Barron's Eric Savitz tries to make sense of IRBT's recent surge.
Here's this very interesting nugget:
So, strap in folks. The new Roomba launch and military contracts and the two new consumer products all coming together at the same time should make for a very interesting (and profitable I hope) six weeks...
Wednesday morning, Needham analyst James Ricchiuti repeated his Buy rating on the stock, citing strong demand for both military and consumer robots, and taking note of the rise in the stock price on the DOD’s search for new robots. He also notes that the company next week will launch a new version of its Roomba vaccuum cleaner line next week...
(Thx, byronangel)
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