iRobot On My Mind

iRobot (IRBT) has been doing well over the span of the last few months. Here's a headline I saw yesterday (02012.12.20): "The Downside to Robots? Almost None at Motley Fool (Thu, Dec 20)". I disagree with Motley Fool and it has to do with timing. IRBT closed yesterday (02012.12.20) at $19.02. IRBT 52-week range: $16.25 - $38.33. In other words, IRBT has lost more than 50% of its value over the span of the last ten months.

On 02012.02.08, IRBT closed at $38.30. One day later, on 02012.02.09, IRBT closed at $25.17. It subsequently fell to its current 52-week low of $16.25 on 02012.11.16.

I'd like to think the downside for IRBT is almost none. At 9:03am MST on 02012.12.21, IRBT was at $18.69 giving the stock a PSR (Price Sales Ratio) of 1.13 (I think this is low). iRobot has approximately $6.84 per share with $0 debt. Short Interest Ratio for IRBT is 11.9 (I think this is high).

[update::02012.12.23] Yikes! Yesterday (02012.12.22), after I posted this posting about iRobot, IRBT dropped 4.31% and closed the day at $18.20. Trading volume was 2.88 million vs. a trailing-3-month average of 0.28 million.