Sort sighted thinking to want iRobot to be bought out at any price. Why would you want to double your money when this stock could be a 20, 50 or 100 bagger over the next decade? They are positioned well for the future for the robotics revolution with the patents, products and partnerships they have and will establish. They have telemedicine with InTouch Health, teleconferencing with Cisco and they will be coming out with a 3D printer robot with Raytheon (and all this is documented fact, not rumor). Plus there are things we haven't even heard about that they are developing.
I'm keeping my fingers crossed that they remain independent and are acquirers rather than be acquired. Robotics will change every aspect of life and iRobot stands at the forefront and should benefit greatly and reward investors with tremendous profits
2012 full year EPS expected was .47 and actual was .61 for a .14 beat and they beat Q4 by .13 too. If that was headline would make a big difference. They have totally restructured the company and looks like they are in great shape for this year and beyond.
Does not look like they included any revenues from "emerging remote presence" business in 2013 projections and once they announce the 3D printer w/robot product that they filed for a patent the stock should really start to move.
This company is definitely set up for the long-haul massive adoption of robotics. Of course all this won't happen overnight, but the long-term IRBT holders should reward those with patients very well!! IMHO$$
Sentiment: Strong Buy
Found this article on this subject and Todd Loofbourro leaving. Good to hear Colin Angle say that iRobot "is as committed as ever (if not more) to healthcare."
Full Disclosure - Long iRobot and plan to be for years!
Great article, thanks for posting! We are in the very early stages with robotics and I believe this is going to be huge (think of the begining of computers) and right now iRobot looks well positioned to benefit! Starting to see all kinds of news stories and hear about robotics more and more.
Full disclosure - I'm long iRobot, and plan to be for years!
I too have been watching ADEP as a robotics play as I think robotics is going to TNBT (next big thing) and be a huge industry. Their management has sold 60% of their shares in teh last 6 months, which i don't think is a good sign. If they felt there was good growth they would be hanging on to shares.
Right now it looks like IRBT is the only "solid" robotics play. IMO IRBT is a good buy and hold for the next 10-15 years as this industry becomes huge!
Full disclosure - long IRBT
I'm long IRBT and think there potential is enourmous, but I agree with your concern. In the month of March John Leahy the CFO sold what looks like (if I read it right) almost half of his stock in IRBT. He sold 43,707 shares and now has 68,956 shares as of 3/22/11. For a CFO to sell that much of his position has me a bit concerned. Any thoughts?
I've been following iRobot for a while and beleive it has a great long term potential, but I have not been able to find any information on it's healthcare division that was started back in 2009. This was supposed to be a huge area for potentila growth and there is no longer any info on the website about this area. So, I emailed iRobot invester relations and the response I got is below:
Thank you for your interest in iRobot. In February 2011, the company combined its Home Robots Division and Healthcare Business Unit into one organization. Subsequent to the combination of the businesses, Tod Loofbourrow decided to leave iRobot to pursue other interests.
Elise P Caffrey
VP, Investor Relations
I'm wondering if anyone has any info on this division. are they no longer pursuing this area or just in "stealth mode."