Can someone tell me what I'm missing here? This still seems to be a screaming short down to the low 20's.
I checked their website and their product lineup doesn't seem to have changed in 5 years.
Is this just another pump and dump stock wall street is peddling?
I just take a look at the patents they have and that tells me to hold my shares
Better vacuum cleaning patents? How boring.
IRBT reminds me of CROX back in 2007. Wall street ran it up, inflated the bubble... but at the end of the day, they were a company that made rubber shoes.
At the end of the day, IRBT is a company that makes small novelty vacuum cleaners.
The fact that you refer to them as a "vacuum cleaner company" shows how incredibly shortsighted you are.
Long time investor - vacumns are now 90% of business and subject to blips in retail sales. With the wars winding down the their products are vulnerable. Not even movement after 5 years. We've been waiting a long time!