Garmin Ltd. (NASDAQ:GRMN)
CAPS Rating:
Garmin designs and builds GPS-enabled navigation and communication devices that help you map your route in a car, on foot, in a boat, or in a plane.
Get smart. Have fun. Make money.
Garmin designs and builds GPS-enabled navigation and communication devices that help you map your route in a car, on foot, in a boat, or in a plane.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
Bought on a dip. Wall Street is pricing Garmin like it's going to stop growing and eventually fade into irrelevance. I do understand the fear...the company is somewhat of a one-trick pony, relying on one line of technology for its revenue, and that line of technology could be replaced (think HD radio with GPS technology built-in, or the increasing number of cell phones that have GPS). Despite these threats, there is still a point where the stock just seems too cheap. All of the fear is factored in, Garmin has a strong balance sheet and a powerful history of innovation, margins are superb, and cash flow exceeds GAAP earnings. Garmin would really have to suffer a complete destruction of its business for the stock not to be a bargain at these levels, and while I see that it faces competitive threats, I don't feel that they're severe enough to justify selling the stock down to its current price.