Woulda, shoulda, coulda. Heck of an investing thesis there, Rick.
Pop quiz: What's Rule No. 1 in rule-breaking investing? Invest in the first mover.
That's got me wondering whether iRobot
Because pictures are worth 1,000 words, and I've got limited space to make this argument, I want you all to take a moment and click through those links above. Go ahead, I'll wait.
See the difference in sophistication between the Toyota/Honda robots, and the Roomba? Now compare the PackBot to the competition's offering (this little monster, the Talon, is manufactured by Foster-Miller, part of Britain's Qinetiq).
Five pictures, but they speak volumes about just how far behind the curve iRobot truly is.
As for guesstimating how much this fourth-string contender could earn in five years -- when it's not earning a red cent in real cash profits today -- that's an exercise in pure guesswork. If iRobot hasn't produced dime one in cash profits after 16 years in business, I'm less than sanguine about estimates of its future profitability.
Sure, iRobot might be a big winner for investors. And a PackBot might be able to survive 30 seconds in a ring with a Talon. But don't bet on either.
Read more about the true robotics leaders in: