Garmin Ltd. (NASDAQ:GRMN)

CAPS Rating: 2 out of 5

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.

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Player Avatar jnifer4 (84.77) Submitted: 3/22/2007 9:47:37 PM : Outperform Start Price: $43.14 GRMN Score: +3.21

Garmin is one of the most recognized names in the world of Global Positioning Systems (GPS). GPS units are no longer exclusively for the military. Yes, they are still used by the military for many things like Situational Awareness, but now all of us “little people” have access to them daily as well. These days we can get a GPS unit placed into everything from our cell phones to our cars and lots more.

Garmin was recently selected to partner with Honda as the exclusive supplier for their navigation systems in Europe. With Honda being one of the most popular and acclaimed auto makers, this should be a lucrative alignment for Garmin.

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