Roomba is not a toy. I have use a Roomba for the past 5 years. Automatically, every Saturday morning it vacuums the upstairs. During the week I bring downstairs to vacuum the living and dining rooms. The house has never been cleaner. Dust bunnies are gone.
As population ages it makes more and more economic sense. It is a lot cheaper than a made. Just like as population ages driverless cars and other automated devices will become more and more economically viable.
I am surprised we have not yet seen the " announces investigation into possible breaches of fiduciary duties by the IRBT board".
Selling the defense part of the company is a big, big mistake! Looks like someone took the stockholders to the cleaners on this deal. Hope the SEC investigates this.
PVHO looks like it is on the cusp of a break to the upside. Check out the most recent press. The company just received some bullish coverage from Intel which is pretty impressive for such a low priced stock. In addition to that they just had record revs last quarter of over 1m. This type of growth stock only comes around once in a while so start your research.
The current CEO needs to go, BOD needs to seek out strategic partners or buyers to maximize share holder values. The company is becoming irrelevant as time goes by.
Sign up to ULTIMATE STOCK ALERTS (search them in GOOGL) and watch their next few plays. I have been impressed so far.
Company just announced earnings results or last quarter and and all of 2015. After market reaction is quite negative, driving price below $31. Conference call tomorrow at 8:30AM. If market opens at $31 or lower, will certainly buy back.
It is over priced "Toy".. Already a few companies trying to fit themselves into iRobot market share. ie. LG, Dyson. Don't mention that USD is expensive and will reflect on price increase on local currency.
Hmmmmmm ..... well, it doesn't seem like they are getting much money for it and it did seem that the Defense Unit had beneficial synergies with their Home Unit. I was surprise Colin Angle agreed to this deal. I've gone from looking at I-Robot as a long term investment to a pretty good short term investment. Ultimately, the price of the stock is still cheap just based on the vacuum cleaner sales alone. I will probably keep some money in I-Robot but will sell in the next couple years.
Rich people have disposable income regardless economic conditions others care about. They are most likely to continue to buy silly toys. That said, I would have kept the millitary component for the reasons you mention. I still expect a buyout from a larger tech companydown the road.
I don't selling the military business is a good thing. That is recession proof revenue. The other stuff are rich people silly toys. I went short today and will cover when you start buying back.