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HSD – iRobot Corporation $IRBT

Hot stock of the day on December 17th was iRobot Corporation (IRBT). iRobot jumped 17.13%. This was due to two reasons; the first is the news that Google (GOOG) has been buying up robotics companies all over the place, the second is the Raymond James upgrade to strong buy with a price target of $39.

iRobot’s headquartered in Bedford, MA. iRobot designs, develops, and markets robots for the consumer, government, and industrial markets worldwide. It offers consumer products, including floor vacuuming and washing robots, floor sweeping robots, and pool and gutter cleaning robots. However, what seems to be the more important part of the company for this pop off is that they provide defense and security products. Some of which include; ground robots comprising 510 PackBot line of small unmanned ground robots, the 310 small unmanned ground vehicle (SUGV) and XM1216 SUGV multi-purpose ground robots, the 110 FirstLook small, light, and throwable robot, and the 710 Warrior multi-purpose robot for carrying heavy payloads.

iRobot

Disclaimer: I currently do not hold the above mentioned investment. I am not looking to add to a position in the above mentioned investment, within the next 30 days. I am not looking to take a short position in the above mentioned investment within the next 30 days.

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