Thursday, September 12, 2013

"Why Investors Have to Own iRobot: Howard Lindzon" (IRBT)

The stock is up $1.45 on the day, $37.68 last.
We've had some posts on this one, links below.
From Yahoo Finance's Daily Ticker:
The robot trend is in motion, says Howard Lindzon, CEO and co-founder of Stocktwits. And iRobot (IRBT) is "the Intel of robot brands."

iRobot, a company that is perhaps most famous for the automated vacuum machine Roomba, has incredible potential for expansion Lindzon says.

"They don't have a huge brand name...but they have been around 10 years and have done a billion dollars in sales," he explains. "iRobot has got real business with the military and with the governments but behind the scenes they're taking all of those applications and trying to figure it out for consumers."

Lindzon sees iRobot's market cap increasing to $10 billion from its current $1 billion in a few years.
"When this robot trend hits, which it will with drones and consumer products, iRobot is going to be the company," he says....MORE
HT: Abnormal Returns 

In chronological order:
Jan. 7, 2013 
Fire the Pool Boy: iRobot Unveils Swimming Pool Cleaning Robot (IRBT)
Or at least pay the poor kid for having to put up with you.
The stock closed at $20.56, down 16 cents
.  
Feb. 6 
iRobot Just Violated Asimov's First Law of Robotics (IRBT)
Back to IRBT, I used to think of them as a niche player with the Roomba. Then they go and do something like this, reported Jan. 29: 

iRobot files patent for machine that 3D prints autonomously
Apr. 24 
What had been a one trick pony oddity has turned into the pure play publicly traded robot company. That said the company has to keep  innovating product to take over from the Roomba.
May 2013
iRobot Gets Security Contract for 2014 World Cup (IRBT)
The stock is up 57 cents at $34.00.
This is not the company it was five years ago....
June 11, 2013 
Inside the Lab Sparking the Robot revolution (IRBT)
It is just astounding how important iRobot is to the entire robotics scene, especially in and around the Boston schools. The stock is at $35.02 up a couple pennies....
There are more, I'm too lazy to look them up. If interested use the search blog box, keyword IRBT