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Garmin Hits New Lows, Despite Booming GPS Biz [View article]
This guy must be over 80, still trying to figure out the VCR.
Did he mention TomTom?
Garmin inked an extension with Navteq into 2015. For Free!!! Which is a far cry from $4 billion for TeleAtlas who barely turned their first profit.
I (unfortunately) am NOT a shareholder of Garmin, a buddy of mine picked it up a few years back while I was asleep at the switch. I've been following it religiously ever since, more so then anything else actually in my portfolio.
This is just the beggining of GPS, and with...
commanding marketshare
solid management
huge---almost triple digit growth---consistently
strategic synergies and a clear understanding of future trends
And what about their Balance sheet???
We're in the midsts of a credit crunch, a recession, and these guys don't owe a dime, they actually have an impressive cash position.
Yeah I'm not sure about this guy!