Barry Posternak
Long/short equity, medium-term horizon, small-cap, micro-cap

iRobot: A One-Product Consumer Electronics Company Misperceived As Riding A Robotics Trend

iRobot has had a big move of late, up 90% in last 52 weeks and 25% YTD, recently reaching an all-time high. Part of the enthusiasm for the stock comes from Google's acquisition of Boston Dynamics for an undisclosed sum. IRBT's stock raced up 17% on the announcement. While Google is interested in robotics, it has acquired early stage private companies more for the engineering talent than their cu...

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