looking at the 5-day chart i dont see this going lower anytime soon. this stock is headed back to 30's and will hold between 27 and low 30's until next call when future direction will be revealed. expect a good announcement or 2 on new products and or contracts to prop it up until next earnings. good company, good management, cash on hand and no debt.............22.00 was struck on lower general market.........only my opinion of course........
Well, this is what worries me a little. If next years earnings are going to be between .75 and .95 that means the P/E for next year will be well into the mid-thirties. This would meant IRBT is not truly undervalued at this moment in time. I do, however, think it makes for a compelling very long time hold of about 10 years or more. So I bought some shares and am sticking it in the corner of my portfolio to look at ten years from now :)
I think the outlook and estimates provided are underestimated. You will see blowout number reported by IRBT the following quarter because they lowered their expectation so much. That's why we should buy now while the price is still low... and IRBT's fall has already accounted for with the 30% drop.
thats how i started and still am in that process of slow accumulation (past 4 years)... and this is a very long term stock... i have my sights on like 2020-2025... look at aapl.. took them almost 30 years to get it right but then they get it right... look out :P