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reddingrunner (95.84)

Set your waypoint on $75

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May 19, 2008 – Comments (0) | RELATED TICKERS: GRMN

In real  life I bought GRMN in 11/06 at about today's price of approx $48; sold half of it last October at $110 and the rest in February at $67.  It was overbought and now it's been oversold.  I guess investors are spooked by the fact that it has some real competition now.  

There's no reason an industry leader, with lots of cash and no debt and great management, can't thrive in a rapidly growing segment just because there's a little competitive price pressure.  

I'm not going to buy it in real life now- if I had any cash I'd put it into HOGS (the stock, not the bike) and GRMN probably isn't one of my top 75 picks.  But it's one of my top 200, which is good enough for CAPS.

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