Crystal Ball… And IPOs
We got a lot of feedback about a situation in California — a robo-doc delivered fatal news to a patient and his family.
This next contributor’s experience is wild…
“I’ve heard about some crappy bedside manners before but that takes the cake.
“My wife had a robotic surgery; the anesthetist in the operating room came out with a broken hand from protecting my unconscious wife from getting her jaw broken by the robot.
“Robotics are a good idea from a pinpoint-accuracy standpoint but, then, [robots] are only as good as the person behind the controls.”
And this expert opinion from an attorney (and we like the cut of his jib):
“Your story regarding the hospital robot is absurd — a total and inexcusable lack of compassion. The doctor should have his hospital privileges taken away, if not his license to practice medicine.
“The family should call local news to tell them what happened; hopefully, the story would circulate the name of the hospital. It deserves to have its brand diminished. Potential patients should know how the hospital operates.
“A letter to the hospital’s board should shake things up. The CEO of the hospital should be fired. The robot can deliver the news to the CEO with a video [of] the chairman of the board, telling him to clean out his desk and leave immediately.
“I believe that California recognizes a cause of action for negligent infliction of emotional distress. If so, a lawsuit could be filed by the family members and also by the estate of the deceased.
“Get in front of a jury and ask for punitive damages!”
We got so much feedback, we’ll continue the conversation Monday… and you might be surprised by what readers have to say.
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Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Friday, March 15, 2019:
Well That Was Quick…
Just two days ago we talked about the spectre of an Uber IPO; right on schedule — we said it would happen 3 to 8 months after Dec. 2018 — we read this headline at VentureBeat: “Uber Plans to Kick Off IPO in April.”
And in case you’re wondering about the other ride-sharing service, Lyft already filed papers with the SEC March 1 and secured a ticker. Can you guess? LYFT.
[Between friends, if you just have to take a flyer on a hot IPO, our bet’s on Lyft. We already talked about Uber’s paper tiger status Wednesday.
A few reasons we like Lyft: The company’s stayed out of the tabloids. Second, Lyft is actually growing faster than Uber. Last, Lyft isn’t in debt. That’s right… “Of the 2,” says Koyfin, “only Uber has used debt financing or private equity money.” And how… ]
We digress. For the record, the IPO space has been pretty quiet since 2014 but things are picking up in 2019. The idea is IPOs are rushing to get ahead of the election cycle that’ll reach a fever pitch in 2020 — not good for stocks.
But if you’re looking for the best-performing recent IPOs, look no further than smaller IPOs in the Software as a Service (SaaS) sector.
With the exception of Dropbox, these stocks have seriously outperformed the S&P 500.
How to get exposure: if you’re a risk-tolerant investor, there’s the Renaissance IPO ETF (IPO) with a year-to-date return about 30%.
Less of a risk taker? How about PowerShares Dynamic Software ETF (PSJ)? The fund is spread among some of the best-performing software stocks — like the SaaS companies above.
Market Rundown for Fri. March 15, 2019
S&P 500 futures are up 5 points to 2,813.8.
Oil is down 50 cents to $58.12 per barrel.
Gold’s up $8.70 to $1,303.80 per ounce.
Bitcoin is up $30 to $3,910.81.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
Have a good weekend. We’ll catch up Monday.
For the Rundown,