Tumultuous times have offered some of the best opportunities to buy stocks, and the market's recent mess surely qualifies. And though robot designer iRobot
In our Motley Fool CAPS community, about 89% of the 1,119 investors rating the company are bullish, so there's no shortage of reasons why iRobot will thrive, three of which I've highlighted below.
But here at The Motley Fool, we're all for looking at both the good and bad sides of an investment. Once you're done with this article, you can read the case against the stock, weigh in with your comments below, or rate iRobot in CAPS.
1. Strong performance
iRobot's most recent quarterly earnings, which showed strong financial results in both its major operating segments, only solidified some CAPS members' belief that iRobot has a big future ahead of it. It reported a 59% jump in revenue overall, helped by solid sales of both its home robots and government and industrial sales. The performance was more than good enough to add more cash to its debt-free balance sheet, another star quality that investors like.
2. Unmanned war
Just as companies like Northrop Grumman
3. Expanding its reach
The Motley Fool Stock Advisor service looks for companies with strong management poised to beat the market over the long haul. To see all the stocks that have helped Tom and David Gardner beat the market by 62 points on average, take a free 30-day trial.
Fool contributor Dave Mock has more than three reasons why he doesn't play checkers for money anymore. He owns no shares of companies mentioned here. iRobot is a Rule Breakers choice. The Fool's disclosure policy dances the robot better than any other disclosure policy out there.