How could you not like having this guy at the helm..? Colin Angle (born 1967) is co-founder, chief executive officer and chairman of the board of iRobot Corporation, maker of the Roomba vacuum cleaning robot and the PackBot military robot. He holds a Bachelor of Science in electrical engineering and a Master of Science in computer science from the Massachusetts Institute of Technology. In iRobot’s early days, Angle and his team designed the behavior-controlled rovers for NASA that led to the Sojourner exploring Mars in 1997. Angle’s team won the NASA Group Achievement Award for its accomplishments, and his name is inscribed inside the case of Spirit, the Mars exploration rover on display at NASA. Before co-founding iRobot in 1990, Angle was president of Artificial Creatures Inc. Earlier in his career, Angle worked at MIT’s Artificial Intelligence Laboratory, where he first teamed with iRobot co-founders Helen Greiner and Rodney Brooks. Angle’s master thesis at MIT produced Genghis, a six-legged autonomous walking robot that has been displayed at the Smithsonian National Air and Science Museum in Washington, D.C. Angle has won numerous awards. He currently sits on the board of directors of Axon Labs, Inc. and is active on the Robotics and Intelligent Machines advisory board.
The reason why I started buying this stock at 16.50 was that i liked the balance sheet and management. They ended 2012 with 125M in cash and no liabs. Compare that to a company like Soda. Yes, I like earning per share growth just like the other person, but I think people put too much weight into that for valuation. I also like the CEO and how they handle the conference calls. They need 1 product to take and this thing could start really moving.