Garmin Ltd. (GRMN)

All Comments on GRMN

  • commenter
    krug
    Apr 29 06:28 PM
    Where is Garmin Leading Us? [view article]
    So declining inventory is bad for Garmin and rising inventory levels are bad for Crocs. Does any of this make any sense? Oh to have an analyst's mind! I must also comment that the quote from the annual report was pretty selective. On the Q4 call management commented that inventory levels would probably build in Q1 so as to have sufficient product to meet the high demand in subsequent quarters. Reply
  • commenter
    daffy
    Apr 25 03:11 PM
    My Website
    Trading Garmin for a Bounce [view article]
    sorry, link didn't work, if you want to get the link, write to me on my website. Reply
  • commenter
    daffy
    Apr 25 03:07 PM
    My Website
    Trading Garmin for a Bounce [view article]
    Quote from article:

    "Garmin benefits from offering high-end devices for aviation and marine navigation — and from reporting in dollars. Also, it plans to meet the cell phone threat with its own combination phone and navigation device later this year, and it has announced a partnership integrating AOL's MapQuest into its devices."

    Exactly what we are talking about here.

    link:

    news.yahoo.com/s/ap/20...;_ylt=AuaVVkeiq86OkGVO...

    Reply
  • commenter
    baffled
    Apr 24 10:40 PM
    Trading Garmin for a Bounce [view article]
    If GRMN beats estimates (likely to do by 10%), and maintains guidance with reasonable margin erosion to take market share away from their weak competition. Expect a similar jump such as we saw with GOOG last Friday (or higher).

    Shorts have abused this stock pretty handily due to weak fundamental analysis (some included in this commentary) that has made many panic and give up their shares too cheap. Even in this slowing economy, GRMN's trailing and forward P/E assume negative to no growth which isn't the case for this company (check out what the Olathe poster shared).

    Market is punishing strong companies with "guilt by association" tactics (in GRMN's case, T2 and SIRF). That tactic was being used on GOOG when everyone incorrectly identified a YHOO-MSFT merger as a challenge and overlooking their international expansion.

    To add also, short interest ratio is very high (17M shares as of 4/15), well over 3. This is bullish. A squeeze could be in the making.

    Also, recent comments by senior management on revenue confirmed previous Q4 07 guidance.

    Finally the whole cell phone (the weak fundamental analysis I referred to) challenge, people can barely talk and drive at the same time. Can they be expected to drive safely while staring into a small screen for directions? Oh, and California's "hands free" cell phone law goes into existence 7/1/08. This new product is dead out going out the gates.     Reply
  • commenter
    daffy
    Apr 23 06:58 PM
    My Website
    Trading Garmin for a Bounce [view article]
    hardrookwar ~

    Do you think tha GRMN is doing a bit of data collection and reducng their reliance on any company that provides mapping data?

    If I were at the top there, I would have a team of lawyers protect and making sure that any additonal data collection ensures proprietary significance and any existing contracts suggest that the changes to data tables inherently alters proprietary rights.

    NVT would then be meaningless, and so would nokia. I get the feeling that nokia got a sour deal here.

    I tend to believe that the people in charge at GRMN are a hell of a lot smarter than you are giving them credit for.

    Now, as far as your speculation goes that Cell Phones are the only way people get their info . . . I am not so sure I agree with that. Cellphones are cell phones. Even though I would love to have one of those 1960's AT&T land line phones in my house, I am not going to go out and get one. Phones are a disposable item, and I doubt they will ever serve the same purpose as a PND. Now, in that thinking you have to realize that PND's will NEVER penetrate the market like cell phones will, UNLESS some genius can force the PND into a cell phone.

    My guess . . .

    GRMN will couple themselves with a cell phone manufacturer (sound familiar) and force the integration. After this technology hits the market, AAPL will come along and reinvent the cell-pnd union and tout it as the newest technology that exists and all the latte sipping, Onion believing Madisonites will help to make it the next new fad.

    At that point we will see that PND's, cell phones, and personal data storage and utility devices will merge into one. I think Nokia is a little late to the market, and all GRMN has to do is to start building cell phones (instead of buying a cell phone company) and align themselves with a few international carriers and build a NEW WORLD NETWORK. How would evaluate GRMN then?

