Based on the aggregated intelligence of 135,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, digital video recorder company TiVo (NYSE:TIVO) has received a distressing two-star ranking.

With that in mind, let's take a closer look at TiVo's business and see what CAPS investors are saying about the stock right now.

TiVo facts

Headquarters (founded)

Alviso, Calif. (1997)

Market Cap

$1.13 billion

Industry

Application Software

Trailing-12-Month Revenue

$243.8 million

Management

President/CEO Thomas Rogers

Co-Founder/Chief Technical Officer James Barton

Return on Capital (average, last two years)

(42.2%)

1-Month Return

54%

Competitors

Dell (NASDAQ:DELL)

Microsoft (NASDAQ:MSFT)

CAPS members bearish on TIVO also bearish on

Palm (NASDAQ:PALM)

Amazon.com (NASDAQ:AMZN)

CAPS members bullish on TIVO also bullish on

Apple (NASDAQ:AAPL)

Google (NASDAQ:GOOG)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS.

Over on CAPS, fully 214 of the 982 members who have rated TiVo -- some 22% -- believe the stock will underperform the S&P 500 going forward. These bears include my Foolish colleague Rick Munarriz (TMFBreakerRick) and All-Star gaamuol.

Just last month, Rick showed some skepticism over the stock's recent surge (fueled by its patent-related court win over rival Dish Network): “I own TiVo shares. I own a TiVo box. I'm a fan of TiVo. However, I've watched it long enough to see that it eventually gives away a good chunk of the big gains it gets after winning a patent fight. Here we go again.”

In an earlier pitch, gaamuol recorded some bearish thoughts of his own:

This cutting edge company has lost the edge to its competitors. Although it holds many patents on technology some are in contention and some will prove to be unenforceable. Despite its victory over EchoStar (Dish Network) … I fear that TiVo is undercapitalized and playing in a market which it cannot hope to prevail. It is possible that some of the "big boys" may just buy the company to obtain the patents; however, I am not sure how such actions may be viewed by the board of TiVo.

What do you think about TiVo, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 135,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Dell and Microsoft are Motley Fool Inside Value picks. Amazon and Apple are Stock Advisor selections. Google is a recommendation of Rule Breakers. The Fool's disclosure policy always gets a perfect score.