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.
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.
Garmin: Clearly Something's Not Right [View article]
I've bought Garmin at 35,65,99 and 102 because I believe in their management and their products. There's no question in my mind the stock will rebound. I know they don't issue alot of press releases or divulge much info, however I do feel they owe it to their investors to shed some light on what they think has caused this rather dramatic drop in value. And more importantly, what corrective steps they are taking to stop this decline.
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