Small-Cap Stocks to Buy: iRobot (IRBT)
iRobot Corporation (NASDAQ:IRBT) calls itself a consumer robot company. If you’ve heard of the Roomba, Scooba, Looj or Braava then you’ve heard of iRobot.
They are all specialized cleaning devices that are fully automated. And the one thing that has set IRBT apart the from the competition isn’t the design of the products, but the programming. It has some of the best programming in the business.
What’s more, IRBT is a significant supplier to the U.S. military and homeland security forces and has been for years. That is significant because it means its products are built to much higher specifications than most household computer cleaning machines. It also means that its consumer division isn’t the only revenue generator IRBT has to work with. And as you well know, robots are in growing demand in all manner of services, especially for the military.
The stock is up 67% in the past three months as it continues to post solid sales of its consumer line.
Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.