hardrookwar's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/175184/comments http://seekingalpha.com/article/75222-apple-s-199-iphone-is-a-game-changer?source=feed#comment-160345 160345 Thu, 01 May 2008 17:36:58 -0400 http://seekingalpha.com/article/73292-trading-garmin-for-a-bounce?source=feed#comment-159457 159457 Wed, 30 Apr 2008 12:32:01 -0400 http://seekingalpha.com/article/73292-trading-garmin-for-a-bounce?source=feed#comment-154923 154923
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.]]> Tue, 22 Apr 2008 19:01:02 -0400
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.]]> http://seekingalpha.com/article/71643-garmin-clearly-something-s-not-right?source=feed#comment-148036 148036
But when that shoe drops on April 30, where will GRMN go? Even if it's bad news, the news seems to be factored in already. With a P/E of 12, $4+/sh. earnings(!), dividend of .75, lots of cash on hand, just how far can it really fall on bad news? 7x earnings? GRMN ain't Motorola, people! And good news (like a grab of TomTom's marketshare in europe, perhaps?) could send this stock up 10 pts in a day. A dropoff from Q4 is natural for consumer gadgets (only part of Garmin's business)--and what a Q4 it was, BTW, blowing away every estimate. Q1 08 will still crush Q1 07, yet downgrades may follow. Maybe Garmin pulls a stunt like increasing dividend, or buying back stock, to prevent erosion of share price. They should just keep making great devices. If the stock falls any further, Nokia ought to scoop 'em up. (Nokia won't have the map expense that Garmin has). Either way, the future is bright for LBS and GPS in particular. This is a global market from now on, so don't let US woes distract you from the long term value of GRMN going forward.]]> Wed, 09 Apr 2008 23:50:42 -0400
But when that shoe drops on April 30, where will GRMN go? Even if it's bad news, the news seems to be factored in already. With a P/E of 12, $4+/sh. earnings(!), dividend of .75, lots of cash on hand, just how far can it really fall on bad news? 7x earnings? GRMN ain't Motorola, people! And good news (like a grab of TomTom's marketshare in europe, perhaps?) could send this stock up 10 pts in a day. A dropoff from Q4 is natural for consumer gadgets (only part of Garmin's business)--and what a Q4 it was, BTW, blowing away every estimate. Q1 08 will still crush Q1 07, yet downgrades may follow. Maybe Garmin pulls a stunt like increasing dividend, or buying back stock, to prevent erosion of share price. They should just keep making great devices. If the stock falls any further, Nokia ought to scoop 'em up. (Nokia won't have the map expense that Garmin has). Either way, the future is bright for LBS and GPS in particular. This is a global market from now on, so don't let US woes distract you from the long term value of GRMN going forward.]]> http://seekingalpha.com/article/70644-garmin-hits-new-lows-despite-booming-gps-biz?source=feed#comment-147261 147261 Tue, 08 Apr 2008 18:32:36 -0400