Published: May 20, 2014
iRobot (Nasdaq: IRBT) has seen its stock rise irrationally due to investor speculation of a “Robotics Revolution,” caused by media, analyst, and investor hype over small investments by companies such as Google (GOOG) and Amazon (AMZN) in robotics. In reality, we believe IRBT is a struggling consu...
Published: May 17, 2012
Garmin (Nasdaq: GRMN) is a maturing consumer electronics business. The market’s optimistic view will change as Garmin fails to meet lofty growth expectations. In 12-18 months, this stock will be worth $25, implying 2012E FCF yield of 10.7% and 2012E EV/NOPAT of 10.5x. TomTom, Garmin’s closest pub...
Published: May 17, 2012
Garmin (Nasdaq: GRMN) is a maturing consumer electronics business. The market’s optimistic view will change as Garmin fails to meet lofty growth expectations. In 12-18 months, this stock will be worth $25, implying 2012E FCF yield of 10.7% and 2012E EV/NOPAT of 10.5x. TomTom, Garmin’s closest pub...