iRobot (IRBT) Crashes

iRobot (IRBT) lost 10.42% of its market value on 02014.04.23. Volume was 2.8 times the trailing 3-month-average. It appears as though Wall Street's short term investors and not happy with iRobot thinking long term. IRBT closed yesterday (02014.04.23) at $35.52. 52-week range: $27.75 - $48.36.

Stocks::Stuffer iRobot posting from three weeks ago 02014.04.03...

iRobot (IRBT), after the market closed on 02014.04.02, reported that they had allocated $50 million to buyback IRBT shares over the span of the next year. "The Board's authorization of a share repurchase program reflects our confidence in the health and long-term outlook of the company. With a strong balance sheet and cash flows, we believe we can take advantage of volatile market conditions to buy back our shares while maintaining the flexibility to make strategic investments in our future." -- Colin Angle, iRobot's chairman and CEO

Stocks::Stuffer iRobot posting from yesterday (02014.04.23)...

iRobot (IRBT) reported 1Q'14 results after the market closed yesterday (02014.04.22). I liked iRobot's start to 02014, but IRBT fell 4+% in after hours trading. My guess is Wall Street didn't like CEO Colin Angle saying, "Based on our Q1 results and our outlook for the rest of 2014, we are reaffirming our full-year financial expectations [...]". IRBT closed yesterday (02014.04.22) at $39.65. 52-week range: $26.30 - $48.36.