Seeking Alpha

stockpucker's  Instablog

stockpucker
  • on Fund Holdings
Send Message
Affinity for activist campaigns and targeted stocks.
My company:
stockpucker
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
Back To stockpucker's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Sabra Capital officially an activist at Cinedigm ($CIDM) -- Activist Stocks http://ow.ly/Nlt9P
    3 days ago
  • Daily Activist Investing May 22: European activism just doesn't work -- Activist Stocks http://ow.ly/NlsXV ICYMI
    3 days ago
  • Pep Boys $PBY Buyout Bound: Third Try A Charm? -- Activist Stocks http://ow.ly/NhK2r
    4 days ago
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.