Im a fundamental guy as I've mentioned before. But thought its worthwhile to mention the moving averages. 10 and 20 dma both over the 200 now. 50 approaching the 200. If the 50 crosses above then we have a Golden Cross. FYI.
iRobot Corp., Bedford, Mass., was awarded a $14,424,220 firm-fixed-price contract. The award will provide for the procurement of FirstLook robotic systems, spare part kits and robot accessories. Work will be performed in Bedford, with an estimated completion date of Aug. 20, 2013. One bid was solicited, with one bid received. The U.S. Army Contracting Command, Warren, Mich., is the contracting activity (W56HZV-13-C-0124).
FYI guys. On the conference call they did say they have to fall in love with an aquistion target and they are just not seeing any right now. Not in an environment with high quality acquisition opportunities. They did say they continue to evaluate and talk to the board about repurchases. They also did say their cash build gives them a little more comfort in terms of starting to progressively evaluate something like repurchases. Just saying it could go either way. Still bullish on the long term prospects of this co. I've been long and buyinnnnnnng for 2 yrs now. Love that this co has so many levers to pull. It's Colin's style, he said once he likes "to have lots of irons in the fire.". To not only have the plan, but to have the backup plan, and the back up back up plan. His style is reflected in the company's DNA. Diversified. Strong buy....I'll buy more tomorrow.
Ps. Ive said it many times on here, roomba alone justifies a higher valuation. My 2c
Good call yes. Home robots growing still. I've said it before, roomba valuation alone should be higher than stock today. (my opinion u do what u want). I'm still a buyer on pullbacks. The growth could be surprising and explosive one day, and I wanna be on board and willing to tolerate dips. To study the call however is ur job;).
And yes, I echo the Steve Jobs pattern Colin Angle shares....