User 175238

Garmin Hits New Lows, Despite Booming GPS Biz

I agree with you on this. It's the stock acting irrational and producing an awesome price on a great stock. And that 80 prediction is maybe 10/15 too high for this year, but 2009 should see continued growth. Europe and international investors are just picking up on GRMN, its newer models should also do well domestically. Its a BUY, at a great value....just expect HIGH volatility.


On Apr 08 06:32 PM User 175184 wrote:

> How many times is the same news going to drive this stock down?
> Today it was a Tom Tom warning. Why would GRMN drop (again) after
> its CFO just gave a 40-50% of Q4 guidance, after Q4 news was blockbuster--albeit
> with clearly explained declining margins, after everyone sees Nokia
> buying NVT, after GRMN already stepped back from TeleAtlas bid?
> Come on! Anticipation of this brought it down from 124/sh. Dividend
> is still .75/sh, and earnings will be around 4.20/sh, making the
> current PE around 11. Ridiculous for a LBS stock in a burgeoning
> market. I'm long, but no way am I panicked. Where will GRMN be
> in 1, 2, 3, 5 years? Only the most dominant GPS player in the nascent
> LBS market. Let me tell you, my iPhone can't touch my Garmin 60cs
> and probably never will. Would someone loan me some cash so I can
> make a bundle in GRMN? I predict 80/sh by xmas. A GRMN in every
> car, GRMN software in 30% of phones, GRMN in every plane and boat.