Acquirers don't pay bubble prices
$AMZN is acquiring $IRBT for a bit more than 1x sales and roughly -55% of its all-time high price. Meaning, if you are holding a speculative tech growth stock that you bought during the bubble times last year, the danger is very real that if the company gets acquired, it will be for a far lower price than the ATH price.
Important to keep in mind, these bubble prices will not come back for a long time, if ever.
How do you think this fits into Amazon's electronics strategy? Are there any synergies here?
@ccm_brett My guess is that Amazon bought them for the tech and engineering talent. Roombas basically look like warehouse robots and have similar functions, including mapping environments etc. I'm sure there are some synergies there to improve them even more.
Maybe there might be an Alexa angle, too. Imagine mobile Alexas.