iRobot Back to its Old Ways

After posting solid Q2 earnings and getting a nice upswing in share price as a result, iRobot (IRBT) is back to its old ways and continues to drift lower.

By the way something similar happened last quarter as well. I like the company and the robotics field but this stock has been in the dog house too long. I am not sure what the bottom is but it seems like iRobot needs to let us in on some of its future offerings to maybe jump start this stock again.

IRBT 1-yr chart:

Comments

[Dave Huntsman:]

<i>I am not sure what the bottom is but it seems like iRobot needs to let us in on some of its future offerings to maybe jump start this stock again.</i>

That's as incorrect - and even illegal, in a way - as it gets: it is very explicitly NOT iRbt's job to manipulate the stock in the short term to entertain those with possibly short attention spans. Their job is to run the company - well - and strategically, for the future. iRbt has also taken on the job of changing the world while they are doing that - which makes it fun. But expending management time and energy to try to pump up the stock price temporarilly just to satisfy the bored is not how they got the company even got to this place in the first place (or how they put two robots to work in my own condo).

2006 Aug 09 09:14 PM