iRobot Warns on Full Year Guidance

iRobot issued new financial guidance after the market close yesterday that reflected the financial problems of retailer Linens ‘N Things, which apparently owes iRobot $1.8 million and is reported to be near a bankruptcy filing (I warned of this a few weeks back), as well as a weaker retailing environment. iRobot still expects to make money for the full year, but dropped its expectations to $5-7 million from $8-$10 million. That means another year without anything close to a meaningful P/E ratio,
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