and a Visionary who is a Pragmatist is the rarest of all.
I've noticed that many great companies are closely identified with a leader. Amazon - Bezos, Oracle - Ellison, Netflix - Hastings, Apple - Jobs, Microsoft - Gates, Walmat - Sam Walton, etc., etc.
That's what we have with iRobot. A single-purpose human who knew from the earliest times of his life that he wanted to build robots. He went to MIT, graduated and formed iRobot with his professor and another graduate. Only 22 at the time, he is now 45 with 23 years under his belt as CEO.
He faced a huge crisis in the past couple of years with the collapse of the defense division from $187 million to $50 million yet Colin managed to resurrect the company in quick fashion and now we are heading toward a new stock high.
With a TAM that has almost no limit, we shareholders could be in for the ride of our lives.
You may be right. I bought a Roomba about a month ago. It was free because I traded a few hundred shares of stock and made a quick $500. I just got back in because.....along with agreeing with everything you just said..... I think they've got a good product. They're customer support is superior. And it seems as rates rise, growth might become more of a focus than dividend and value stocks. you can't discount military sales to other countries like brazil.....also....I like that irbt caters to upper end consumers. Stock has had good relative strength for most part in these down days we've been having. I'm back in.