Opinions
The Panic-Proof Portfolio (Stockchase Research)
iRobot Corporation
IRBT-Q
PAST TOP PICK
Dec 14, 2021
(A Top Pick Oct 14/21, Down 14.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with IRBT has triggered its stop at $70. To remain discplined, we recommend covering the balance of the holding at this time. When combined with the previous buy recommendation, this results in a net investment loss of 20%
$65.600
Stock price when the opinion was issued
Consumer Products
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TOP PICK
Stockchase Research Editor: Michael O'Reilly IRBT is really cleaning up as it just reported a 57% increase in revenues. Direct to consumer sales were up 146% and EPS of $0.41 beat expectations by $0.62. Semi-conductor constraints were mentioned as a reason for a slight increase in costs, but this will ease soon. It trades at 18x earnings, compared to peers at over 50x. Over 95% of the shares are institutionally held, providing good staying power. We would buy this with a stop loss at $70, looking to achieve $120 -- upside potential over 28%. Yield 0% (Analysts’ price target is $119.67)
Consumer Products
TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate IRBT as a TOP PICK. It trades at 21x earnings compared to peers at 32x. It is growing cash reserves, despite buying back over $40 million of its shares. We would buy this with a stop loss at $70, looking to achieve $108 -- upside potential over 30%. Yield 0% (Analysts’ price target is $108.20)
Consumer Products
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