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Thu Oct 4th 12:17 PM | Rating: 0 0
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Navteq Deal Great For Nokia; Let Garmin Breathe

I can not agree. NVT at 50 time earnings is expensive. They are not a startup waiting for earnings, but a company that has solid earnings record. With growth slower than GRMN who is trading at 33 time earnings, and a stronger growth curve, it is simply too expensive a purchase. NOK is still going to sell GRMN the data, GRMN will still continue their growth rate and this will be a non event next quarter! My $$$ is on GRMN for this one.
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Thu Oct 4th 12:10 PM | Rating: 0 0
Commented on:
Garmin Sell-Off Overdone; Wait For the Dust to Settle

I agree totally, Navtec at 50 time earnings and using 8.1 Bil in capital would have made me a seller not a buyer of GRMN. The failure to purchase NAVTEC is a positive business move for GRMN. Another lot of GRMN has been added to my portfolio at this point. Over twice the cost of my original shares and still a good buy.
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