Thursday, February 5, 2015

iRobot (IRBT) Tanks After Reporting 4Q'14 Results

iRobot (IRBT) was down 11+% this morning (02015.02.05) after reporting 4Q'14 results after the markets closed yesterday. The company had a solid quarter, but short term "investors" didn't like the iRobot's guidance for 02015.

IRBT closed yesterday (02015.02.04) at $31.96. This morning IRBT hit a new 52-week low of $28.05. 52-week range: $28.05 - $48.36. I can't help but wonder at what price does iRobot become a takeover candidate.

[update::02015.02.05] IRBT ended the day at $29.15, down almost 9%, after hitting a new 52-week low of $28.05. Volume was almost 10-times the trailing-3-month average.

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