuts costs and increases efficiency
New materials
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Common Cents Investment GroupJanuary, 2013
Technology Changes
Advanced sensors Sense temperature, pressure, texture much
quicker Higher degree of accuracy Replicate human hand The “Human
touch”
AI (Artificial Intelligence) The act of learning New algorithms Smarter machines
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Common Cents Investment GroupJanuary, 2013
Technology Changes
Nanotechnology Robots small enough to enter the human
body Crossing into the biomedical industry
Also includes precise machining and drilling for nanosurfaces
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Common Cents Investment GroupJanuary, 2013
Technology Changes
Teamwork The ability to combine
efforts and allow interaction
Carnegie Melon
Humans working side by side with robots
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Common Cents Investment GroupJanuary, 2013
Uses
Packers, Couriers, and assistants Walgreens and Toys”R”Us
Industrial Workers Rivets, welds, lifting, etc.
Farming Weeding, fertilizing, etc.
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Common Cents Investment GroupJanuary, 2013
Uses
Medical Clean out arteries, deliver drugs
Military Drones, border surveillance, decoy soldiers, etc. Roughly 35% of current aircraft are drones Bumblebee-size scouts
Household helpers iRobot, Windoro™, laundry folding, etc.
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Common Cents Investment GroupJanuary, 2013
Economic Impact
Boost in productivity Computers boosted output per hour of labor
1.6% in 1970-1995 to 2.6% in 1996-2005
New jobs (Over time) Hard to imagine… With a new industry, comes need for design,
manufacturing, monitoring, fixing, etc. New jobs in related fields
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Common Cents Investment GroupJanuary, 2013
Economic Impact
New Jobs More growth More disposable income
More spending More demand for goods More demand for people to fulfill demand!
Not so painless… Robots will displace thousands of jobs China, Japan and South Korea may take
largest hit No need for labor Manufacturing in the USA
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Common Cents Investment GroupJanuary, 2013
Economic Impact
Investing in automation pays off In 1990 an expansion would have cost a
firm twice as much to automate (robots) than to fulfill with humans It’s about equivalent today
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Intuitive Surgical (ISGR)
A quick peak at a stock…
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Common Cents Investment GroupJanuary, 2013
Overview
Sunnyvale, CA Da Vinci Surgical System Less than 1,000
employees
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Common Cents Investment GroupJanuary, 2013
ISRG
Currently dominate the medical robotic industry Biomedical field is known as one of the
most profitable fields for manufacturing Christian discussed this with Atrion
Da Vinci product is revolutionary
Company estimates revenue growth of 21%-23% year after year
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Common Cents Investment GroupJanuary, 2013
ISRG
A lot of cash $4.6B
Very high EPS (Earnings/Share)
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Common Cents Investment GroupJanuary, 2013
ISRG
No outstanding debt Investments
Short: $1.14B Long: $1.6B
Risks: High P/E ratio: 36.17 No dividend
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Common Cents Investment GroupJanuary, 2013
Resources
http://seekingalpha.com/article/400941-my-2-best-performing-stocks-of-the-last-year
http://seekingalpha.com/article/1049421-intuitive-surgical-leads-the-pack-in-robotic-surgery
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Common Cents Investment GroupJanuary, 2013
Membership
Cost is only $20 for the whole year! Benefits:
Member of a very beneficial and informative club that will inevitably be valuable in your future
A network of friends who share a similar interest in investing and personal finance
A virtual portfolio challenge that will strengthen your confidence in investing
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Common Cents Investment GroupJanuary, 2013
Membership
Make sure to check out our website for the presentations Monday night | ccig.osu.edu
Get on our Facebook page and like us!www.facebook.com/ccigosu
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Common Cents Investment GroupJanuary, 2013
Questions?
Questions, comments or concerns?