Garmin Stock: Hidden Buyback Potential And Economic Resiliency

Oct. 26, 2021 11:58 PM ETGarmin Ltd. (GRMN) StockGRMN2 Comments
Pinxter Analytics
5.02K Followers

Summary

  • Garmin has been incredibly resilient in the face of market turmoil and has been seeing new contracts as well as renewals over the past few months.
  • On top of that, a look at their historical cash flow statements presents a potential glimpse into their future that may increase shareholder value by as much as 4%.
  • With annual net income growth rates expected at around 10%, as well as a 1.6% dividend yield, the company presents a strong long-term investment opportunity.
  • I am bullish on Garmin's long-term prospects.
IFA Consumer Electronics Trade Fair 2014

Sean Gallup/Getty Images News

Garmin (NYSE:GRMN) is a pretty cool company. It manufactures a range of navigation, communication, and information devices for government, commercial and consumers all across the globe. It's been doing very well lately as they've diversified their offerings over the past decade and have been

This article was written by

5.02K Followers
As part of my earnings growth strategy, I invest, trade and write about small under-covered growth companies which don't get much attention from establishment analysts as well as use the strategy to interpret short and long term moves in bigger, well established companies in the United States, Europe and the Asia-Pacific region.-All articles and the information in them are my opinion based on my own research and analysis and should not be taken as investment advice without proper due diligence and advice from a professional financial adviser.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of GRMN, AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Opinion, not investment advice.

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