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Marshall Hargrave's  Instablog

Marshall Hargrave
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Former registered investment adviser rep and current entrepreneur. Now running an equity research company. Affinity for activist campaigns and targeted stocks.
My blog:
stockpucker
  • Garmin (GRMN) Is A Short 0 comments
    Mar 18, 2013 10:32 PM | about stocks: AAPL, GRMN, NOK, GOOG

    Be sure to check out our detailed stock analysis (click here). I believe the Garmin (NASDAQ: GRMN) growth story is over. The digital mapping company has turned to self-preservation. It still manages to attract investors with with a 5% dividend yield -- but how long can they keep it up? Its market share is dwindling, it is "expensive" by valuation standards, its earnings are expected to shrink and its dividend payout is questionable.

    Garmin shares tumbled 10% earlier this month after offering weak guidance to investors. The company now expects to see 2013 EPS in the range of $2.30 to $2.40, whereas analysts were hoping for $2.83. Even with this big fall in the stock's price it still remains overvalued. Compared to industry comps, including Trimble Navigation and Cubic, Garmin is above the industry on a number of valuation multiples.

    READ THE REST AT STOCKPUCKER...

    Stocks: AAPL, GRMN, NOK, GOOG
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