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
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While iRobot is selling itself off as scrap, let's remember what actually makes a good robovac.
Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.
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.
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