    That being said, I am still going to sell when GRMN hits 70, unless the news changes and the madisonites start chanting in some binary mapping unison.     Reply
  • commenter
    mmeister
    Apr 23 12:03 PM
    Trading Garmin for a Bounce [view article]
    Here in Olathe, I watch Garmin expanding by leaps and bounds; new buildings all over the place and hiring like crazy. I may be wrong and am following their management over the cliff, but I still think they are a lot smart then the rest of us and know what they're doing. Their big screwup has been in investor relations which has been almost non-existent. They made a change at the top in that department last week. Hopefully that problem is solved. Reply
  • commenter
    hardrookwar
    Apr 22 07:01 PM
    Trading Garmin for a Bounce [view article]
    Er, I don't know about that, Slinger. The analysts and stock-buying public seem to think that PND's are the buggy whips of the turn of the century--obsolete. Only cell phones have penetrated every corner of the market (including africa, india, chine) and if LBS becomes indispensible there, cell phones will be how most people get their info, not PNDs.

    So long as there is a boat, plane, or car without a GPS, there is room for GRMN to grow. But otherwise, in a world of real-time info, GRMN is the next Dell--they make the device; NVT makes the OS; ATT is the ISP; GOOG is the gateway to POI's; and the www provides the site-specific content. GRMN will probably never be at 120 again. See Dell's long term chart (post bubble) to see what GRMN future looks like. I'm long on GRMN but I'm bailing at 59-60 next year.     Reply
  • commenter
    SLINGER
    Apr 22 02:51 PM
    Trading Garmin for a Bounce [view article]
    The one thing that needs to be pointed out is the following:

    Many have focused on the projected 40-50% decrease in revenue from Q4 to Q1; however, everyone fails to take into account that Garmin is quite seasonal (with a spike in sales recognized during the Q4 holiday season).

    If you take a look at the numbers behind it, a 40-50% from Q4 to Q1 yields a Q1 year over year increase in revenue between approximately 22-48%.

    The company is the market leader of an industry that has room to grow. People are acting as if GPS/PND technology has stopped dead in its tracks and is a dying breed.

    Get a clue - go long Garmin and reap the long-term benefits!     Reply
  • commenter
    Fausto
    Apr 22 11:08 AM
    Trading Garmin for a Bounce [view article]
    I'm completely confused on GARMIN. I'm trusting the fundamentals of the company; market is overweighting a "bit" negative results Reply
  • commenter
    ROOSEVELT M.
    Apr 22 09:56 AM
    Trading Garmin for a Bounce [view article]
    DAFFY, U R D BEST. PERIOD. Reply
  • commenter
    Phil Obal
    Apr 22 08:56 AM
    My Website
    Browsing the Sale Rack for Tech Bargains [view article]
    Two more tech stocks that are "value" buys are GlobalScape (GSB) with a low PE of 8 (right now) and American Software (AMSWA) which pays s nice dividend.

    GSB has a very nice potential to climb during 2008.     Reply
  • commenter
    daffy
    Apr 22 08:43 AM
    My Website
    Trading Garmin for a Bounce [view article]
    "Garmin is scheduled to release earnings on April 30. Recent earnings announcements have beat estimates, but a bad miss could wipe out our entire position."

    Just a little fact checking here:

    GRMN beat estimate for the last 14 of 15 quarters with an average "surprise" % of 17.5. The one miss was a $0.003 in 3Q06.

    I wouldn't go and suggest GRMN is going to miss, which you didn't, but you did not do justice to GRMN track record for the last 4 years.

    That being said, there was a press release about a revenue drop. That has to be factored in by now, as there have been many other price adjusters in the last month. So, if GRMN even comes close to the "street" then we should see a bounce. If you were watching GRMN at the last quartely report, you would see that a great report yielded a decent drop in share price. In today's market, I think that it is better to tell eveyone you are going to be broke in a month, and then beat, than to "meet the street". A true sign that the nellies are still in charge of this market.

    With all of that being said, I am curious as to why anyone would head to the options market when S&P still has a strong buy and a 12 mo. target of $105?     Reply
  • commenter
    mmeister
    Apr 21 12:38 PM
    Where is Garmin Leading Us? [view article]
    There's an obvious correlation between product and inventory and an art to manageing both. Based on Garmin's long term record, I'd say they know what they're doing............. far better than any of us.

    Reply
  • commenter
    ROOSEVELT M.
    Apr 21 12:07 PM
    Where is Garmin Leading Us? [view article]
    I FIND THIS ARTICLE VERY INFORMATIVE AND THOSE CHARTS SUPERB.
    JOB WELL DONE, THANKS.     Reply
  • commenter
    cautious
    Apr 18 11:50 AM
    Where is Garmin Leading Us? [view article]
    Haters and Shorties getting sqweezed, boo yeah! Irrational negativity on it's way out - GRMN shares coming back from the dead. Bet against this great growth company at your own peril. Reply
Loading...
Symbols:
Authors:
Quick Links: