iRobot filed for bankruptcy
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The stock appears inexpensive based on sales metrics, yet that seeming “value” rests on a troubled balance sheet and a business that has forfeited both its
The iRobot Roomba 105 has plummeted back to its lowest-ever price of $169 at Amazon. This allows you to save $150.99 off its usual price of $319.99. If you're hoping to grab it ahead of the holidays, Amazon even has a note on its sale page that states it'll arrive before Christmas to give you a little peace of mind.
While iRobot is selling itself off as scrap, let's remember what actually makes a good robovac.
Robot survived three decades of competition, but couldn't survive European regulators killing its Amazon buyout. Now it's being taken over by its own supplier in bankruptcy court.
Roomba maker iRobot plummets following a bankruptcy filing, while cannabis stocks turn lower following sharp gains Friday after reports of possible looser marijuana restrictions.