I doubled down at 25.61. I believe it is over done here and expect a 4-5 percent pop pretty quick unless the market tanks. Some beautiful charts for Irbt here. http://www.fool.com/investing/general/2012/02/09/irobot-misses-on-revenue-but-beats-on-eps.aspx
This should pass. The expectations have now been brought down to size. Low expectations work wonders for stocks and it probably won't be any different here. Might take some time to back and fill here. now of course if the markets go in the tank then all bets are off
Have a long-time core position that I'm not touching. Bought 1K mainly for a short-term trade but may end up keeping a portion of it for the long haul. This is an excellent buying opportunity.
A year ago this stock was $28.00 following 2010 end of year earnings, which amounts to what is forecast for 2012.
They carry little to no debt and have $6/share in cash. Anything UNDER $28 seems unreasonable, as the guidance is likely to be conservative given the economic climate. They have also made great strides in increasing their margins on the revenues they are bringing in.
Granted the margins are thinner on the home use products as compared to the G&I products, but with expansion into overseas markets and a recovering economy here at home, I don't doubt they can grow the consumer side of things while they figure out the short term shortfall on the military side of things.
I don't have much free cash left at this point, but moved some things around and picked up another 100 shares at $25.80.
Fully believe this is oversold, and will be back to $30 in no time. Adjusted PPS target by JP Morgan is now $30 (down from $37.50), so I don't think it should go much below $26; and if it does it woun't stay down for long.