With a short interest ratio north of 9, these solid results could produce a small to moderate squeeze tomorrow/next few days. The loyal and patient longs will be rewarded tomorrow and over the long haul. Solid company with solid leadership.
New guidance --------- $0.80 - $1.00
Old guidance ---------- $0.57 - $0.72
That's a huge leap in guidance. We will be breaking through $30 in no time.
I know everyone is fascinated with the robotics angle of iRobot, but this company has also achieved a breakthrough in cleanliness. The 24/7 patrolling of dirty floors is a killer service and there has never been a time in history when an advancing society has rejected an effort to be cleaner. Cleanliness is in the DNA of our species.
...and on top of that, for the 1st time in 5 years of investing in this stock, I don't feel as though I need to pull down my profits after a quarterly release. This company finally has a firm foundation, on which, it can build a wildly successful company. I am now a perma-long as I don't see any more big dips back to the teens for a long time.
As Colin has said, it's easier for iRobot to master the vacuum side of the machine then it is for the vacuum makers to master the robotics side of the product. iRobot showed up at a knife fight with a gun.