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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.
Most CAPS players do not understand their business. Yes, they are market leader in personal GPS devices but they are also into marine, automotive, aviation, fitness, etc. Profit margins are increasing and the worst is behind them now. They just blew away earnings estimates and raised guidance for the year:Garmin Ltd. said it expects 2011 earnings of $2.30 to $2.40 per share on revenue of approximately $2.60 billion. The current consensus earnings estimate is $2.09 per share on revenue of $2.56 billion for the year ending December 31, 2011.
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